A general view of the Draft Kings sign on the right field wall during the Major League Baseball game between the Philadelphia Phillies and the Toronto Blue Jays on September 20, 2020 at Citizens Bank Park in Philadelphia, PA.
Check out the companies making headlines in midday trading.
Estee Lauder — Shares of the beauty company fell more than 7% on Monday after missing analysts’ revenue estimates for the first quarter. Estee Lauder reported earnings per share of $1.62 on revenue of $3.86 billion. Wall Street expected earnings per share of $1.32 on revenue of $3.94 billion, according to Refinitiv.
DraftKings — The sports betting stock rose about 1% on Monday following an upgrade to outperform from market perform by Cowen.
The investment firm said in a note to clients that the stock’s recent slide represented a buying opportunity, considering the improving outlook for sports betting and DraftKings’ market share.
Berkshire Hathaway — Berkshire shares added 1.8% and hit a record in intraday trading...read more...