Take a look at the businesses making headlines in noon buying and selling: Colgate-Palmolive — Shares slipped 4.6% after the family merchandise firm reported fourth-quarter income that missed analysts’ expectations and forecast weak 2025 gross sales given unfavourable results from international change charges. KLA Company — The inventory shed practically 0.6% after the semiconductor firm posted a top- and bottom-line beat within the fiscal second quarter. KLA reported adjusted earnings of $8.20 per share on income of $3.08 billion. This got here above the $7.75 per share and $2.94 billion in income that analysts anticipated, per LSEG. Vertex Prescription drugs — The biotech inventory jumped 5.3% after the U.S. Meals and Drug Administration accredited Vertex Prescription drugs’ non-opioid painkiller tablet. Vertex is the primary drugmaker in a long time to get U.S. approval for a brand new sort of ache drugs. Vertex’s new tablet is a brand new various for ache aid that comes with out the chance of dependancy. Deckers Outside — The Ugg and Hoka mum or dad tumbled about 20.5%. Deckers raised its full-year income steering to $4.9 billion, but it surely fell in need of the $4.93 billion anticipated by analysts polled by LSEG. Fiscal third-quarter outcomes surpassed Wall Road’s estimates on the highest and backside strains, nonetheless. AbbVie — Shares of the pharmaceutical firm soared 4.7% after AbbVie beat expectations on the highest and backside strains within the fourth quarter. The corporate reported adjusted earnings of $2.16 per share, whereas analysts surveyed by FactSet known as for earnings of $2.12 per share. The corporate additionally reaffirmed a excessive single-digit compound annual income development fee by 2029. Atlassian — Shares surged about 14.9%, hitting a brand new 52-week excessive , after the software program firm posted better-than-expected fiscal second-quarter outcomes. For the interval, Atlassian posted adjusted earnings of 96 cents per share on income of $1.29 billion. Analysts surveyed by LSEG had anticipated earnings of 76 cents per share and $1.24 billion in income. Walgreens Boots Alliance — The struggling pharmacy chain noticed shares plunge 10.3% after the corporate introduced it should droop its quarterly money dividend. Walgreens mentioned in a press launch that it’s in the midst of “long-term turnaround efforts” and is aiming to fortify its steadiness sheet by decreasing debt and enhancing free money movement. Chevron — The oil big shed 4.6% after it missed on earnings within the fourth quarter. Chevron reported adjusted earnings of $2.06 per share, whereas analysts had forecast $2.11 per share, in response to LSEG. The weak point was attributed to its refining enterprise, which posted its first loss in 4 years. In the meantime, income got here in at $52.23 billion, topping the consensus name for $46.75 billion. Beazer Houses — Shares misplaced 20% after Beazer Houses posted fiscal first-quarter earnings that had been under consensus expectations. Beazer’s earnings of 10 cents per share missed the 31 cents anticipated by analysts, per FactSet. Its income of $468.9 million exceeded the $464.4 million consensus estimate, nonetheless. Eastman Chemical — Shares gained 7.5% after the chemical compounds firm exceeded fourth-quarter estimates, reporting adjusted earnings of $1.87 per share, whereas analysts polled by FactSet had been on the lookout for $1.57 per share. The highest finish of Eastman’s full-year earnings outlook additionally surpassed consensus expectations. Palantir Applied sciences — Shares of the protection tech firm popped 1.6% to achieve a brand new 52-week excessive. Palantir is slated to report its quarterly outcomes on Monday. Shares are up greater than 420% over the previous 12 months. — CNBC’s Sean Conlon, Michelle Fox Theobald and Hakyung Kim contributed reporting.
