Here’s a look at some of the companies making waves in midday trading: Sweetgreen — The salad chain’s shares rose 24% after it announced second-quarter revenue of $184.6 million, beating LSEG’s consensus estimate of $181 million. Sweetgreen also issued full-year revenue guidance of $670 million to $680 million. Analysts had expected guidance of $674 million. Doximity — Shares rose more than 31% after the digital health company reported first-quarter profits that beat expectations. Doximity posted 28 cents per share excluding special items, beating the 22 cents per share expected by analysts surveyed by FactSet. Elf Beauty — Elf Beauty shares fell nearly 15% after new guidance suggested the cosmetics company’s growth would slow. Unity Software — Shares soared more than 10% after the company beat second-quarter profit and revenue expectations. Unity posted a loss of 32 cents a share on revenue of $449 million. That’s better than the 42 cents a share loss on revenue of $440 million that analysts surveyed by LSEG had expected. The Trade Desk — Shares soared more than 9% after the ad-buying company raised its third-quarter revenue outlook. The Trade Desk now expects revenue to be at least $618 million, well above LSEG’s forecast of about $604 million. The company also beat expectations for second-quarter profit. Capri Holdings — Shares fell about 4% after the fashion company that owns Versace and Michael Kors reported weaker-than-expected first-quarter results. Capri Holdings posted adjusted earnings of 4 cents per share on revenue of $1.07 billion, below LSEG’s forecast of 59 cents per share on revenue of $1.16 billion. Expedia — Shares rose 8% after the travel company’s profits and revenue beat expectations. Expedia reported adjusted earnings of $3.51 per share, beating the LSEG consensus estimate of $3.06 per share. Revenue of $3.56 billion beat analyst expectations of $3.53 billion. Take-Two Interactive Software — Shares rose more than 3% after the video game maker reaffirmed full-year orders and revenue guidance. Akamai Technologies — Shares rose more than 9% after the cloud company reported better-than-expected second-quarter results. Akamai posted adjusted earnings of $1.58 per share on revenue of $980 million. Analysts were expecting $1.53 per share on revenue of $977 million, according to LSEG. Akamai also raised its full-year outlook, expecting earnings per share of $6.34 to $6.47 excluding special items. Insulet — Shares of the insulin device maker fell 7% after management said on an earnings call that new patient growth was slowing due to fewer switching from competitors. Insulet had already released its quarterly results in July. Paramount Global — Shares of the media conglomerate rose nearly 3% after the company said it would cut 15% of its U.S. workforce, or about 2,000 jobs. Meanwhile, Paramount’s quarterly profit beat analysts’ expectations, but revenue fell short of expectations. CyberArk — Shares continued to rise, rising 2.9% after the cybersecurity company reported earnings on Thursday. Bank of America raised its price target on the company after the earnings release and called it a “diamond in the rough.” —CNBC’s Alex Harring, Samantha Subin, Yun Lee, Jesse Pound, Pia Shin and Michelle Fox contributed reporting.
SG, DOCS, ELF, etc.
