See the companies making headlines in midday trading: JetBlue — Shares of the airline rose nearly 20% after reporting second-quarter earnings that beat analysts’ expectations. The New York City-based carrier reported adjusted earnings of 8 cents per share, excluding one-time items, compared with analysts’ estimated loss of 11 cents per share, according to LSEG. Revenue came in at $2.43 billion, also above analysts’ estimates of $2.4 billion. Sprouts — Shares rose about 15%, hitting a 52-week high, after the food retailer’s latest earnings of 94 cents per share on revenue of $1.89 billion beat analysts’ consensus estimates of 78 cents per share on revenue of $1.84 billion, according to LSEG. The Phoenix-based grocery chain also raised its full-year earnings guidance, forecasting revenue to rise between 9% and 10%, compared with analysts’ consensus estimates of 8.2% growth. Varonis Systems Inc. — The data security stock surged 13% after reporting better-than-expected second-quarter results. Varonis reported adjusted earnings of 5 cents per share, better than the expected loss of 2 cents per share, according to analysts surveyed by FactSet. Revenue also beat expectations at $130.3 million, compared with the consensus estimate of $124.8 million. Varonis also issued stronger-than-expected guidance for the current quarter. F5 Inc. — Shares rose about 10%, hitting a 52-week high, after the software company’s fiscal third-quarter earnings and revenue beat estimates. F5 reported adjusted earnings of $3.36 per share, compared to LSEG’s estimate of $2.97 per share. Revenue of $695 million was above the $686 million analysts had expected. – The stock fell more than 20%, hitting a new 52-week low, after the automation company issued weak guidance for its fiscal fourth quarter. The company expects revenue between $455 million and $475 million, below the consensus estimate of $516.9 million, according to FactSet. For the fiscal third quarter, Symbotic’s revenue of $491.9 million beat the consensus estimate of $464.6 million. – The aerospace and industrials stock fell more than 16% after revenue came in weaker than Wall Street had expected for its fiscal third quarter. Woodward reported revenue of $847.7 million, below the FactSet consensus estimate of $853.3 million. – Semiconductor packaging stock fell 13% after delivering disappointing third-quarter forecasts. Amkor expects earnings per share between 42 cents and 56 cents, while analysts surveyed by FactSet expected 64 cents. Lattice Semiconductor – Shares fell 8.5% after its second-quarter earnings and current-quarter revenue guidance missed expectations. Lattice earned 23 cents per share, excluding items, on $124 million in revenue in the second quarter, while analysts surveyed by LSEG expected 24 cents and $130 million, respectively. Elsewhere, Bank of America downgraded Lattice to underperform from neutral, citing weaker growth prospects and poor visibility. CrowdStrike — Shares fell 10% after CNBC reported that Delta Air Lines has hired legal counsel to seek compensation for a CrowdStrike and Microsoft network outage that led to thousands of flights being canceled earlier this month. Microsoft shares fell 1%. Merck — The stock fell more than 10% after the New Jersey-based drugmaker’s full-year guidance came in weaker than expected. Merck expects full-year earnings of $7.94 to $8.04 per share, below the FactSet consensus estimate of $8.16 per share. Howmet Aerospace — The aircraft maker rose 14% after its second-quarter earnings and revenue beat Wall Street estimates. Howmet earned 67 cents per share on revenue of $1.88 billion, above the 60 cents per share on revenue of $1.83 billion that analysts polled by FactSet had expected. Howmet also increased its quarterly dividend to 8 cents a share from 5 cents, due Aug. 26. Corning — The maker of glass cables and optical fibers fell about 9% after the company gave third-quarter guidance that either missed or met analysts’ expectations, according to FactSet. Its second-quarter earnings came in slightly above expectations. Corning, which makes Gorilla Glass used in iPhones, reported earnings of 47 cents a share on revenue of $3.6 billion. Analysts surveyed by LSEG had expected 46 cents a share on $3.55 billion in revenue. PayPal — Shares rose more than 7%. The payments company reported adjusted second-quarter earnings of $1.19 a share, excluding items, above the 99 cents a share expected by analysts surveyed by LSEG. The company also raised its full-year earnings guidance. Procter & Gamble — The Ivory Coast-based soap maker fell about 6% after the Cincinnati-based company reported weaker-than-expected second-quarter revenue. P&G reported revenue of $20.53 billion, below the $20.74 billion that LSEG analysts had forecast. Earnings, however, beat expectations, with the company posting adjusted earnings of $1.40 per share compared to the $1.37 per share forecast by analysts surveyed by LSEG. Zebra Technologies — The stock rose 5% after second-quarter earnings beat analysts’ estimates. The maker of computer-based tracking and printing technology reported earnings of $3.18 per share, excluding items, on revenue of $1.22 billion. Analysts were expecting $2.80 per share on $1.18 billion in revenue for the period, according to StreetAccount. Zebra also raised its full-year guidance. Stanley Black & Decker — The toolmaker rose more than 7% after second-quarter earnings of $1.09 a share, excluding items, beat Wall Street estimates of 84 cents a share, according to analysts surveyed by FactSet. Revenue for the period matched estimates. The Connecticut-based company also updated its full-year earnings guidance to between $3.70 and $4.50 a share, raising the low end of the forecast from a previous range of $3.50 to $4.50 a share. — CNBC’s Alex Haring, Samantha Sobin, Lisa Kaylai Han and Hakyung Kim contributed to the report.
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