Apple, Robinhood, Visa, Chevron and more

The logo of an Apple store is seen in Arlington, Virginia, January 27, 2022.

Joshua Roberts | Reuters

Check out the companies that are making headlines in the dinner trade.

Apple – The technology giant’s shares rose more than 5% after a strong quarterly report that showed the largest single quarter in terms of revenue ever. Apple beat analyst estimates for sales in all product categories except iPads. Sales grew by more than 11% despite supply challenges and the persistent effects of the pandemic.

Robinhood – The stock trading app rose 7% in midday trading, after falling more than 14% earlier in the session. Robinhood made disappointing forecasts for the first quarter during its earnings report, but also said it is investing heavily in product development.

Visa – The payment giant jumped nearly 8% in its shares after reporting an adjusted quarterly profit of $ 1.81 per share, beating estimates by 11 cents. It also reported revenue that beat estimates and topped $ 7 billion for the first time.

VF Corp – The owner of clothing brands like North Face and Vans saw the shares fall by 4% after cutting its full-year sales forecast in its quarterly earnings report citing delivery delays and shortages of workers. The company beat analysts’ estimates of its quarterly profits and revenue.

Western Digital – Shares of the disk drive maker fell more than 6% despite the company reporting a hit on top- and bottom-line estimates for its most recent quarter. It also issued a weaker-than-expected outlook, saying supply chain problems prevented it from fully meeting strong demand.

ChargePoint – The EV charge inventory increased by more than 8% following an overweight upgrade from JPMorgan. Analysts said in a note that the company still had a long potential growth path ahead and that lack of profit in the short term should not be a major concern.

Chevron shares fell 4% after the energy giant reported weaker-than-expected quarterly earnings, even though its revenue exceeded analysts’ estimates. The company earned $ 2.56 per share excluding items, while analysts had expected $ 3.12 per share.

Caterpillar – Machine stock fell 6% despite a fourth-quarter report beating top- and bottom-line estimates. However, the company’s profit margin fell, reflecting higher costs.

Synchrony – Shares fell 5% after the company said it sees an increase from current levels of net depreciation and maturities as part of its quarterly results. The financial services firm reported earnings that were in line with Wall Street forecasts.

Mondelez – The snack maker fell more than 2% after the company slightly overlooked earnings estimates, at one krone per share, in its latest quarterly update. Mondelez said it raised prices during the quarter, but that it was not enough to offset increased ingredients and logistics costs.

– CNBC’s Jesse Pound, Maggie Fitzgerald and Yun Li contributed reporting.

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