See which companies made headlines in midday trading. Dollar General — Shares of the discount retailer fell about 32% after the company lowered its full-year sales and earnings guidance. Dollar General CEO Todd Vasos said the weaker sales trends were partly due to a core customer feeling “financially constrained.” The retailer also reported disappointing results for its fiscal second quarter. Shares of rival Dollar Tree fell more than 10% in sympathy. Affirm — Shares rose about 32% on the buy-now, pay-later company’s stronger-than-expected revenue outlook for its fiscal first quarter. Affirm expects revenue for the period to be between $640 million and $670 million, above the $625 million expected by analysts surveyed by LSEG. Best Buy — Shares jumped about 14%. Best Buy raised its earnings forecast for the fiscal year. The company now expects adjusted earnings to range from $6.10 to $6.35 per share. That’s above the previous range of $5.75 to $6.20 per share. The fiscal second-quarter results were also better than expected. Nutanix — The stock rose more than 20% after the cloud infrastructure company beat its fiscal fourth-quarter earnings and revenue. Nuatanix earned 27 cents per share on $548 million in revenue. Analysts were expecting earnings of 20 cents per share on $537 million in revenue, per LSEG. Okta — Shares of the secure identity cloud platform fell more than 17%. Okta’s billings came in at $651 million, below analysts’ consensus estimates of $679 million, according to StreetAccount. Bank of America downgraded the stock twice to underperform from buy on Okta’s financial results. Birkenstock — The sandal company fell more than 16%. Birkenstock reaffirmed its full-year revenue guidance, expecting growth of about 19%. However, adjusted earnings for the fiscal third quarter came in below street expectations. Pure Storage — Shares of the data storage company fell 15.8%. Pure Storage issued operating income guidance for the third quarter that fell short of analysts’ estimates. For the current period, Pure Storage expects operating income to come in at $140 million, while analysts polled by FactSet had estimated $148.1 million. Nvidia — Shares fell more than 6% despite the chip giant beating street expectations for its fiscal second quarter. Nvidia reported adjusted earnings of 68 cents per share on $30.04 billion in revenue. Analysts polled by LSEG expected 64 cents per share on revenue of $28.7 billion. However, the AI company’s favorite third-quarter revenue forecast fell short of investors’ lofty expectations. Veeva Systems — The cloud computing company rose nearly 9% after its fiscal second-quarter earnings and revenue beat street expectations. Veeva reported adjusted earnings of $1.62 per share on $676.2 million in revenue. Analysts were expecting $1.53 per share on revenue of $667.8 million, according to FactSet. Crowdstrike — Shares rose about 3% after the cybersecurity company posted stronger-than-expected earnings and revenue for the fourth quarter. However, Crowdstrike lowered its full-year outlook in the wake of last month’s global power outage. HP Inc. — Shares of HP rose 2%. Revenue for the fiscal third quarter came in better than expected at $13.52 billion, beating the consensus estimate of $13.38 billion, per LSEG. Adjusted earnings of 83 cents per share missed the target, with analysts calling for 86 cents per share. Victoria’s Secret — Shares of the lingerie company fell 3.7%. Although the company raised its full-year outlook, it still expects a 1% year-over-year decline in net sales. Previous forecasts had forecast a “low single-digit” decline, and analysts surveyed by LSEG had estimated a 2.8% decline. — CNBC’s Samantha Sobin, Yun Lee, Pia Singh and Hakyung Kim contributed to the report.
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