Stocks making the biggest moves midday: AAPL, VSAT, MCD, GO
Check out the companies making the biggest moves midday: Apple — The iPhone maker gained more than 5% after a White House official confirmed the company would invest another $100 billion in the U.S. That would bring Apple’s total U.S. investment over the next four years to $600 billion . Grocery Outlet — The discount grocery store rallied 38% after the company reported second-quarter earnings that beat the Street. Grocery Outlet earned 23 cents per share, excluding items, beating a FactSet consensus of 17 cents per share. Full-year earnings guidance also topped estimates. Bloomin’ Brands — The restaurant chain plunged 28.4% after providing weak guidance for the current quarter and full year. That overshadowed a better-than-expected earnings report for the second quarter. Viasat — The communications services stock surged more than 24% after stronger-than-expected results. Viasat reported fiscal first-quarter earnings per share of 17 cents on revenue of $1.17 billion. Analysts polled by FactSet were expecting an earnings loss of 65 cents per share on revenue of $1.13 billion. Scholar Rock — The unprofitable biotech fell 6% after second-quarter research and development expenses jumped to $62.4 million , far above the Street’s estimate of $46.6 million, StreetAccount said. The Q2 loss per share was also wider than expected. Capri Holdings — The maker of Jimmy Choo shoes and Michael Kors handbags jumped more than 11% as fiscal first-quarter earnings , excluding one-time items; operating income; and revenue all beat analysts’ estimates. Fiscal second-quarter revenue guidance also exceeded what the Street had penciled in before the report. Limbach — The HVAC and building control contractor plunged 19% after second-quarter revenue failed to top the Street’s highest estimate, according to analyst numbers compiled by FactSet, and after net cash from operating activities slid to $2 million from $16.5 million , “reflecting the timing of billings that impacted changes in working capital.” McDonald’s — Shares of the fast-food giant gained more than 2% after second-quarter results surpassed analysts’ estimates. McDonald’s earned $3.19 per share after adjustments on revenue of $6.84 billion. Analysts polled by LSEG were looking for a profit of $3.15 per share and revenue of $6.7 billion. Walt Disney — The media and entertainment giant slipped more than 2% on the back of mixed quarterly results . Revenue for its fiscal third quarter came in at $23.65 billion, short of the $23.73 billion estimate from LSEG. Adjusted earnings came in at $1.61 per share, topping the $1.47 consensus estimate. Snap — The social media platform pulled back nearly 18% after second-quarter revenue missed analysts’ estimates. The firm reported revenue of $1.34 billion, while analysts polled by LSEG were looking for $1.35 billion. Arista Networks — Shares of the network equipment firm advanced 17% following better-than-expected second-quarter results. Arista Networks earned an adjusted 73 cents per share on revenue of $2.20 billion, while analysts polled by LSEG were looking for earnings of 65 cents per share and $6.11 billion in revenue. Opendoor Technologies — Shares of the online residential real estate stock plummeted more than 22% after issuing a weaker-than-expected third-quarter outlook. Opendoor said it expects revenue between $800 million and $875 million, while analysts polled by FactSet were looking for $1.20 billion. The stock has seen record-high trading volume in recent months, having caught the attention of retail traders, who have boosted the stock more than 36% so far in August. It was up fivefold since the start of July. Uber Technologies — The stock dipped 1%. The ride-hailing company reported second-quarter earnings of 63 cents per share, which was in line with the consensus estimate. Revenue of $12.65 billion exceeded the $12.46 billion expected by analysts polled by LSEG. Advanced Micro Devices — The chipmaker’s shares dropped more than 6% after a disappointing second-quarter earnings report . The adjusted earnings of 48 cents per share were a penny shy of LSEG estimates. The company trails Nvidia in the graphics processing unit, or GPU, market. Rivian Automotive — Stock in the electric vehicle company fell 2% as its second-quarter results missed analysts’ estimates. Rivian reported a wider-than-expected loss of 80 cents per share, after adjustments. Analysts polled by LSEG were looking for an adjusted loss of 65 cents per share. Upstart Holdings — The artificial intelligence-powered lending marketplace lost almost 17% despite offering a strong earnings report and outlook. Upstart earned an adjusted 36 cents per share on $257 million in revenue, beating the LSEG consensus forecasts of 26 cents in earnings per share and $225 million in revenue. Hinge Health — Shares surged more than 10% following stronger-than-expected second-quarter revenue. Hinge Health reported revenue of $139 million, while analysts surveyed by LSEG were looking for $125 million. The results are Hinge Health’s first quarterly print as a publicly traded company. Lucid Group — The electric vehicle stock fell 9% after it adjusted its production outlook for 2025 . Lucid expects to produce between 18,000 and 20,000 vehicles, compared with a previous forecast of 20,000. Lucid’s second-quarter results also missed analysts’ estimates. BridgeBio Pharma — Shares were more than 11% lower after the pharmaceutical company reported a wider second-quarter loss than analysts were expecting. BridgeBio lost 95 cents per share, compared with a FactSet forecast for a loss of 79 cents per share. Super Micro Computer — The server stock plunged 21% after weaker-than-expected fourth-quarter results. Super Micro earned 41 cents per share on revenue of $5.76 billion, while analysts polled by LSEG were looking for a profit of 44 cents per share and $5.89 billion in revenue. The firm’s first-quarter outlook also missed analysts’ estimates. Match Group — The online dating service stock popped 8% after the firm issued a stronger-than-expected third-quarter revenue outlook. Match Group expects revenue in the current quarter to be between $910 million and $920 million, while analysts polled by LSEG were looking for $890 million. — CNBC’s Scott Schnipper, Alex Harring, Brian Evans, Michelle Fox, Yun Li and Sarah Min contributed reporting.
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