Coty Inc (NYSE:COTY) led the S&P 500 Index gainers after Pierre Laubies, the new CEO, said on a conference call that he can unlock value by running the cosmetics company better given time. The company has struggled integrating the CoverGirl and Clairol brands acquired from Procter & Gamble Co (NYSE:PG).
The stock rose 32% to $9.33.
Electronic Arts Inc (NASDAQ:EA) was the best performer on the Nasdaq after the videogame company said its Apex Legends game has reached 10 million players.
The stock gained 16% to $97.60.
Henry Schein Inc (NASDAQ:HSIC) tumbled after announcing the completion of the spinoff of its animal health business. The Melville, New York, company said it plans to focus on the dental and medical markets.
Shares declined 26% to $59.15.
Goodyear Tire & Rubber Co (NYSE:GT) was the worst performer among S&P 500 companies after posting disappointing fourth-quarter results. The tire company had earnings per share of $0.51 on sales of $3.9 billion, down 5% from a year earlier. The average forecast of economists was for earnings of $0.69 on expected sales of $4.09 billion.
The stock fell 9.1% to $18.69.
Skechers USA Inc (NYSE:SKX) shares raced north after releasing fourth-quarter results that beat on profit. It posted earnings of $0.31 a share, compared with consensus estimates of $0.23. Skechers disappointed with revenue of $1.08 billion.
The stock surged 15% to $31.91.
Expedia Group Inc (NASDAQ:EXPE), the travel tech company, saw shares fly higher as profit excluding some costs was $1.24 per share, exceeding the average analyst forecast of $1.06. Revenue rose 10% to $2.56 billion. Analysts had predicted $2.54 billion.
Shares advanced 2.3% to $130.80.
Phillips 66 (NYSE:PSX) gained as the oil company reported earnings of $4.87 a share in for the latest quarter, which beat the consensus estimate of $2.76 per share. That compared with earnings of $1.07 per share a year earlier.
The shares gained 1.9% to $93.52.