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.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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