JCI - Hot Stocks: Quarterly results drive AKAM JCI RVLV lower; CVS climbs

While the Federal Reserve took much of the focus during Wednesday's midday session, the release of quarterly results still represented a key catalyst for individual stocks. This included substantial post-earnings declines in Akamai (NASDAQ:AKAM), Johnson Controls (JCI) and Revolve Group (RVLV). Meanwhile, CVS Health (CVS) received buying interest after unveiling its latest financial figures. Decliners The release of financial figures triggered a mass exodus from shares of Akamai (AKAM). The stock dropped 11% in midday trading after the cloud service company missed expectations on both its top and bottom lines. AKAM also slashed its projections for the full year. The firm says it now expects a revenue total between $3.62B and $3.67B. Previously, the firm had targeted a range of $3.673B-$3.728B. Johnson Controls (JCI) also endured significant selling pressure following its quarterly results. The maker of HVAC and security equipment reported soft revenue for its latest quarter and lowered its

For further details see:

Hot Stocks: Quarterly results drive AKAM, JCI, RVLV lower; CVS climbs