Check out the businesses making headlines in noon buying and selling.

Seagate Technology — Shares of the information storage firm surged greater than 10% a day after Seagate posted beats on the highest and backside line for its fiscal second quarter. Seagate reported earnings of 16 cents per share on income of $1.89 billion. Analysts known as for earnings of 10 cents per share on $1.83 billion in income, based on Refinitiv.

Chevron – Shares of the vitality big popped 4% a day after the corporate introduced a $75 billion buyback and mentioned that it will enhance its dividend payout.

Tesla — Shares of the electrical car firm soared more than 8% a day after Tesla posted quarterly outcomes that had been higher than anticipated. The company beat analysts’ expectations on the highest and backside traces, based on Refinitiv.

Albemarle — Shares gained 2.6% after Piper Sandler initiated coverage of the inventory at chubby, calling the inventory a “lithium pure play on a going forward basis.”

United Rentals — The tools rental firm’s shares jumped 7% a day after it posted its newest quarterly outcomes. Though United Rentals missed analysts’ expectations for per-share earnings, it was in-line with Wall Street’s forecasts for income, per FactSet. The firm forecasted 2023 income to vary between $13.7 billion and $14.2 billion, surpassing analysts’ estimates, based on FactSet.

EVgo — The electrical charging firm slid 2.6% following a downgrade by JPMorgan to impartial from chubby. The agency cited slower progress and better capital depth than it beforehand anticipated.

Steel Dynamics — The metal producer’s inventory gained 9.5% after the corporate introduced its fourth-quarter earnings. The firm posted adjusted earnings of $4.37 per diluted share, in comparison with the $3.76 analysts forecasted, based on FactSet. Steel Dynamics additionally beat expectations for income.

ViaSat — The satellite tv for pc firm tumbled 8% following William Blair’s downgrade to market carry out from outperform. William Blair mentioned the corporate sees a extra balanced risk-reward ratio for the inventory following its outperformance to date in 2023.

Mobileye — The autonomous driving tech firm noticed its shares soar 2.5% after posting earnings and income that beat analysts’ expectations. Mobileye posted adjusted earnings of 27 cents per share on $565 million in income for the fourth quarter. Analysts forecasted earnings of 17 cents per share on $530.2 million in income, based on FactSet.

Peloton — The digital exercise firm added 1% after Bank of America reiterated the stock as a buy forward of its earnings report subsequent week. The agency mentioned it expects modest upside on subscription and churn numbers and is hoping the corporate says it is getting nearer to having optimistic money flows by 2024.

Las Vegas Sands — Shares of the lodge and on line casino firm jumped greater than 6% regardless of a weaker-than-expected fourth quarter. Las Vegas Sands reported an adjusted lack of 19 cents per share on $1.12 billion of income. Analysts surveyed by Refinitiv had been anticipating a lack of 9 cents per share on $1.18 billion of income. However, administration struck a optimistic tone in regards to the outlook in Asia, particularly Macao, for 2023 as China lifts journey restrictions.

AT&T — The telecom inventory dipped greater than 2% on Thursday, giving again a few of its post-earnings pop. The inventory rose roughly 6.6% on Wednesday after reporting extra wi-fi subscribers than anticipated for the fourth quarter.

Sherwin-Williams — Shares of the paintmaker slid greater than 8% after reporting fourth quarter gross sales got here in lighter than anticipated. Sherwin-Williams earned an adjusted $1.89 per share final quarter, topping estimates by 2 cents, based on Refinitiv. But the $5.23 billion in income was beneath expectations of $5.26 billion. Guidance for gross sales and earnings was additionally lighter than anticipated as the corporate warned of restricted visibility within the again half of 2023.

IBM — Shares of IBM slipped 4.9% after the corporate reported quarterly earnings on Wednesday. The computing firm additionally mentioned it’s going to minimize 3,900 jobs, signaling potential weak spot forward. It additionally mentioned it expects income progress on the low finish of its mid-single-digit mannequin in 2023.

Southwest Airlines — Shares of Southwest Airlines fell 4.7% after the corporate reported a $220 million net loss in the fourth quarter, partly as a result of vacation debacle when it cancelled 16,700 flights. That price the corporate hundreds of thousands in income.

Pfizer — Pfizer shares dipped 1.7% after UBS downgraded the pharma stock to impartial from a purchase ranking. The agency mentioned estimates stay too excessive for the corporate’s Covid section.

Levi Strauss — Levi Strauss shares gained 5.9% after the denim maker beat Wall Street’s estimates and shared optimistic gross sales steering for the brand new fiscal yr.

Tractor Supply — Shares gained greater than 5% after the corporate reported fourth-quarter earnings and income earlier than the bell that beat expectations. Tractor Supply’s EPS got here in at $2.43 versus analysts’ estimate of $2.35 per share, based on Refinitiv.

— CNBC’s Michelle Fox, Alex Harring, Jesse Pound, Carmen Reinicke, Samantha Subin and Darla Mercado contributed reporting.