Home Depot, 23andMe, Tencent Music and more

Try the businesses making headlines in noon buying and selling.

Residence Depot — The house enchancment retailer’s shares dropped greater than 4% after reporting second-quarter outcomes. Comparable-store gross sales fell wanting forecasts, nevertheless, rising 4.5% in comparison with a StreetAccount consensus estimate of 5%. Nonetheless, Residence Depot earned $4.53 per share, 9 cents a share above estimates. Income additionally topped forecasts.

23andMe — Shares of 23andMe surged over 14% in noon buying and selling after Credit score Suisse initiated protection of the inventory with an outperform ranking, saying in a observe to shoppers that the corporate’s database can be laborious to match for pharmaceutical analysis.

Walmart — The large-box retailer’s share value rose about 0.2% after reporting second-quarter earnings that topped analyst estimates. The retailer gained floor in groceries and reported a robust begin to the back-to-school season.

Tencent Music — Tencent Music shares dropped roughly 13% after the net music leisure platform missed on second-quarter income expectations. The corporate reported income of 8.01 billion Chinese language yuan, in contrast with the 8.13 billion Chinese language yuan analysts surveyed by Refinitiv anticipated.

Endeavor Group Holdings – Shares of the corporate jumped about 9% after the leisure group beat bottom-line estimates throughout the second quarter. Endeavor posted a revenue of 19 cents on an adjusted foundation, whereas analysts had been anticipating a lack of 2 cents per share. Income, nevertheless, got here up barely wanting estimates. The corporate additionally lifted its full-year income steerage because of rising demand for in-person occasions.

Roblox – The online game firm’s shares slipped almost 2% after Roblox’s second-quarter bookings got here in under expectations. The corporate reported $665 million for the income metric, whereas analysts surveyed by Refinitiv had been anticipating $683 million. Nonetheless, Roblox estimated that day by day energetic customers grew 8% from June to July, and bookings grew 10% to 11% in that very same interval.

Stanley Black & Decker — Shares of the software maker fell about 3% in noon buying and selling after asserting Tuesday morning that it struck a take care of MTD Holdings, the out of doors energy tools supplier, to up its stake within the firm for $1.6 billion in money. Stanley Black & Decker has held a 20% stake in MTD since 2019 and can purchase the remaining 80% it does not already personal.

— with reporting from CNBC’s PIppa Stevens, Jesse Pound, Tanaya Macheel and Hannah Miao.