Movers: Boeing, Check Point Software, Jacobs Engineering, PerkinElmer, Global Payments, Nio

Barry Adams
01 Aug, 2022
New York City

 

Boeing Co increased 6.6% to $169.93 after financial news TV channel CNBC reported the Federal Aviation Administration has approved the inspection framework revisions permitting the plane maker to resume the delivery of its 787 Dreamliner. 

Boeing defense units are also scheduled to vote on the new labor contract on Wednesday, hoping to avoid the strike. 

Check Point Software Technologies fell 4.4% to $118.95 and second quarter revenues increased 9.0% to $571.1 million. 

Net income in the quarter fell to $173.6 million or $1.36 a share from $186.0 million or $1.38 a diluted share a year ago. 

Security subscriptions revenues increased 14% to $210 million as more corporations face rising cyber and ransomware attacks. 

Jacobs Engineering Group Inc declined 5.1% to $130.10 after the company said revenues in the fiscal third quarter ended July 1 increased 7.0% to $3.8 billion. 

Net income in the quarter increased to $196 million or $1.52 a diluted share from $165.8 million or 83 cents a diluted share a year ago. 

The company expects fiscal fourth quarter adjusted operating earnings between $340 million and $360 million and adjusted earnings per share between $1.75 and $1.85.

The company confirmed that the strong dollar negatively impacted its full-year revenues, operating earnings and earnings per share estimates. 

PerkinElmer, Inc rose 6.5% to $163.09 after the diagnostics and life science company reported better-than-expected quarterly results. 

Second quarter revenues were flat at $1.23 billion and net income declined to $1179 million from $246 million a year ago. Diluted earnings per share fell to $1.42 from $2.19 a year ago. 

Perkin Elmer also agreed to sell its non-core business for $2.45 billion to New Mountain Capital and the deal is expected to close in the first quarter of 2023. 

The company also guided its third quarter revenue of approximately $1.02 to 1.03 billion and adjusted earnings per share to be in a range between $1.40 and 1.45. 

For the full-year 2022, the company now estimates revenue between $4.60 and 4.64 billion and adjusted earnings per share between $7.80 and 7.90.

Global Payments Inc increased 6.9% to $130.79 said second quarter revenues edged up 6.7% to $2.28 billion from $2.14 billion a year ago. 

In the quarter, the company swung to a loss of $673 million or $2.42 a diluted share from a profit of $263.5 million or 89 cents a diluted share a year ago. 

The company swung to a loss largely on the account of a pre-tax charge of $833.1 million related to goodwill impairment charges. 

Global Payments estimated full-year revenues in constant currencies adjusted revenues before the asset sale to fall between $8.48 billion and $8.55 billion. 

The company reinforced its adjusted earnings per share on a constant currency basis outlook to fall between $9.53 and $9.75, reflecting growth of 17% to 20% over 2021.  

Nio Inc increased 2.5% to $20.20 after the China-based electric vehicles maker said July deliveries increased 26.7% to 10,052 but fell from nearly 13,000 in June. 

Li Auto Inc increased 1.4% to $33.33 after the China-based electric vehicles maker said July sports utilities deliveries rose 21.3% to 10,422 units but fell from June