Check out the companies making the biggest moves midday: GameStop – The meme stock fell more than 28% after the video game retailer posted a dismal earnings report. Net sales of $881.8 million for the first quarter represented a 29% decline from the prior year. The company also said it would sell additional inventory. The “Roaring Kitty” meme stock trader is set to go live at noon ET, which could move the stock further. Vail Resorts – Shares fell 12% after disappointing quarterly results. After Thursday's close, the ski resort owner said it earned $9.54 per share on revenue of $1.28 billion, below LSEG consensus estimates of $9.97 per share of earnings on revenue of $1.30 billion. Oddity Tech – Shares rose 23% after the beauty and wellness company's board of directors approved a stock buyback program worth $150 million of the company's Class A common stock. The company also raised its second-quarter earnings forecast. Semtech – The stock fell 18% after the semiconductor manufacturer announced that CEO Paul Bickel had left the company. Dr Hong Kyu Ho, a current member of Semtech's Board of Directors, has been appointed as his successor. Semtech said the decision came after “disagreements between the board and Mr. Bickel about how the CEO and board should work together in the best interests of shareholders.” Semtech also reaffirmed its forecast for the second quarter. DocuSign – The e-signature company fell nearly 5% despite announcing fiscal first-quarter results on Thursday that beat analysts' expectations. DocuSign also guided fiscal second-quarter revenue of between $725 million and $729 million, versus consensus estimates of $726 million, according to LSEG. In addition, the company authorized $1 billion worth of stock buybacks. Planet Labs – Stock rose 9.3% after first-quarter results beat expectations. The satellite imagery provider reported an adjusted loss of 5 cents per share on revenue of $60.4 million. Analysts had expected a loss of 7 cents per share and revenue of $60 million, according to LSEG. Geron – The biopharmaceutical company's stock rose more than 20% after the US Food and Drug Administration approved blood disorder treatment Rytelo. While analysts expected approval, it came earlier than expected, according to FactSet. Skechers – The stock rose more than 2% after an upgrade in Bank of America to buy. The bank sees an improving wholesale environment for the shoemaker. Samsara – The software maker fell 12% despite reporting higher earnings and revenue after Thursday's close. Samsara guided for second-quarter revenue of between $288 million and $290 million, beating analysts' estimates of $287 million. However, earnings are expected to be between breakeven and 1 cent per share, versus the consensus estimate of 1 cent. Braze – Shares rose 4.4% after the customer engagement platform reported a smaller-than-expected loss of 5 cents per share and beat revenue in the first quarter. Braze's guidance for the second quarter also beat analysts' expectations. Gold stocks fell – Mining companies Newmont and Freeport-McMoRan lost about 4% on the back of lower gold prices. The shares of the Precious Metals Company and Royal Gold Company also fell by 4%. — CNBC's Sean Conlon and Yun Li contributed reporting.
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