Stocks making the biggest moves midday: Costco, Tesla, Broadcom, Gap, Samsara and more
Check out the companies making headlines in midday trading: Costco — Shares shed nearly 7% after the retail giant’s earnings for the second quarter missed Wall Street estimates. Costco reported earnings of $4.02 per share for the period, below the $4.11 per share that analysts surveyed by LSEG were expecting. Second-quarter revenue, however, topped estimates. Broadcom — The chipmaker popped 5% after posting fiscal first-quarter earnings that were above analysts’ expectations, per LSEG. Broadcom also guided for second-quarter revenue of about $14.9 billion, which is higher than the $14.76 billion Wall Street forecast. Mobileye Global — Shares of the maker of autonomous driving technology climbed more than 2% after a regulatory filing revealed Steve Cohen’s hedge fund Point72 has taken a 5% stake in the company. Cohen, a big bull on artificial intelligence, has stepped away from trading, however. Tesla — The electric vehicle company pulled back 2.5%, adding to its struggles for the week. Shares have slipped more than 13% this week. Walgreens Boots Alliance — Shares jumped 7% following the drugstore chain’ s announcement that it will be acquired by private equity firm Sycamore Partners. The firm will pay $11.45 per share in cash for Walgreens, representing about 8% upside from Thursday’s close. Hewlett Packard Enterprise — The server maker pulled back more than 16% after its second-quarter outlook missed analysts’ estimates, while its full-year earnings estimate also missed expectations. Hewlett Packard also forecast adjusted earnings in the range of $1.70 to $1.90 per share for its 2025 fiscal year, while analysts polled by LSEG were looking for $2.13 per share. Samsara — Shares declined more than 16% after the software firm forecast first-quarter guidance that was in line with analysts’ estimates. Samsara expects earnings per share in the range of 5 cents to 6 cents, on revenue of $350 million to $352 million. Analysts surveyed by LSEG were looking for 5 cents in earnings per share and revenue of $351 million. BigBear.ai — The artificial intelligence company plummeted more than 22%. BigBear.ai said it sees ” short to mid-term delays or disruptions in federal contracts ” as a result of the Trump administration’s cost-cutting efforts. Lands’ End — The apparel stock gained 3.9% after Lands’ End said its board has begun to explore strategic alternatives that could include a company sale. Gap — Shares added 11.1% after Gap reported a fourth-quarter beat on the top and bottom lines. Gap notched earnings of 54 cents per share on revenue of $4.15 billion. Analysts expected earnings of 37 cents per share and $4.07 billion in revenue. Cooper — The medical device maker dropped 7% after the company posted fiscal first-quarter revenue that missed analysts’ expectations. Cooper’s top line came in at $964.7 million, while analysts polled by FactSet looked for $978.1 million. — CNBC’s Yun Li, Lisa Kailai Han, Michelle Fox, and Sean Conlon contributed reporting. This post has been syndicated from a third-party source. View the original article here.
