12:16 PM EDT, 05/24/2024 (MT Newswires) -- The three major US stock indexes were all up in late-morning trading on Friday as an up-and-down week comes to a close.

In company news, Intuit (INTU) reported fiscal Q3 non-GAAP earnings late Thursday of $9.88 per diluted share, up from $8.92 a year ago and above the Capital IQ consensus analyst estimate of $9.38. Revenue for the quarter was $6.74 billion, up from $6.02 a year earlier and above the consensus analyst estimate of $6.64 billion. The company said it expects fiscal Q4 non-GAAP EPS in a range of $1.80 to $1.85 on revenue of $3.06 billion to $3.10 billion. Analysts surveyed by Capital IQ expect $1.92 EPS on $3.05 billion in revenue. For the full fiscal year, Intuit raised its adjusted EPS guidance to a range of $16.79 to $16.84 from a range of $16.17 to $16.47. Analysts are calling for $16.42 EPS on $16.05 billion in revenue. Finally, for the full fiscal year, Intuit said it expects to lose around 1 million customers using the free version of TurboTax. Intuit shares were down 7.9%.

Workday (WDAY) reported fiscal Q1 non-GAAP net income late Thursday of $1.74 per diluted share, up from $1.33 a year earlier and above the Capital IQ consensus analyst estimate of $1.58. Total revenue for the quarter was $1.99, up from $1.68 billion a year earlier and above the consensus analyst estimate of $1.97 billion. The company expects fiscal Q2 subscription revenue of $1.90 billion, and it cut its fiscal year 2025 subscription-revenue guidance to a range of $7.70 billion to $7.73 billion from a range of $7.73 billion to $7.78 billion. Shares of Workday were down 13%.

Novo Nordisk's ( NVO ) diabetes drug Ozempic reduced the risk of major kidney disease events and death from cardiovascular causes in patients with type 2 diabetes and chronic kidney disease, according to a study published Friday by the New England Journal of Medicine. The results of the study, funded by NVO, showed the risk of major cardiovascular events were 18% lower and the risk of death from any cause was 20% lower among the group taking semaglutide versus placebo. Shares of NVO were about even.

Eli Lilly ( LLY ) said Friday it is investing an additional $5.3 billion into its manufacturing site in Lebanon, Indiana, bring its total investment in the site to $9 billion. The investment will boost the production of active pharmaceutical ingredients for weight-loss drug Zepbound and type 2 diabetes medicine Mounjaro, according to the drugmaker. Shares of the company were about even.

Capital One Financial ( COF ) and Walmart ( WMT ) announced Friday they have ended their card partnership for Capital One to be the exclusive issuer of Walmart ( WMT ) consumer credit cards. There are no immediate changes for cardholders, the companies said in a joint statement. Capital One shares were up 0.8%, while those of Walmart ( WMT ) were up 0.7%.

Lucid Group ( LCID ) will lay off around 400 employees, or 6% of its total workforce, as part of a restructuring plan, the company said in a Friday regulatory filing. Lucid said it expects to incur about $21 million to $25 million in charges, $23 million of which will be recognized in Q2 and the majority to be paid in Q3. The charges are related to severance payments, employee benefits, employee transition expenses and stock-based compensation, according to Lucid. Shares of the company were down 3.3%.

KKR & Co. ( KKR ) is set to gain unconditional EU antitrust approval to acquire Telecom Italia's fixed-line network in a 22-billion-euro ($23.85 billion) deal once it agrees to maintain existing commercial contracts with Telecom Italia competitors, Reuters reported Friday, citing unnamed people with direct knowledge of the matter. KKR shares were up 3.3% in midday trading.

The National Highway Traffic and Safety Administration released a letter Friday sent to Alphabet's (GOOG) Waymo unit saying it found nine more incidents related to Waymo's self-driving cars. The incidents were discovered after the NHTSA opened a probe into the company upon receiving "22 reports of unexpected driving behaviors leading to crashes and potential traffic safety law violations" in cars equipped with Waymo's fifth-generation automated driving system. Separately, Google ( GOOG ) is purchasing a minority stake worth $350 million in Indian e-commerce company Flipkart, valuing the firm at $37 billion, Reuters reported Friday, citing a source with direct knowledge of the matter. Alphabet shares were up 0.8%.

FedEx ( FDX ) has reinstated international priority inbound and outbound services to Ukraine and Israel, the company announced Friday. All Russian and Belarusian international services will remain suspended "until further notice," the company said. Shares of the company were down 0.5%.

Boeing ( BA ) announced Friday it has created an event review committee that will encourage employees to speak out about their product quality and safety concerns without fear of reprisals. The committee will be comprised of company staff, the International Association of Machinists 751 members and the Federal Aviation Administration staff. Boeing ( BA ) shares were up 0.5%.

Exxon Mobil ( XOM ) is facing more backlash to its lawsuit against climate-focused shareholder groups as Norway's oil fund has said it will vote against the re-election of independent director Jay Hooley, at the company's annual meeting of shareholders, the Financial times reported Friday. The lawsuit, aimed at blocking resolutions urging cuts to greenhouse gas emissions, has triggered fears of a broader attack on shareholder rights in the US, according to the report. Shares of the company were up 0.1%.

Price: 808.81, Change: +0.36, Percent Change: +0.04