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MARKETS LIVE BLOG:

STOCKS PARE LOSSES, TRADE MIXED AS FED CHEER WANES

FedEx shares down 14% as company's lowered outlook offers warning sign for economy

Company News for Feb 23, 2023

Zacks Equity Research
·1 min read

  • Chesapeake Energy Corp. CHK shares gained 2.1% after the company posted fourth-quarter 2022 adjusted earnings per share of $4.22, surpassing the Zacks Consensus Estimate of $2.96.    

  • Palo Alto Networks Inc.’s PANW shares soared  12.5% after reporting second-quarter fiscal 2023 adjusted earnings per share of $1.05, beating the Zacks Consensus Estimate of $0.78.

  • Shares of Realty Income Corp. O rose 0.5% after the company reported fourth-quarter 2022 revenues of $888.7 million, outpacing the Zacks Consensus Estimate of $853.3 million.

  • Shares of Diamondback Energy Inc. FANG surged 2.3% after posting fourth-quarter 2022 adjusted earnings per share of $5.29, exceeding the Zacks Consensus Estimate of $5.20.

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Chesapeake Energy Corporation (CHK) : Free Stock Analysis Report

Realty Income Corporation (O) : Free Stock Analysis Report

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Diamondback Energy, Inc. (FANG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research