Check out the companies making headlines in midday trading. Walmart — the big box retailer saw shares jump nearly 5% to hit a record after the retail giant topped fiscal third-quarter earnings and revenue expectations. The retailer also hiked its outlook again as it saw growth in e-commerce and improvements in sales outside of the grocery aisles. Super Micro Computer — The server maker surged 29.2% after announcing BDO as its new auditor to replace Ernst & Young, which stepped down last month. Super Micro also provided a plan to the Nasdaq on how it will comply with the exchange’s rules. Lowe’s — The home improvement retailer dropped more than 3% after saying it expects sales to decline in 2024 . That guidance overshadowed a better-than-expected third-quarter report. Kraft Heinz — The packaged food company dipped about 1% after a Piper Sandler downgrade to neutral from overweight. The investment firm said Kraft Heinz is struggling to turn around a retail sales decline, including in its Lunchables brand, and that the potential role of Robert F. Kennedy Jr. in the upcoming Trump administration could be a risk. Insmed — Shares rallied more than 8% after the drugmaker terminated a $500 million equity sales agreement with health care investment bank Leerink Partners. Viking Holdings — Shares declined 1% even after the travel company exceeded Wall Street’s third-quarter estimates. Viking posted adjusted earnings of 89 cents per share on revenue of $1.68 billion. Analysts polled by FactSet forecasted earnings of 84 cents per share, excluding items, on revenue of $1.67 billion. The company also reported strong advance bookings for the 2025 season. Symbotic — The automation technology company soared 26.2% after topping revenue estimates in the fiscal fourth quarter. Revenue came in at $576.8 million in the fourth quarter, beating the $470.2 million estimated by analysts, per FactSet. Symbotic also offered strong current-quarter top-line guidance. H & R Block , Intuit — The tax filing companies both fell after The Washington Post reported that President-elect Donald Trump’s “Department of Government Efficiency” commission is looking toward a new mobile app for filing taxes. Intuit shares pulled back 5.4%, while H & R Block declined 7.4%. — CNBC’s Jesse Pound, Yun Li, Sarah Min, Alex Harring, Sean Conlon and Pia Singh 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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