{"id":89723,"date":"2024-02-10T20:55:40","date_gmt":"2024-02-11T01:55:40","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=89723"},"modified":"2024-02-10T20:55:42","modified_gmt":"2024-02-11T01:55:42","slug":"palantir-ge-healthcare-dupont-coherent-fmc-spotify-symbotic-rambus-and-more-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=89723","title":{"rendered":"Palantir, GE HealthCare, DuPont, Coherent, FMC, Spotify, Symbotic, Rambus, and More Movers"},"content":{"rendered":"
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Stocks closed higher Tuesday\u00a0after hopes for an interest-rate cut in March were all but dashed Federal Reserve officials.<\/p>\n

These stocks made moves Tuesday:\u00a0<\/p>\n

\n Palantir Technologies
\n rose 31%\u00a0<\/strong>after the software company posted better-than-expected revenue growth in the fourth quarter. Strong demand from its commercial customers offset lighter-than-expected government revenue. In an interview with\u00a0Barron\u2019s<\/em>, CEO Alex Karp said the commercial business in the quarter was \u201cbombastic, baller, incomprehensibly good.\u201d<\/p>\n

\n

\n GE HealthCare Technologies
\n rose 12% after the company posted better-than-expected fourth-quarter earnings and revenue.
\n GE HealthCare
\n said it expects adjusted earnings in 2024 of $4.20 to $4.35 a share.<\/p>\n

\n Spotify Technology
\n was up 3.9% after the streaming audio service reported a narrower-than-expected fourth-quarter loss as revenue jumped 16%. Spotify said subscription revenue jumped 17% to \u20ac3.17 billion.\u00a0Monthly active users rose 5% from the previous quarter to 602 million, above analysts\u2019 expectations of less than 601 million.<\/p>\n

\n DuPont
\n rose 7.4% after the industrial company topped earnings estimates, boosted its quarterly dividend, and said it was launching a new buyback program of $1 billion.<\/p>\n

\n Eli Lilly
\n reported fourth-quarter adjusted earnings of $2.49 a share, beating analysts\u2019 estimates of $2.30. Revenue of $9.35 billion jumped 28% and topped forecasts. The drug company said sales of Zepbound, its new obesity medicine, were $175.8 million. The stock was down 0.2%.<\/p>\n

\n BP
\n reported higher-than-expected annual profit and said it would be buying back $1.75 billion of stock in the first quarter, adding that it was committed to a total of $3.5 billion of buybacks in the first half of the year. U.S.-listed shares of the British energy company rose 6.3%.<\/p>\n

\n United Parcel Service
\n was up\u00a0<\/strong>4.9% after shares of the shipping company were\u00a0upgraded\u00a0to Buy from Neutral at
\n UBS
\n and the price target was raised to $175 from $160.\u00a0<\/p>\n

\n Coherent
\n reported adjusted earnings in its fiscal second quarter that beat analysts\u2019 estimates, with the optical materials and semiconductor company saying it saw \u201csigns of improving demand trends\u201d during the period and that it expects \u201congoing sequential improvement in revenue growth throughout the remainder of fiscal 2024.\u201d Shares rose 17%.<\/p>\n

\n DocuSign
\n fell 2% after the e-signature company said it was laying off 6% of its workforce. The company said the layoffs would help it \u201cprovide the foundation to realize its multiyear growth aspirations as an independent public company.\u201d The Wall Street Journal reported in December that DocuSign had hired outside advisors to explore a potential sale.<\/p>\n

\n Symbotic
\n was down 24%. The robotics warehouse automation company reported a first-quarter loss of 2 cents a share, narrower than a year-earlier loss of 12 cents, and revenue of $368.5 million, up from $206.3 million.
\n Symbotic
\n said it expects second-quarter revenue of $400 million to $420 million.<\/p>\n

\n Rambus
\n fell 19% after the chip maker posted fourth-quarter revenue of $122.2 million, down from $122.4 million a year earlier.<\/p>\n

\n FMC
\n declined 12% after fourth-quarter revenue fell more than expected and the crop-protection company issued a weak outlook for 2024.
\n FMC
\n said it expects earnings this year of between $3.23 and $4.41 a share on revenue of $4.5 billion to $4.7 billion. Analysts had expected earnings of $4.33 a share on revenue of $4.66 billion. \u201cDuring the fourth quarter we observed continued channel destocking in all regions, while drought in Brazil also amplified challenges in Latin America,\u201d said Mark Douglas, FMC president and CEO.<\/p>\n

U.S.-listed shares of Chinese electric-vehicle maker
\n Li Auto
\n rose 11% after analysts at Deutsche Bank raised their recommendation on the stock to Buy from Hold.<\/p>\n

Write to Joe Woelfel at joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks closed higher Tuesday\u00a0after hopes for an interest-rate cut in March were all but dashed Federal Reserve officials. These stocks made moves Tuesday:\u00a0 Palantir Technologies rose 31%\u00a0after the software company posted better-than-expected revenue growth in the fourth quarter. Strong demand from its commercial customers offset lighter-than-expected government revenue. In an interview with\u00a0Barron\u2019s, CEO Alex Karp […]<\/p>\n","protected":false},"author":1,"featured_media":81150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-89723","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nPalantir, GE HealthCare, DuPont, Coherent, FMC, Spotify, Symbotic, Rambus, and More Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stocks closed higher Tuesday\u00a0after hopes for an interest-rate cut in March were all but dashed Federal Reserve officials. 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