Midday movers: Arista Networks, Caterpillar, ZoomInfo Technologies and more
Investing.com -- U.S. stocks were mixed on Tuesday, with investors digesting more corporate earnings as well as key job openings data.
Here are some of the biggest U.S. stock movers today:
Arista Networks (NYSE:ANET) stock rose over 22% after the computer networking company forecast quarterly revenue above estimates after delivering better-than-expected results, supported by higher demand for its cloud networking gear. Caterpillar (NYSE:CAT) stock rose 8.6% after the construction equipment maker reported a rise in quarterly profit, as higher infrastructure spending in regions such as North America drove demand for its products. ZoomInfo Technologies (NASDAQ:ZI) stock fell 25% after the software and data company cut its full-year earnings and revenue outlook.
Pfizer (NYSE:PFE) stock fell 0.4% after the drugmaker beat earnings estimates but fell short of Wall Street estimates for quarterly revenue, hit by declining sales of its COVID-19 products.
Amazon (NASDAQ:AMZN) stock fell 1% after the online retail giant announced plans to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services data centers in the country.
Merck (NYSE:MRK) stock fell 0.7% after the drugmaker posted a narrower-than-expected second-quarter loss and raised its full-year profit forecast on the strength of its two top-selling products, cancer immunotherapy Keytruda and human papillomavirus vaccine Gardasil.
JetBlue (NASDAQ:JBLU) stock fell 7.4% after the low-cost carrier cut its full-year profit forecast, citing a hit from the termination of its revenue-sharing deal with American Airlines (NASDAQ:AAL).
BP (NYSE:BP) ADRs fell 1.1% after the oil major raised its dividend and announced a share buyback despite an earnings drop.
HSBC (NYSE:HSBC) ADRs rose 0.2% after Europe’s largest bank announced a $2 billion buyback as it reported higher profits and revenue for the first half of 2023.
-- Peter Nurse contributed to this report
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