See the companies making headlines in midday trading: Kava Group — Shares of the fast-casual restaurant chain surged 19.6% on stronger-than-expected quarterly results. Kava reported earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That beat LSEG’s estimate of 13 cents per share on revenue of $220 million. Intuit — Shares of the financial software company fell 6.8% after its current-quarter outlook missed Wall Street estimates, overshadowing its top- and bottom-line beat in the fiscal fourth quarter. Intuit now expects adjusted earnings in the range of $2.33 to $2.38 per share, while analysts polled by FactSet expected $2.78 per share. Warby Parker — The eyewear retailer gained 11.9% after being upgraded to market perform from market perform at JMP Securities. Analyst Nicholas Jones cited extremely low consensus estimates against Warby’s “flat market share dynamics” as a catalyst. Las Vegas Sands — Shares of the casino and resort company fell 1.1% after UBS downgraded the stock to neutral from buy. The investment bank cited ongoing challenges in the Macau sector’s recovery. Bell.com — The financial software stock fell 6.7% despite a stronger-than-expected report for the company’s fiscal fourth quarter. Goldman Sachs downgraded the stock to neutral from buy after the report, citing Bell.com’s revenue guidance and internal investments. For the quarter, Bell.com reported 57 cents in adjusted earnings per share on $344 million in revenue. Analysts polled by LSEG were looking for 46 cents per share on $328 million in revenue. Ross Stores — The discount retailer’s stock added 1.8% after the company beat earnings estimates by 9 cents per share in the second quarter. Ross met estimates for revenue of $5.25 billion, according to LSEG. Workday — Shares of the enterprise cloud management company rose 12.5% after beating Wall Street estimates for its fiscal fourth quarter. Workday reported adjusted earnings per share of $1.75 on $2.09 billion in revenue, while analysts surveyed by LSEG expected adjusted earnings per share of $1.65 on $2.07 billion in revenue. Tech players — Nvidia and Tesla added more than 4.5% after Federal Reserve Chairman Jerome Powell’s upbeat comments on future interest rate cuts. Investors are hoping that lower interest rates will help lift the group. The VanEck Semiconductor ETF (SMH) advanced more than 1%. Chewy — Shares of the pet retailer added 1.4% after being upgraded to overweight from neutral at Piper Sandler. The company said it expects the stock to rise on gross margin expansion and gains in automation and efficiency. CNBC's Hakyung Kim, Jesse Pound, Brian Evans, Samantha Sobin, Lisa Kaylai Han and Michelle Fox contributed to this report.
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