Check out the companies making the biggest moves midday: Genius Sports — The sports analytics company jumped 8% after setting lofty 2028 targets at its investor day. Genius sees ” group revenue ” totaling $1.2 billion by then, along with free cash flow of $220 million. Netflix — Shares declined 5% as investors waited to see how much the leading streaming platform would bid for Warner Bros Discovery . Reuters reported Tuesday that Netflix made an offer that was mostly cash. American Eagle Outfitters — Shares rose 14% after the clothing company raised its fourth quarter outlook and reported better-than-expected earnings in the third quarter. Alexandria Real Estate Equities — The real estate investment trust dropped 8.3% after slashing its dividend by 45% . Alexandria Real Estate Equities will now pay a quarterly cash dividend of 72 cents per share, down from $1.32 a share. Marvell Technology — The stock popped 9% after the provider of data infrastructure semiconductor solutions posted third-quarter earnings of 76 cents per share excluding one-time items on revenue of $2.08 billion, topping analysts’ consensus estimate of 73 cents per share on revenue of $2.07 billion, LSEG data showed. Microsoft — The Windows and Azure cloud provider dropped 2%, off its lows of the day, after the company denied a report from The Information that said Microsoft lowered its AI products sales targets. Thor Industries — The RV maker fell more than 7% after fiscal 2026 guidance failed to impress investors. Thor kept its earnings per share outlook in a range of $3.75 to $4.25, and sees revenue between $9 billion and $9.5 billion. Acadia Healthcare — The behavioral health care and residential treatment provider slid more than 13% after cutting its full-year earnings guidance. Acadia now sees earnings per share in a range of $1.94 to $2.04, down from a prior outlook of $2.35 to $2.45. Acadia also updated its liability reserves. Okta — An earnings beat boosted Okta shares by 2.7%. The company reported third-quarter earnings of 82 cents per share, excluding one-time items, on revenue of $742 million. Analysts expected earnings of 76 cents per share on revenue of $730 million, according to LSEG. Microchip Technology — The semiconductor manufacturer gained 8.6% after raising guidance for the third quarter. Microchip Technology now expects adjusted earnings of 40 cents per share versus previous guidance of 34 cents to 40 cents a share, and projected revenue at the high end of its previously guided range of $1.109 billion to $1.149 billion. Asana — After reporting third-quarter earnings of seven cents per share excluding one-time items on revenue of $201 million, the company’s stock added 4%. Analysts had expected earnings of six cents per share on revenue of $199 million, LSEG data shows. Asana also raised the high-end of its full-year revenue outlook for 2026. GitLab — The stock fell 13% after the company issued a correction to its full-year 2026 earnings guidance. GitLab sees earnings per share between 88 cents and 89 cents. It previously issued a forecast of 95 to 96 cents in earnings per share. Pure Storage — Shares plunged 25% after the data management and storage firm reported third-quarter earnings of 58 cents per share ex-items on revenue of $964.5 million. Analysts had expected EPS of 58 cents on revenue of $956 million, LSEG data shows. — CNBC’s Itzel Franco, Liz Napolitano and Michelle Fox 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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