Check out the companies making headlines midday Tuesday:
Walgreens – Shares of Walgreens dropped 12.8 percent after the drugstore chain reported lower-than-expected second-quarter earnings and reduced its full-year earnings forecast for 2019. Walgreens reported earnings of $ 1.64 per share, 8 cents lower than expected, and revenues of $ 34.528 billion, $ 27 million below estimates. ] Dow Inc – Dow stock climbed 5.1 percent after replacing DowDuPoint on the Dow Jones industrial average, completing a spin-off previously announced. Dow received a number of purchases following the split, including from Credit Suisse, BMO Capital Markets and Deutsche Bank.
Facebook – Shares of the tech giant rose 3.3 percent following Deutsche Bank's call that Facebook's Instagram platform could "add an incremental $ 10 [billion] of revenue in 2021 "thanks to the new e-commerce checkout feature. Facebook gift instantly view and purchase offerings directly from 23 top brands in the US, all within the app.
MongoDB – Shares of cloud service MongoDB dropped 2.2 percent following a report that a company database, run by the Indian government, leaked personal data of 12.5 million pregnant women in India
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