Stocks making the biggest moves midday: GEHC, BE, STX, TER
Here are the stocks making headlines in midday trading. Regeneron — The biotech stock slid nearly 6% after the company reaffirmed its full-year forecast for adjusted gross margin on net product sales of 83% to 84%. Regeneron also said that its board authorized a new $3 billion share repurchase program. GE HealthCare Technologies — Shares tumbled 12% after the company dialed back its forecast for full-year adjusted earnings. GE HealthCare is now calling for a range of $4.80 to $5 a share, compared to its earlier guidance of $4.95 to $5.15 per share. Free cash flow guidance of about $1.6 billion for the full year was also lower than the company’s earlier forecast for roughly $1.7 billion. Brinker International — The parent company of Chili’s Grill & Bar jumped about 13%. Third-quarter adjusted earnings topped estimates, landing at $2.90 per share versus the FactSet consensus call for $2.86 a share. Brinker raised the lower end of its forecast for full-year earnings, calling for adjusted earnings of $10.60 to $10.85 per share. Seagate Technology — The data storage stock popped 12%. Seagate sees fiscal fourth-quarter revenue coming in at $3.45 billion, plus or minus $100 million, and adjusted earnings of $5 per share, plus or minus 20 cents. That compares to the LSEG estimate of $3.97 per share in earnings and revenue of $3.16 billion. Third-quarter results beat estimates on the top and bottom lines. Memory stocks — Seagate’s earnings boosted other names in the memory group too. Western Digital surged more than 9% and Sandisk jumped 7%. Mondelez International — The maker of Oreo cookies and Sour Patch Kids candy added 5% after reporting first-quarter adjusted earnings of 67 cents per share on revenue of $10.08 billion. Analysts polled by FactSet had anticipated earnings of 61 cents per share and $9.75 billion in revenue. Robinhood — The maker of the trading app saw shares tumble nearly 14% after first-quarter results fell short of expectations. Robinhood posted earnings of 38 cents per share on revenue of $1.07 billion. LSEG consensus estimates called for 43 cents per share and $1.18 billion. Starbucks — The coffee chain jumped more than 8% after Starbucks raised its full-year outlook . The company sees global and U.S. same-store sales rising at least 5% for fiscal 2026, up from the earlier call for a 3% gain. Starbucks also lifted its forecast for adjusted earnings, guiding for a range of $2.25 to $2.45 per share, up from its earlier call for $2.15 to $2.40 per share. Enphase Energy — The maker of solar microinverters slipped more than 11%. Enphase’s first-quarter results barely beat Wall Street’s estimates, as the company posted adjusted earnings of 47 cents per share and revenue of $282.9 million. The FactSet consensus estimate sought 43 cents per share and $282.3 million in revenue. Revenue guidance for the current quarter ranged from $280.0 million to $310 million, versus the FactSet consensus of $294.9 million. Teradyne — Shares fell 16% after the robotics products supplier and manufacturer after it reported its first quarter earnings results. Teradyne reported $2.56 in adjusted earnings per share and $1.28 billion in revenue, compared to FactSet consensus expectations for $2.11 in earnings per share and $1.2 billion in revenue. NXP Semiconductors — The semiconductor manufacturer popped almost 25% after reporting first-quarter adjusted earnings of $3.05 per share, exceeding the $2.95 analysts had penciled in, per LSEG. NXP’s $3.18 billion revenue also beat the forecast of $3.16 billion. The company also sees its current-quarter operating income, revenue and adjusted earnings coming in a range that is above the FactSet consensus estimate. Visa — The credit card payment giant saw shares rise 9%. Second-quarter adjusted earnings of $3.31 per share and revenue of $11.23 billion surpassed analysts’ expectations. The LSEG consensus called for $3.10 per share in earnings and $10.74 billion in revenue. Generac — Shares jumped nearly 15% after the energy technology company saw an top and bottom line beat in its first-quarter earnings report, with $1.80 in earnings per share and $1.06 billion in revenue. That compares to estimates for $1.33 in earnings per share and $1.05 billion in revenue, according to analysts polled by FactSet. Capital expenditures came in at $89.9 million, far higher than the $39.8 million estimated, according to StreetAccount. O-I Glass — The glass producer plunged 15% after slashing its full-year earnings guidance to a range of $1 to $1.50 per share, versus its previous call for $1.65 to $1.90 per share. That compares to the FactSet consensus of $1.67 per share. First-quarter adjusted earnings also missed expectations, landing at 5 cents per share, versus the 11 cents per share sought by the Street. Rush Street Interactive — Shares surged 15% after the online casino and sports betting operator reported a first-quarter top and bottom line beat. The company also raised its full-year revenue and adjusted EBITDA guidance, surpassing analysts’ expectations, according to FactSet. Bloom Energy — The renewable energy stock popped 23% after Bloom Energy posted adjusted earnings and revenue that beat expectations for the latest quarter. The company also sees its full-year revenue and adjusted earnings coming in at a range above analysts’ expectations, according to FactSet. Brown-Forman — Shares of the maker of Jack Daniel’s whiskey tanked 10% after the company announced that merger talks with Pernod Ricard have been terminated . The companies weren’t able to reach mutually agreeable terms, Brown-Forman said in a statement. SoFi Technologies — The digital financial services company tumbled 13% despite delivering a mostly in-line earnings report. In the first quarter, SoFi earned 12 cents per share and adjusted net revenue of $1.09 billion. Both current quarter and full-year guidance were also largely in-line with consensus estimates. Etsy — Shares rose nearly 8% after it reported adjusted EBITDA of $184.7 million in the first quarter, compared to analysts polled by FactSet estimate for $176.6 million. Revenue also topped estimates at $631.3 million. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds – from financial professionals to everyday individuals – come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you’re starting from, you’ll leave with clearer thinking, stronger strategies. 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