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Midday movers: Procter & Gamble, HCA Healthcare, Regions Financial and more

Published 04/21/2023, 01:46 PM
Updated 04/21/2023, 02:05 PM
© Reuters.

By Liz Moyer -- Stocks were muted on Friday after a wave of mixed earnings reports. Here are the market movers for April 21.

  • Procter & Gamble Company (NYSE:PG) shares rose 3.6% after the consumer product giant beat expectations for revenue and profit in the fiscal third quarter and raised its forecast for organic sales growth in 2023, boosted by higher prices.
  • HCA Healthcare (NYSE:HCA) shares rose 5.1% and reached a new 52-week high after the hospital operator beat expectations for earnings and revenue and raised its guidance for the full year.
  • Regions Financial Corporation (NYSE:RF) shares fell 3% after the bank missed profit estimates after setting aside more money for possible loan losses down the road. It said deposits remained stable in March, when the banking system was rocked by the collapse of Silicon Valley Bank and Signature Bank.
  • CSX Corporation (NASDAQ:CSX) shares rose 3.4% after the railroad operator beat expectations for the recent quarter, citing volume growth in merchandise and coal, higher fuel surcharges, and pricing gains.
  • Freeport-McMoran Copper & Gold Inc (NYSE:FCX) shares fell 4.5% after the mining company beat on earnings and revenue expectations but produced less than the year-ago period.

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