Check out the companies making headlines in midday trading: Nvidia — The chipmaker fell nearly 2%, reversing earlier gains after it reported fiscal third-quarter results that were well above expectations. Nvidia’s fourth-quarter revenue guidance was also stronger than analysts anticipated. As Nvida’s stock faltered a number of other AI trades fell as well including Palantir Technologies , which fell nearly 6%, which AMD and Super Micro Computer each slipped about 5%. Exact Sciences — The maker of Cologuard diagnostic tests to detect colorectal cancer jumped 17% after Abbott Laboratories agreed to a $105-per-share cash buyout valued at some $21 billion. The deal is expected to close in the second quarter of 2026. Abbott edged down 1%. Crypto stocks — With bitcoin’s value continuing to tumble on Thursday along with rate-cut hopes, stocks tied to the cryptocurrency fell. Bitcoin treasury company Strategy was down nearly7%, while trading platform Robinhood Markets dropped about 9% and Coinbase fell 7%. Stablecoin company Circle Internet slipped nealry 6%. Regeneron — The pharmaceutical company’s stock popped 4% after the Food and Drug Administration said it approved Eylea HD to treat macular edema after a retinal vein occlusion. Walmart — The retail giant rose almost 6% better-than-expected results for the third quarter. Walmart earned an adjusted 62 cents per share on revenue of $179.5 billion . Analysts expected a profit of 60 cents per share on revenue of $177.43 billion. The company also hiked its full-year sales outlook. Palo Alto Networks — The cybersecurity stock fell more than 6% after the company announced it will acquire cloud management company Chronosphere for $3.35 billion . This overshadowed Palo Alto Networks’ better-than-expected results for the fiscal first quarter. Oddity — Shares of the beauty and wellness company rallied 11% on third-quarter figures that beat analyst expectations. Oddity earned 40 cents per share, excluding certain items, on revenue of $148 million. Analysts polled by LSEG expected a profit of 35 cents per share on revenue of $145 million. The company also raised its full-year earnings outlook. Jacobs Solutions — The engineering and construction services company fell 9% despite fiscal fourth-quarter earnings that beat the Street. Jacobs Solutions earned $1.75 per share, excluding certain items, while analysts polled by FactSet expected a profit of $1.68 per share. The company’s forecast for fiscal 2026 also topped estimates. Solventum — Shares of the health-care company rose 4% after it said it would acquire Acera Surgical for $725 million in cash. The deal moves Solventum into the regenerative wound care market. Bath & Body Works — The American retailer of soaps and lotions tumbled more than 25% after posting disappointing third-quarter results. Earnings of 35 cents per share, on an adjusted basis, fell short of the 39 cents per-share earnings expected by analysts, according to FactSet. Revenue of $1.59 billion came in below the $1.63 billion consensus estimate. —CNBC’s Fred Imbert and Sarah Min contributed to this report.
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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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