Peloton, Under Armour, Monster Beverage and more

A Peloton exercise bike is seen after ringing the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, US, September 26, 2019.

Shannon Stapleton | Reuters

Check out the companies making headlines during Friday afternoon trading.

Peloton – Shares of Peloton fell more than 6% after The Wall Street Journal reported that the home fitness company is seeking potential investors to take a 15% to 20% minority stake in it. The company struggled with post-pandemic demand, in addition to branding issues, supply chain challenges and a change of CEO. He will report the quarterly results next week.

Monster Beverage — Shares rose 4% after Monster Beverage’s first-quarter sales surpassed Wall Street estimates. Monster reported revenue of $1.52 billion versus $1.43 billion expected, according to StreetAccount. Earnings per share for the first quarter were slightly weaker than expected.

Cigna — Shares rose more than 4% after the insurance company’s quarterly results beat expectations. Cigna reported earnings of $6.01 per share, compared to $5.18 forecast by analysts polled by Refinitiv. The insurance company reported revenue of $44.1 billion, compared with consensus estimates of $43.4 billion. Cigna reported growth in its pharmacy benefits management business.

NRG Energy — Shares rose more than 5% after the company released its latest quarterly earnings. NRG Energy reported quarterly earnings of $7.17 per share on revenue of $7.9 billion. However, it was not clear whether those numbers were comparable to FactSet’s estimates.

Under Armor — Shares of the sneaker and apparel company fell 21.2% after Under Armor reported an unexpected loss and shared earnings that fell below analysts’ estimates as it tries to overcome global supply chain problems. Under Armor also released a disappointing 2023 fiscal year outlook.

Illumina – Shares plunged 13% despite the biotech company reporting better-than-expected results for the previous quarter. Illumina reported quarterly earnings of $1.07 per share on revenue of $1.223 billion. Analysts polled by StreetAccount expected earnings of 90 cents per share on revenue of $1.219 billion.

News Corporation — Shares of the media company plunged 12% after the release of quarterly results that were broadly in line with expectations. News Corporation reported quarterly earnings of 16 cents per share on revenue of $2.5 billion. Analysts expected earnings of 15 cents a share on revenue of $2.5 billion, according to consensus estimates from StreetAccount.

DraftKings – Shares were down more than 5%, returning a gain from earlier in the day. DraftKings reported a loss of $1.10 per share on revenue of $417 million. Analysts polled by Refinitiv expected a loss of $1.15 per share on revenue of $412 million. DraftKings also raised its full-year revenue forecast in its quarterly report.

– CNBC’s Tanaya Macheel, Hannah Miao and Samantha Subin reported.

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