A look at companies catching the eye in midday trading: JetBlue Airways Inc. — The New York-based airline jumped more than 8% after it raised its third-quarter revenue outlook. JetBlue Airways now expects revenue to be in the range of down 2.5% to up 1% year over year. Previously, it was expected to be down 5.5% to down 1.5%. G-III Apparel Group Inc. — Shares surged 24% after the women’s apparel maker reported better-than-expected second-quarter results. Adjusted earnings were 52 cents a share, beating analysts’ expectations of 27 cents a share, according to FactSet. Revenue was $644.8 million, slightly below the $649.5 million estimate. Hewlett Packard Enterprise Inc. — Shares fell 6% after HPE’s gross profit fell year over year. In a third-quarter earnings report that beat expectations, Hewlett Packard Enterprise said demand for artificial intelligence products was strong. Frontier Communications, Verizon Communications — Frontier Communications shares fell 9% after Verizon said it would buy fiber-optic internet provider Frontier for $20 billion in cash and $38.50 a share. Frontier had jumped 38% on Wednesday after leaked reports of the potential deal. Verizon was down slightly on Thursday. Shoe Carnival — Shares rose 12% after the retailer beat second-quarter profit expectations and raised the lower end of its third-quarter and full-year financial guidance. Shoe Carnival reported adjusted earnings of 83 cents a share on revenue of $332.7 million. Casey’s General Stores — Shares jumped more than 5% after the convenience store chain reported first-quarter earnings of $4.83 per share, beating analysts’ expectations of $4.50 per share, according to FactSet. Revenue was $4.1 billion, below the $4.15 billion forecast. ChargePoint — Shares plummeted nearly 20% after the electric vehicle charging company reported second-quarter earnings that missed expectations. ChargePoint reported revenue of $109 million for the same period, while analysts surveyed by LSEG were expecting $114 million. The company also plans to cut 15% of its workforce and expects third-quarter revenue to fall short of expectations. Verint Systems — Automation shares fell 11.6% after second-quarter earnings missed expectations. Verint’s adjusted earnings per share were 49 cents on revenue of $210 million, while analysts surveyed by LSEG were expecting earnings per share of 53 cents on revenue of $213 million. C3.ai — Shares fell 19.2% after the enterprise artificial intelligence company reported weaker-than-expected subscription revenue. C3.ai’s fiscal first-quarter revenue was $73.5 million, below the $79.2 million forecast by analysts surveyed by FactSet. Credo Technology Group — Shares fell more than 17% after the company’s fiscal first-quarter results. Credo’s adjusted earnings per share for the quarter were 4 cents, in line with analysts surveyed by FactSet’s forecast but missing the top estimate of 5 cents per share. Roku — Shares of the streaming platform rose 5% following an upgrade from underweight to equal weight by Wells Fargo. The bank pointed to the Roku Channel as a catalyst, saying it continues to gain share of TV airtime and has the potential to monetize, analyst Steven Cahall wrote. Tesla — Shares of the electric car maker rose 3.8% after Tesla said it will roll out its advanced driver assistance system in Europe and China in the first quarter of 2025. The technology is marketed by Tesla as “Full Self-Driving” and is an upgrade to Tesla’s self-driving assistant. Old Dominion Freight Line — Shares fell about 7% after Old Dominion Freight Line’s daily August sales fell 5.2% year over year and less-than-truckload tonnage fell 6.1%. Zimmer Biomet — Shares fell about 8% after the medical equipment maker said at a Wells Fargo conference that “one-time challenges” with migrating legacy software systems could impact fiscal year sales by 1%, according to FactSet. McKesson — Shares fell more than 8% after the medical supplies distributor gave a weaker-than-expected second-quarter profit outlook at a Wells Fargo conference, according to FactSet. McKesson expects earnings of $6.70 to $7.00 per share, below the FactSet consensus estimate of $7.39 per share. The Toro Company — Shares fell 10% after the lawn and landscaping equipment maker missed earnings and sales expectations. In the third quarter, Toro posted adjusted earnings of $1.18 per share on sales of $1.16 billion. Analysts surveyed by FactSet had expected earnings per share of $1.23 and revenue of $1.26 billion.—CNBC’s Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li and Pia Xin contributed to the report.
JetBlue, Tesla, G-III Apparel, etc.
