Pedestrians pass in front of a GAP store in New York.
Scott Mlyn | CNBC
Check out the companies that are making headlines in dinner trading on Friday.
American Express – Shares of the payment firm fell 1.1% despite American Express topping earnings expectations for the first quarter. American Express reported a profit of $ 2.73 per share. share, against Refinitive’s consensus estimate of $ 2.44 per share. Earnings got a boost from consumption by millennials and Gen-X consumers, the company said.
Verizon Communications – Shares of Verizon fell 6.1% after the company reported a loss of 36,000 monthly phone subscribers during the first quarter, compared to a FactSet estimate of a loss of 49,300. Verizon also had earnings and revenue for the quarter that were in line with Wall Street forecasts.
HCA Healthcare, Universal Health Services, Intuitive Surgical – The healthcare sector was under pressure on Friday, with HCA Healthcare as its biggest laggard after reporting disappointing full-year earnings and revenue guidance. HCA fell 19%, Universal Health Services fell 13%, and Intuitive Surgical fell about 13%.
SVB Financial Group – The shares of the regional bank rose more than 11% after the company reported strong earnings. SVB Financial Group earned an adjusted $ 6.22 per share compared to a consensus estimate of $ 5.60 from FactSet. The company’s net interest income also beat expectations.
Kimberly-Clark Corporation – Shares of the consumer product business rose nearly 9% after Kimberly-Clark exceeded earnings expectations. The company earned $ 1.35 per share in its most recent quarter, against consensus estimates of $ 1.23 per share from Refinitiv. Kimberly-Clark also raised its year-round organic sales forecast.
Schlumberger – Shares rose more than 3% after oilfield services maker beat earnings expectations. Schlumberger earned 34 cents a share, against analysts’ expectations of 33 cents a share. Schlumberger also raised its dividend by 40 percent.
Gap – Shares of the retailer fell about 20% after Gap announced that the CEO of its Old Navy business, Nancy Green, is leaving the company this week. Gap also reduced its outlook for revenue growth this fiscal year.
– CNBC’s Tanaya Macheel contributed reporting.