Vehicles sit parked outdoors of a Rite Aid Corp. retailer

Luke Sharrett | Bloomberg | Getty Images

Check out the businesses making headlines in noon buying and selling.

Rite Aid — Shares of Rite Aid dropped almost 14% in noon buying and selling after the pharmacy operator reported a quarterly loss, although a smaller-than-expected one, and lowered its full-year monetary steerage citing seasonal markdowns amongst different points.

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Nike — Nike shares jumped more than 13% after the corporate simply topped earnings and income estimates for its most up-to-date quarter. The athletic attire and footwear maker’s outcomes gave a lift to different athleisure shares. Under Armour gained more than 6%, Skechers rose 5% and Lululemon added 3.8%.

FedEx — The supply big noticed shares rise more than 4% as traders cheered one other spherical of  “aggressive” cost-cutting measures. The firm additionally beat earnings expectations, however income fell from the identical interval final 12 months.

Six Flags — Shares of the amusement park operator had been up almost 12% following information that activist shareholder Land & Buildings Investment Management has gathered a 3% stake within the firm.

BlackBerry — BlackBerry shares tumbled by about 9% after the corporate reported a quarterly loss. Revenue beat estimates however the efficiency of its cyber enterprise fell in need of StreetAccount estimates, coming in at $106 million versus estimates of $111.8 million.

Carnival — Shares jumped more than 4% after Carnival posted a smaller-than-expected loss in its newest quarter, although income was worse than anticipated. CEO Josh Weinstein mentioned robust momentum in reserving volumes has continued in December, “which bodes well for 2023 overall.”

Cintas — Cintas shares obtained a more than 2% increase after the uniform maker beat earnings and income estimates for its most up-to-date quarter, based on FactSet. It additionally raised its full-year earnings outlook for 2023.

 — CNBC’s Sarah Min contributed reporting


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