Check out some of the companies making the biggest moves midday: Staar Surgical — The implantable eye lens maker ripped 45% higher after agreeing to be bought by Alcon for $28 per share in cash, valuing Staar at about $1.5 billion. The deal is expected to close in the next six to 12 months. DigitalOcean — The software stock rallied 27% on better-than-expected second-quarter results. DigitalOcean also raised its full-year revenue and earnings guidance. Coinbase — The crypto exchange dropped more than 5% after selling $2 billion in convertible senior bonds. Lattice Semiconductor — The semiconductor maker surged 9.5% after second-quarter revenue came in at $124 million, topping the consensus forecast for $123.7 million from analysts polled by FactSet. Earnings per share, excluding one-time items, matched expectations for the quarter at 24 cents per share. UFP Technologies — The medical components manufacturer surged 11% after posting second-quarter adjusted earnings of $2.50 per share, better than the $2.25 per share estimated by analysts surveyed by FactSet. Revenue of $151.2 million =fell short of an expected $151.6 million. Palantir Technologies — The defense technology stock jumped 6.8% after quarterly revenue exceeded $1 billion for the first time and it raised full-year guidance. Palantir now anticipates revenue for the year to range between $4.142 billion and $4.150 billion, up from prior guidance of between $3.89 billion and $3.90 billion. Second-quarter earnings and revenue also topped expectations. Pfizer — The drugmaker rose 3.6% after raising its guidance in the wake of second-quarter earnings and revenue that topped analysts’ estimates. Pfizer now expects full-year adjusted earnings between $2.90 and $3.10 per share versus previous guidance of between $2.80 and $3 per share. Yum Brands — The KFC, Taco Bell and Pizza Hut parent dropped nearly 4% after second-quarter results missed expectations . Adjusted earnings of $1.44 per share were 2 cents below the LSEG consensus estimate, while revenue of $1.93 billion lagged the $1.94 billion expected by analysts. Eaton — The power management company dropped 6% after issuing weak third-quarter guidance. Eaton anticipates adjusted earnings of $3.01 to $3.07 per share, while analysts polled by LSEG expected $3.09 per share. Second-quarter earnings and revenue topped expectations. BP — U.S.-listed shares of the U.K.-based oil producer, formerly British Petroleum, added 3% after BP’s quarterly profit beat expectations . Dupont De Nemours — The chemical maker rose 3.3% after second-quarter adjusted earnings of $1.12 per share exceeded the $1.06 per share expected by analysts polled by LSEG. Revenue of $3.26 billion was above the $3.24 billion consensus estimate. Duke Energy — The Charlotte-based utility rose 1.1% after second-quarter adjusted earnings of $1.25 per share exceeded the $1.18 per share analysts surveyed by FactSet had penciled in. Duke Energy also reaffirmed its full-year adjusted earnings guidance of between $6.17 and $6.42 per share versus FactSet’s consensus analyst estimate of $6.32. Lemonade — The insurance company soared 29% after issuing better-than-expected full-year guidance. Lemonade expects revenue between $710 million and $715 million, up from a prior forecast of between $661 million and $663 million. Hims & Hers Health — The telehealth company pulled back 8% after second-quarter revenue of $545 million missed estimates from analysts polled by LSEG that called for $552 million. The company’s forecast for third-quarter earnings before interest, taxes, depreciation and amortization, or EBITDA, of $60 million to $70 million also missed analysts’ forecasts of $77 million. Axon Enterprise — The maker of tasers and other police products climbed 14% after second-quarter earnings beat Street expectations and it raised full-year financial guidance. Axon earned $2.12 per share, excluding one-time items, on $669 million in revenue, while analysts surveyed by FactSet had estimated $1.45 per share on $641 million in revenue. For the full year, Axon sees revenue ranging between $2.65 billion and $2.73 billion, up from an earlier outlook for $2.60 billion to $2.70 billion and analysts’ consensus estimate of $2.66 billion. Syndax Pharmaceuticals — Shares soared more than 16% after the biopharmaceutical company’s second-quarter revenue beat analysts’ expectations. Syndax also posted a narrower-than-expected loss per share. Gartner — The tech-focused advisory firm plunged nearly 30% after issuing disappointing guidance. For the full year, Gartner sees adjusted earnings of at least $11.75 per share and revenue of at least $6.455 billion. Analysts polled by FactSet were looking for $12.48 per share in earnings and $6.57 billion in revenue. — CNBC’s Darla Mercado, Lisa Han and Alex Harring 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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