Check out the companies that made headlines in midday trading: VF Corporation – Shares jumped more than 27%. Parents North Face and JanSport's quarterly results beat Wall Street expectations for the fiscal second quarter. VF reported adjusted earnings of 60 cents per share on revenue of $2.76 billion. That's higher than the 37 cents per share in earnings and $2.71 billion in revenue that analysts surveyed by LSEG had expected. Cadence Design Systems – Shares in the electronic design company rose more than 12% after better-than-expected third-quarter results. Cadence reported adjusted earnings of $1.64 per share on revenue of $1.22 billion, while analysts surveyed by LSEG sought earnings of $1.44 per share on revenue of $1.18 billion. The company also raised the midpoint of its full-year non-GAAP earnings per share forecast. F5 – Cloud services stock advanced 11%. F5 reported adjusted earnings of $3.67 per share and revenue of $747 million in its fiscal fourth quarter. The results beat Street expectations of $3.45 in earnings per share and $731 million in revenue, per LSEG. BP – US-traded stocks fell about 5%. The British oil company reported its weakest quarterly results since 2020. BP reported core replacement cost earnings of $2.3 billion in the third quarter, reflecting a decline from $3.3 billion in the same period last year. Pfizer – The vaccine maker fell 1.3% despite beating Wall Street's top and bottom estimates in the third quarter. Pfizer now expects full-year adjusted earnings to be between $2.75 to $2.95 per share, compared to a previous forecast that called for $2.45 to $2.65 per share. Boot Barn – Shares in the clothing retailer fell more than 19% after fiscal second-quarter earnings of 95 cents per share missed Wall Street estimates. The company also said CEO Jim Conroy will step down effective November 22. To fall by 3% to 7%, while analysts polled by LSEG expected a decline of 1.4%. Trex – Deck materials maker advanced 6% on stronger-than-expected third-quarter results. Trex reported adjusted earnings of 37 cents per share on revenue of $233.7 million, while analysts surveyed by FactSet expected earnings of 32 cents per share on revenue of $225.4 million. Xerox – The printer maker fell nearly 18% after third-quarter results beat Street expectations in both top and bottom lines. The company also trimmed its full-year free cash flow guidance. Xerox said it expects a 10% decline in full-year revenue. Crocs – The footwear stock fell nearly 19% after fourth-quarter forecasts beat analysts' expectations. Crocs expects adjusted earnings of $2.20 to $2.28 per share in the fourth quarter, while analysts polled by FactSet expected $2.72 per share. PayPal – Shares fell about 4% after the payments company provided lower-than-expected guidance for the fourth quarter, calling for “low single-digit growth” for the period. PayPal beat earnings expectations for the third quarter, but missed revenue slightly. Dr. Horton's – Shares fell 7% after the homebuilder reported earnings of $3.92 per share on revenue of $10.0 billion. That was below LSEG's consensus estimate of $4.17 for EPS on revenue of $10.22 billion. The company said price fluctuations may keep some buyers on the sidelines in the near term. Corning – Shares added about 7% after the specialty glass company issued an upbeat forecast for fourth-quarter earnings and revenue. Corning now expects core earnings per share to be in the range of 53 cents to 57 cents, while analysts polled by FactSet expected 52 cents. The company also expects underlying revenue to be about $3.75 billion in the current quarter, compared to a consensus estimate of $3.67 billion. Royal Caribbean – The cruise operator gained more than 3% after raising its full-year guidance. The company raised its full-year earnings forecast to an expected range of $11.57 to $11.62 per share, compared to the previous forecast of $11.35 to $11.45 per share. Ford Motor – Shares of the auto giant fell more than 8% after heading to the lower end of its 2024 earnings forecast. Third-quarter revenue and earnings came in above expectations. — CNBC's Pia Singh, Michelle Fox, Samantha Subin, Sean Conlon and Alex Haring contributed reporting.
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