Take a look at the corporations making headlines in noon buying and selling: Colgate-Palmolive — Stocks slipped 4% then the family merchandise corporate reported fourth-quarter earnings that neglected analysts’ expectancies and forecast vulnerable 2025 gross sales given unintended effects from foreign currency echange charges. KLA Company — The book climbed 2% then the semiconductor corporate posted a top- and bottom-line beat within the fiscal moment quarter. KLA reported adjusted profits of $8.20 in step with percentage on earnings of $3.08 billion. This got here above the $7.75 in step with percentage and $2.94 billion in earnings that analysts anticipated, in step with LSEG. Vertex Prescription drugs — The biotech book jumped 7% then the U.S. Meals and Drug Management licensed Vertex Prescription drugs’ non-opioid painkiller tablet. Vertex is the primary drugmaker in a long time to get U.S. kindness for a unused form of ache drugs. Vertex’s unused tablet is a unused spare for ache amusement that comes with out the danger of habit. Deckers Outside — The Ugg and Hoka guardian tumbled about 17%. Deckers raised its full-year earnings steerage to $4.9 billion, but it surely fell decrease of the $4.93 billion anticipated via analysts polled via LSEG. Fiscal third-quarter effects surpassed Wall Boulevard’s estimates at the summit and backside traces, on the other hand. AbbVie — Stocks of the pharmaceutical corporate soared 6% then AbbVie beat expectancies at the summit and backside traces within the fourth quarter. The corporate reported adjusted profits of $2.16 in step with percentage, occasion analysts surveyed via FactSet known as for profits of $2.12 in step with percentage. The corporate additionally reaffirmed a prime single-digit compound annual earnings expansion fee via 2029. Atlassian — Stocks surged about 16%, hitting a unused 52-week prime , then the device corporate posted better-than-expected fiscal second-quarter effects. For the length, Atlassian posted adjusted profits of 96 cents in step with percentage on earnings of $1.29 billion. Analysts surveyed via LSEG had expected profits of 76 cents in step with percentage and $1.24 billion in earnings. Walgreens Boots Alliance — The suffering pharmacy chain noticed stocks plunge greater than 7% then the corporate introduced it’s going to droop its quarterly money dividend. Walgreens mentioned in a press reduce that it’s in the midst of “long-term turnaround efforts” and is aiming to beef up its stability sheet via lowering debt and bettering sovereign money current. Chevron — The oil gigantic release 3.8% then it neglected on profits within the fourth quarter. Chevron reported adjusted profits of $2.06 in step with percentage, occasion analysts had forecast $2.11 in step with percentage, in line with LSEG. The defect was once attributed to its refining trade, which posted its first loss in 4 years. In the meantime, earnings got here in at $52.23 billion, topping the consensus name for $46.75 billion. Beazer Properties — Stocks misplaced 16% then Beazer Properties posted fiscal first-quarter profits that have been underneath consensus expectancies. Beazer’s profits of 10 cents in step with percentage neglected the 31 cents anticipated via analysts, in step with FactSet. Its earnings of $468.9 million exceeded the $464.4 million consensus estimate, on the other hand. Eastman Chemical — Stocks added 9% then the chemical compounds corporate exceeded fourth-quarter estimates, reporting adjusted profits of $1.87 in step with percentage, occasion analysts polled via FactSet have been in search of $1.57 in step with percentage. The summit finish of Eastman’s full-year profits outlook additionally surpassed consensus expectancies. Palantir Applied sciences — Stocks of the protection tech corporate popped 4% to achieve a unused 52-week prime. Palantir is slated to document its quarterly effects on Monday. Stocks are up greater than 420% over the age one year. — CNBC’s Sean Conlon, Michelle Fox Theobald and Hakyung Kim contributed reporting.
