Trend toward the pace on Thursday
Peloton(column)
Shares of bike makers surged 23% as quarterly sales were better than expected, partly due to its seasonal partnership with Costco (cost).
"Our new seasonal partnership with Costco drives more bikes + units than any other third-party retail partner in the second quarter," the company said in a shareholder letter.
Peloton's operating expenses fell 25% year-on-year. The company provides a full-year guidance range for adjusted EBITDA and free cash flow.
Qualcomm(QCOM)
Qualcomm's shares fell 5% Thursday after chipmakers' quarterly revenues were better than expected, but guidance on its licensing business disappointed Wall Street.
Qualcomm (QCOM) said revenue from licensing business revenue in the second quarter was between $1.25 billion and $1.45 billion compared to analysts' expectations.
Honeywell (honor)
After months of speculation ended by the conglomerate, Honeywell's stock fell 4%, announcing it would be divided into three publicly traded companies: Honeywell Automation, Honeywell Aerospace and Advanced Materials.
The automation business will always focus on building the technology, while aerospace is dedicated to technical cockpit technology, while advanced materials cover solutions in sectors such as healthcare.