Stocks making the biggest moves midday: GNRC, SHAK, MSFT, META


Check out the companies making the biggest moves midday: Generac — The generator company gained 8% after Bank of America raised its price target on the stock, highlighting the company’s entry into data centers . Baxter International — Shares fell around 20% after the health-care company reported weaker-than-expected results for the second quarter. Baxter reported adjusted earnings of 59 cents per share on revenue of $2.81 billion. Analysts polled by FactSet had forecast a profit of 61 cents per share on revenue of $2.82 billion. On top of that, Baxter lowered its full-year earnings guidance. Integra LifeSciences — The medical technology company popped 11% following its beat on the top and bottom lines for the second quarter. Revenue was $415.6 million, above the $395 million expected from analysts polled by FactSet. Adjusted earnings came in at 45 cents per share, 1 cent per share higher than the consensus estimate. C.H. Robinson — The transportation stock jumped 17% after the company posted second-quarter adjusted earnings of $1.29 per share, beating the FactSet estimate of $1.16 per share. On Thursday, Baird upgraded the stock to an outperform rating from neutral. Xerox — Shares plunged 20%. For the second quarter, the digital printing company posted an adjusted operating margin of 3.7%, reflecting a 170 basis-point decline from the-year ago period. Xerox also posted an adjusted loss of 64 cents per share, a result that was not immediately comparable to FactSet consensus estimates. Paramount — The media giant fell 8% as shareholders vote “to elect the form of consideration they wish to receive with respect to their shares of Paramount common stock” ahead of the Skydance merger completion. CVS Health — The stock gained almost 2% after the drugstore chain reported a top- and bottom-line beat for its second quarter. The company also boosted its adjusted profit outlook, now expecting a range of $6.30 to $6.40 per share for fiscal 2025, up from previous guidance of $6 to $6.20 per share. Comcast — The telecommunications giant added 2% after posting second-quarter adjusted earnings of $1.25 per share on revenue of $30.31 billion. Analysts polled by LSEG expected Comcast to earn $1.18 a share on revenue of $29.81 billion. Norwegian Cruise Line Holdings — The cruise stock rallied roughly 9% following mixed second-quarter results. Adjusted earnings of 51 cents per share were in line with expectations, while revenue of $2.52 billion fell short of FactSet’s consensus estimate of $2.56 billion. Norwegian reiterated its full-year guidance, citing strong demand. Meta Platforms — The Facebook parent jumped nearly 12% on the back of its second-quarter revenue beat and third-quarter outlook. Meta now anticipates revenue between $47.5 billion and $50.5 billion for the third quarter, ahead of analysts’ expectations of $46.14 billion, per LSEG. Microsoft — Shares jumped 4% following the tech giant’s beat on both the top and bottom lines . Its fiscal fourth-quarter earnings were $3.65 per share, versus the $3.37 per share expected by analysts in a LSEG poll. Revenue was $76.44 billion, an 18% increase from a year earlier and above the $73.81 billion consensus estimate. CoreWeave — Shares of the AI cloud computing stock rallied 14% on the back of an upgrade from Citi to buy from neutral. The firm said Microsoft’s strong quarterly figures signal AI demand remains strong, which should boost CoreWeave long term. Microsoft is a client of CoreWeave. Western Digital — The stock gained 9% after the storage company reported adjusted earnings of $1.66 per share, topping the $1.48 per share expected by analysts polled by LSEG. Revenue of $2.61 billion beat the consensus estimate of $2.47 billion. Anheuser-Busch InBev — U.S.-listed shares of the brewer sank nearly 12%. The company reported a decline in second-quarter volumes that was worse than feared. Cigna — The health-care stock fell 6% despite the company’s second-quarter results beating expectations. Cigna earned $7.20 per share, excluding items, on revenue of $67.18 billion, and outpaced the LSEG consensus estimate of $7.15 per share in profits on revenue of $62.46 billion. Bristol Myers Squibb — The pharmaceutical stock dropped about 4%. The company’s second-quarter adjusted earnings came in at $1.46 per share on revenue of $12.27 billion. Analysts polled by LSEG were expecting earnings per share of $1.07 on revenue of $11.38 billion. Shake Shack — Shares slid 12% after the burger chain gave weaker-than-anticipated revenue guidance for the current quarter. Shake Shack said to expect between $358 million and $364 million, while analysts polled by FactSet estimated $364.8 million. Biogen — The stock moved almost 2% higher following the company’s…



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Align Technology IncAnheuser-Busch Inbev SAArm Holdings PLCBaxter International IncBiggestBiogen IncBreaking News: MarketsBristol Myers Squibb Co.businessbusiness newsCarvana CoCH Robinson Worldwide IncCigna GroupComcast CorpCoreWeave IncCVS Health Corp.eBay IncEconomyFerrari NVGenerac Holdings IncGNRCIntegra LifeSciences Holdings CorpMakingMarket InsiderMarketsMetaMeta Platforms IncMicrosoft CorpMiddayMovesMSFTNorwegian Cruise Line Holdings LtdParamount GlobalQualcomm Incregwall-marketmoversRoblox CorpSHAKShake Shack IncStock marketsStocksWestern Digital CorpXerox Holdings Corp
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