See the companies making headlines in midday trading. Meta platforms. Shares of the parent company of Facebook and Instagram rose 20.3% after reporting a triple fourth-quarter profit and announcing its first dividend, due at the end of March. Revenue jumped 25% from a year earlier, the fastest growth rate of any period since mid-2021. Apple — Shares of the iPhone maker fell 0.5% after Apple provided financial guidance for the current quarter hinting at weak iPhone sales. The company reported earnings per share of $2.18 in the fiscal first quarter ended in December, above analysts’ forecast of $2.10 per share according to LSEG, formerly known as Refinitiv, despite lower sales in China. Amazon — Shares of the dominant e-commerce platform jumped more than 7% as profit and revenue rose in the fourth quarter. According to LSEG, Amazon reported earnings per share of $1 on revenue of $169.96 billion. Analysts had forecast earnings per share of 80 cents on revenue of $166.21 billion. Skechers – The company’s shares fell 10.3% a day after as the sneaker maker posted mixed fourth-quarter results and issued little guidance for the full year. Skechers forecast 2024 revenue of $8.6 billion to $8.8 billion and earnings of $3.65 to $3.85 per share. Analysts polled by LSEG estimated revenue of $8.9 billion and earnings of $4.18 per share this year. Bristol Myers Squibb — Pharmaceutical stocks rose 0.1% after cancer drug maker Opdivo’s fourth-quarter earnings and revenue beat analysts’ estimates. Adjusted earnings per share were $1.70, topping the $1.53 expected by analysts polled by LSEG. Revenue reached $11.48 billion versus the consensus estimate of $11.19 billion. Deckers Outdoor — Shares of the maker of footwear brands Ugg and Teva rose 14.1% after the company’s fiscal third-quarter results beat Wall Street estimates and it announced a new CEO. In response, several Wall Street analysts raised their price targets for the stock. Deckers reported earnings per share of $15.11, beating analysts’ estimates by $3.63, and revenue for the quarter was $1.56 billion, versus estimates of $1.45 billion, according to LSEG. Cigna – Shares of the healthcare services company rose more than by 5% after reporting stronger-than-expected fourth-quarter financial results and upbeat revenue guidance for the year. Cigna reported earnings of $6.79 per share on revenue of $51.15 billion, beating estimates of $6.54 per share on revenue of $48.91 billion, according to FactSet. Full-year revenue forecast was $235 billion, compared with estimates Mattel — Shares of the Barbie toy maker rose 4.1% on news that activist investor Barington Capital has acquired an undisclosed stake in Mattel and is calling for the sale of its American Girl and Fisher-Price units. Clorox — Shares of the bleach maker jumped 5.6% on Friday, a day after beating Wall Street expectations for its fiscal second quarter. Clorox earned $2.16 per share, excluding items, on revenue of $1.99 billion. Analysts polled by LSEG expected $1.10 a share on revenue of $1.80 billion. Chevron — Shares jumped nearly 3% after the nation’s second-largest oil company increased its dividend by 8%. Chevron posted mixed fourth-quarter results, with adjusted earnings per share of $3.45, topping analysts surveyed by LSEG’s forecast of $3.21. Shares of ExxonMobil, the largest U.S. oil company, rose 1% after its fourth-quarter earnings per share beat analysts’ estimates. Both companies’ revenues came in below Wall Street estimates. Intel — Shares of the chipmaker fell 1.7% after The Wall Street Journal reported that Intel was delaying construction of its $20 billion chip plant in Ohio due to market problems. Microchip Technology – Shares of the semiconductor sector fell more than 1% after the company issued weak guidance for its fiscal fourth quarter ending March 31. The company also reported revenue that met analysts’ expectations. — CNBC’s Alex Harring, Yoon Lee, Tanaya Machil, Michelle Fox and Tanaya Machil contributed reporting.
