Signage at 23andMe headquarters in Sunnyvale, California, the United States, on Wednesday, January 27, 2021.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that are making the headlines in midday trading.
J.B. Hunt Transport Services – J.B. Hunt rose 8.7% after beating third-quarter revenue and earnings estimates. The Arkansas-based shipping company earned $ 1.88 per share on revenue of $ 3.14 billion for the quarter. Analysts surveyed by Refinitiv expected $ 1.77 per share on sales of $ 3.01 billion.
Paper Stocks – Stocks of paper and packaging companies were the biggest declines in the S&P 500 after KeyBanc found that its third-quarter year-on-year box shipping data released Friday was unchanged. International Paper lost 4.5% and WestRock lost 5.6%. Packaging Corporation of America was down 3.9.
Goldman Sachs – Goldman Sachs stocks rose 3.8% after the bank's third-quarter earnings beat expectations. Goldman reported earnings of $ 14.93 per share on sales of $ 13.61 billion. According to Refinitiv, analysts expected earnings of 10.18 US dollars per share on sales of 11.68 billion US dollars. The investment banking firm's revenues grew nearly 90%.
PNC Financial – The bank's stock slipped 1.7% despite PNC beating its adjusted earnings per share and revenue estimates for the third quarter. The company's net interest income for the third quarter was below estimates, according to StreetAccount.
Charles Schwab – The brokerage firm's shares rose 3.6% after posting quarterly earnings that beat analysts' estimates. Schwab recorded 84 cents per share, compared to estimates of 81 cents per share, outperforming sales of $ 4.57 billion versus $ 4.52 billion.
Virgin Galactic – The space tourism company's shares fell 16.8% after the company postponed its space tests until 2022. Bank of America cut its price target on Virgin Galactic from $ 25 per share to $ 20 per share and kept its underperformance rating of the stock with "increased uncertainty and ambiguity" on the part of the company surrounding the move.
Corsair Gaming – Corsair shares fell 8.1% after the video game peripheral maker said supply chain issues weighed on sales, but 2021 will still be a "strong year of growth".
Alcoa Corp – The aluminum maker's shares rose 15.2% following its third quarter results. Alcoa made $ 2.05 per share of blank shares on sales of $ 3.11 billion. Analysts surveyed by Refinitiv expected the company to make $ 1.80 per share on sales of $ 2.93 billion.
23andMe – The DNA genetic testing company's stocks rose 16.9% after EMJ Capital's Eric Jackson said it was one of its stock picks and should be viewed as a therapeutic company as well as a subscription service, which could bode well for future growth.
– CNBC's Jesse Pound, Yun Li, Pippa Stevens and Hannah Miao contributed to the coverage
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