See the companies making headlines in midday trading: Dollar Tree — Shares fell more than 22% after the discount retailer lowered its full-year outlook for net sales and adjusted earnings per share. Dollar Tree cited increased pressure on middle- and upper-income customers. Jetlab — The software developer’s stock rose more than 21% on a strong third-quarter earnings outlook. The company expects earnings per share of 15 cents to 16 cents for the period, above the 11 cents forecast by analysts surveyed by LSEG. Jetlab’s full-year sales forecast also came in above expectations. Zscaler — The stock lost more than 18% after the cloud security company’s fiscal first-quarter earnings outlook came in weaker than expected. Zscaler expects to earn between 62 cents and 63 cents per share, below the 73 cents per share analysts had estimated, per LSEG. The company also expects to earn between $2.81 and $2.87 per share for the full year. That’s below analysts’ estimates of $3.33 per share. AST SpaceMobile — Shares rose about 12.5% after the company said it plans to launch its first five commercial satellites, called BlueBird, on or after Sept. 12 from Cape Canaveral, Florida. AST SpaceMobile also said the satellites will be deployed in low orbit and provide cellular broadband service to billions of people around the world. Asana — Shares fell more than 5% on weaker-than-expected third-quarter and full-year forecasts. Asana expects third-quarter sales to be between $180 million and $181 million, while analysts were expecting $182 million, according to LSEG. For the full year, the company expects between $719 million and $721 million in revenue, below the consensus estimate of $723 million. Dick's Sporting Goods — The sporting goods company's stock fell about 5% on tepid guidance for the full year. The retailer expects to earn between $13.55 and $13.90 per share. Analysts polled by FactSet, meanwhile, had estimated earnings per share of $13.80. Hormel Foods — Shares fell more than 6% after the packaged food company reported weaker-than-expected fiscal third-quarter revenue and lowered its full-year outlook. Hormel reported $2.9 billion in revenue for the period, below the $2.95 billion analysts had expected, per FactSet. Sweetgreen — Shares of the fast-casual food chain rose about 2% after TD Cowen upgraded the company to buy from hold. As a catalyst, analyst Andrew Charles pointed to Sweetgreen's introduction of its Infinite Kitchens, or automated kitchens, as a catalyst. ASML — Shares fell about 4% after UBS downgraded the company to neutral from buy. The company expects earnings growth to slow to the mid-teens from 2026 onward, citing a “plateau in lithography density” and a normalization in demand. AMD — The chip stock advanced about 3%, recovering from losses in the previous session. AMD shares suffered a sharp selloff in semiconductors on Tuesday, falling 7.8%. — CNBC’s Lisa Kaylai Han and Michelle Fox contributed to the report.
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