Pedestrians pass in front of a GAP store in New York.
Scott Millian | CNBC
Check out which companies are making the headlines at midday Friday.
American Express Shares of the payments company fell 1.1% even though American Express beat earnings expectations for the first quarter. American Express reported earnings of $2.73 per share, versus Refinitiv’s consensus estimate of $2.44 per share. The company said earnings got a boost from spending by millennials and Generation X consumers.
Verizon Communications – Verizon shares fell 6.1% after the company announced a Losing 36,000 phone subscribers per month During the first quarter, compared to FactSet’s estimate of a 49,300 loss. Verizon also reported earnings and revenue for the quarter that were in line with Wall Street expectations.
HCA HealthcareAnd Comprehensive health servicesAnd intuitive surgical The healthcare sector came under pressure on Friday, with HCA Healthcare being the biggest slowdown after reporting full-year earnings and disappointing revenue guidance. HCA is down 19%, Universal Health Services is down 13%, and Intuitive Surgical is down about 13%.
SVB Financial Group – Shares of the regional bank rose more than 11% after the company reported strong earnings. SVB Financial Group earned an adjusted $6.22 per share, compared to a consensus estimate of $5.60 from FactSet. The company’s net interest income also exceeded expectations.
Kimberly Clark Company Shares of the consumer products company rose about 9% after Kimberly Clark beat earnings expectations. The company earned $1.35 per share in its most recent quarter, versus consensus estimates of $1.23 per share from Refinitiv. Kimberly-Clark also raised its full-year organic sales forecast.
Schlumberger Stocks jumped more than 3% after the oilfield services producer beat earnings expectations. Schlumberger earned 34 cents a share, versus analysts’ expectations of 33 cents a share. Schlumberger also raised its dividend by 40%.
the difference – Shares of the retailer fell about 20% after Gap announced Old Navy CEO Nancy Green is leaving the company this week. Gap also lowered its forecast for net sales growth this fiscal year.
– CNBC’s Tanaya Machel contributed to the report.