People walk in front of the five-star Paris Marriott Hotel.
Fred Dufour | AFP | Getty Images
Check out the companies making headlines in midday trading.
Marriott International — Shares of the hotel chain rose more than 4% after the company provided an update on its 2021 development process. Marriott said it added more than 86,000 rooms in total, with a 3.9% increase in systems, including a 2.1% decrease in rooms. It also said it had the world’s largest development pipeline of about 485,000 rooms as of the end of the year.
Baker Hughes — Shares of the energy technology company surged nearly 5% after reporting strong quarterly earnings. Reported revenue of $5.5 billion beat FactSet estimates of $5.4 billion. Adjusted EBITDA was $844 million, compared with an estimate of $787.2 million.
travel agency — Insurance stocks soared 5% on Thursday after Voyager’s fourth-quarter earnings and revenue beat estimates. The company reported EPS of $5.20 on revenue of $8.0 billion, with net premiums up 10% year over year. Analysts polled by Refinitiv expected earnings of $3.86 a share on revenue of $7.71 billion.
Regional Finance — Shares of the bank fell more than 3% after the company reported quarterly earnings that missed estimates by 6 cents a share and revenue that matched analyst expectations.
M&T Bank — Shares in the regional bank fell about 3% after the company reported weaker-than-expected earnings in the most recent quarter. Spreads were also lower than expected, at 2.58% versus 2.67% expected.
International Flavors and Fragrances — Shares of the New York-based fragrance company rose 2.8% after CNBC’s David Farber reported on longtime activist investor Carl Icahn 4% stake in the companyIn addition, International Flavors & Fragrances named Frank Clyburn as Chief Executive Officer, effective February 14.
Casper sleep — Shares of the mattress company surged nearly 15% after Casper announced that its board had approved a takeover bid from private equity firm Durational Capital Management. The deal valued Casper at $6.90 per share.
MasterCard — Shares of the credit card giant rose about 3% after launching a virtual card solution that allows instant business-to-business payments. The news comes after more new product launches on Wednesday, including a co-branded credit card with Instacart and an NFT partnership with Coinbase.
Seal Jeweler — Shares fell more than 2 percent after the jewelry retailer said holiday sales rose 30.4 percent from a year earlier. Same-store sales also rose more than 25%, the company said.
ebay — Shares in the online marketplace rose 2.9% after the stock was upgraded to an overweight sector from KeyBanc. The company’s $200 price target implies roughly 22% upside.
—CNBC’s Jesse Pound, Hannah Miao and Yun Li contributed reporting