Siri, CTAS, UNFI and more


A customer uses an ATM at a Wells Fargo Bank in San Bruno, California on April 14, 2023.

Justin Sullivan | getty images

Check out the companies making headlines in afternoon trading.

cintas – Shares fell 4.8% after the company reported fiscal first-quarter 2024 earnings. The corporate apparel company reported earnings of $3.70 per share on revenue of $2.34 billion, topping analysts’ consensus estimate of $3.67 per share and matching revenue forecasts, according to StreetAccount. Cintas raised its full-year guidance but the bottom line of its EPS and revenue forecasts fell short of analysts’ expectations.

pinterest – Shares of the image-sharing platform rose about 1% after HSBC initiated coverage of the stock with a buy rating. The Wall Street firm said Pinterest has “the right management team, the right product for shopping and a differentiated capital-light strategy for its entry into social commerce.”

United Natural Foods – Shares fell 24% on Tuesday after United Natural Foods beat its earnings per share estimates and adjusted EBITDA in the coming year below analysts’ estimates, citing profitability headwinds. The food company’s guidance ranges from a loss of 88 cents per share to earnings of 38 cents per share, excluding items, while analysts were calling for $1.94 per share, according to StreetAccount. The company’s fiscal fourth-quarter revenue missed analysts’ estimates of $7.47 billion.

fiskar – The electric vehicle maker climbed 15% after Bank of America initiated coverage of shares on a buy rating. The firm said the company offers pure performance in a growing market.

Wells Fargo, JP Morgan, Goldman Sachs – Bank stocks fell on Tuesday after JPMorgan Chase CEO Jamie Dimon warned that the Federal Reserve could still raise interest rates further to curb inflation, adding to overall bearish sentiment. Shares of Wells Fargo and Goldman Sachs fell 1.7% and 1.2%, respectively, while Morgan Stanley and JPMorgan both lost about 1%.

SiriusXM – Shares of the media company fell 4% after news of Liberty Media’s proposal to SiriusXM’s special committee of independent directors to combine the two corporate structures into one entity.

draftkings — DraftKings shares jumped nearly 3% after JPMorgan upgraded the sports betting stock from neutral to overweight, saying the company’s recent poor performance makes it an attractive entry point for investors.

barclays – The bank’s U.S.-listed shares rose 2.7% after Morgan Stanley upgraded Barclays from an equal weight rating to overweight, citing an improved revenue outlook and the opportunity for U.S. credit card growth.

Amazon – Shares of the e-commerce giant fell 2.7%. The Federal Trade Commission and 17 state attorneys general sued Amazon on Tuesday, accusing the retailer of antitrust. The lawsuit alleges that Amazon uses its “monopoly power” to raise prices and prevent rivals from competing against it.

— CNBC’s Hakyung Kim, Alex Haring, Brian Evans, Samantha Subin and Yoon Lee contributed reporting.

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