Southwest Airlines planes sit idle on the tarmac after Southwest Airlines flights resumed following the lifting of a brief nationwide stoppage caused by an internal technical issue, according to the U.S. Federal Aviation Authority (FAA), at Chicago Midway International Airport in Chicago, Illinois, April 18, 2023.
Jim Vondruska | Reuters
Check out the companies making headlines in midday trading.
Honeywell International — Shares climbed 3.2% after Honeywell exceeded expectations on the top and bottom lines in its latest quarter. The conglomerate reported adjusted first-quarter earnings of $2.07 per share on revenues of $8.86 billion. Analysts polled by Refinitiv forecasted earnings per share of $1.93 on revenues of $8.52 billion.
Fidelity National Information Services — The financial products company’s stock climbed 3.5% on the back of better-than-expected first-quarter results. Fidelity National earned an adjusted $1.29 per share on revenue of $3.51 billion. Analysts polled by StreetAccount expected a profit of $1.21 on revenue of $3.41 billion.
Southwest Airlines — The airline company’s shares slipped 3.4% following a wider-than-expected loss for the first quarter. The carrier had a meltdown in the final days of December, when it canceled more than 16,000 flights in late December. The incident resulted in a $325 million revenue impact for the first quarter, Southwest said.
Caterpillar – Shares of the construction-equipment manufacturer lost 2.4% the company released its quarterly earnings report. Caterpillar earned an adjusted $4.91 a share last quarter, above the $3.78 that was expected, according to the Refinitiv consensus. Revenue of $15.86 billion also topped expectations.
C.H. Robinson Worldwide — The transportation company gained 8.1%. C.H. Robinson reported an earnings miss on Wednesday, with an adjusted 98 cents per share and $4.61 billion in revenue against estimates of 99 cents and $4.78 billion, according to data compiled by FactSet.
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