Check out the companies that made headlines in intraday trading: Williams-Sonoma — The home goods retailer beat expectations in both areas in the third quarter and raised its full-year outlook by about 29% It skyrocketed. Williams-Sonoma had earnings of $1.96 a share and revenue of $1.8 billion, compared to analysts surveyed by LSEG who expected earnings of $1.78 a share and revenue of $1.79 billion. Ford Motor Co. — Shares of the U.S. automaker fell 3% after Ford announced plans on Wednesday to cut about 14% of its European workforce. The company cited significant losses in recent years due to weak demand for electric vehicles, lack of government support for the transition to electric vehicles, and increased industry competition. Nvidia — Shares fell 1% ahead of the company’s third-quarter results, which will be released after the market closes. Analysts surveyed by LSEG expect Nvidia to post earnings of 75 cents per share on revenue of about $33.16 billion, which would represent more than 80% year-over-year sales growth. AppLovin — Shares soared 4.8%. Piper Sandler started the report by overestimating mobile app developers. The company has set a price target that suggests the stock could rise nearly 25% in the coming year, even after the stock has already soared more than 700% in 2024. Just three months after raising its sales forecast, the company revised its full-year forecast downward. Target reported only a slight increase in customer traffic, as CEO Brian Cornell noted “continued weakness in the discretionary category.” Delta Air Lines — The company’s stock fell less than 1% even though the airline was in line with analysts’ expectations, forecasting mid-single-digit percentage point revenue growth next year. Delta Air Lines said its revenue will increase in 2025, citing a “resilient economy” with strong demand for travel, especially for luxury goods, and credit card usage. The company also predicted that profits will increase in the coming years. The stock price has increased about 60% this year. Robinhood — The trading platform’s stock rose more than 3% after Needham upgraded Robinhood’s rating from hold to buy. Elsewhere, the company said it plans to acquire TradePMR, a registered investment adviser custody platform, for about $300 million, expected to close in the first half of 2025. At Morgan Stanley, you go from underweight to the same weight. In response to the call, the company cited Lemonade’s “ambitious” goals to grow the business and its planned path to profitability from 2027. Keysight Technologies — Shares rose more than 6% after the electronics test and measurement equipment company’s fourth-quarter results beat Wall Street expectations. Keysight also provided an upbeat outlook for the current quarter, expecting adjusted earnings to be between $1.65 and $1.71 per share. That beats analysts’ expectations for earnings of $1.57 per share, according to FactSet. Super Micro Computer — Shares fell nearly 8%, recouping some of Tuesday’s more than 31% gain. The struggling server maker comes after Supermicro announced it has hired BDO as its new auditor and submitted a plan to the Nasdaq detailing how it will comply with the exchange’s listing requirements. ‘s stock rebounded in pre-market trading. Dolby Laboratories — Shares rose more than 14% after the audio technology company reported quarterly results that beat Wall Street expectations. Dolby’s fourth-quarter earnings were 61 cents per share, beating analysts’ expectations of 45 cents per share, according to FactSet. Dolby also increased its quarterly dividend by 10% to 33 cents per share, payable on December 10th. QUALCOMM — Shares fell 6% even though the semiconductor company on Tuesday presented new five-year financial targets that aim for $22 billion in additional annual revenue through 2029. Qualcomm also detailed plans to generate $4 billion in revenue from industrial chips and a sales target of $2 billion for chips used in virtual reality and augmented reality headsets, among other goals. did. —CNBC’s Alex Harring, Brian Evans, Sean Conlon, Yun Li and Michelle Fox contributed reporting.
Stocks with the biggest price movements at midday: TGT, NVDA, APP, WSM
