Try the businesses making headlines noon Wednesday:
Capri Holdings — Shares of the corporate that owns Michael Kors, Versace and Jimmy Choo jumed 11.88 % for the day after the corporate reported earnings that beat expectations. Capri Holdings additionally stated Jimmy Choo and Versace gross sales have been sturdy.
Skyworks Solutions — Shares of the Apple chips provider surged greater than 12 % after reporting quarterly earnings per share that simply beat expectations. Skyworks additionally stated it will repurchase $2 billion in inventory.
ING — The Dutch monetary group surged after the corporate reported better-than-expected pretax earnings Wednesday. ING cited rising curiosity earnings, commissions and costs as key tailwinds within the quarter.
Electronic Arts, Take-Two Interactive, Activision Blizzard —Digital Arts fell greater than 13 % in noon buying and selling, main decrease different main video-game shares like Take-Two Interactive and Activision Blizzard. EA reported weaker-than-expected gross sales for the earlier quarter, citing “intense competition.” Take-Two additionally reported earnings and fell greater than 12 %. Activision Blizzard dropped almost 10 %.
Plantronics — Shares of the electronics firm surged greater than 14 % Wednesday after the corporate exceeded Wall Avenue’s expectations for the fourth quarter. Plantronics beat earnings per share estimates by 17 cents.
Shutterfly — Shutterfly shares dropped greater than 9 % after the corporate reported combined earnings and lowered its revenue and gross sales steerage for the primary quarter. The digital picture service additionally introduced CEO Christopher North will depart the corporate in August.
Snap — Snap shares rose almost 27 % on better-than-expected fourth-quarter outcomes. Analysts anticipated a lossof 7 cents per share, however the firm reported a lack of solely four cents. The tech firm additionally efficiently maintained 186 million every day lively customers for the second consecutive quarter. Common income per person, a key metric for the social media firm, was additionally above estimates.
General Motors —The automaker’s inventory climbed greater than 1 % after the corporate reported adjusted earnings per share of $1.43 for the fourth quarter, topping an estimate of $1.22. GM’s income additionally surpassed analyst expectations.