Stocks making the biggest moves midday: SMCI KNX WH LVS
Check out the companies making the biggest moves midday: Super Micro Computer — The computer server manufacturer slumped 7% after cutting its fiscal first-quarter revenue forecast to about $5 billion from a prior estimate of $6 billion to $7 billion. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that the Trump administration is in talks to acquire equity stakes in several quantum computing companies. Rigetti Computing is up 11%, while IonQ gained 10% and Quantum Computing rose 8%. Hexcel — The maker of composite materials jumped 15% and hit a 52-week high after its latest financial results topped expectations. Hexcel’s adjusted earnings came in at 37 cents a share, 1 cent higher than the FactSet consensus estimate. Revenue was $456.2 million, compared with the $443.2 million expected from analysts. Hexcel also authorized $600 million for share buybacks. West Pharmaceutical Services — Shares of the medical equipment maker rose more than 11% after it raised its profit forecast on the back of better-than-expected third quarter results. The company has benefited from supplying GLP-1 drugmakers with components for their injector pens. Southwest — The airline’s shares fell more than 7% even as Southwest posted a suprise profit in the latest quarter. The carrier, which is in the midst of a turnaround effort, said it expects unit revenue to rise between 1% and 3% for the fourth quarter, with capacity up 6% over the same period last year. Knight-Swift Transportation — Shares fell 6% after the trucker earned 32 cents per share in the third quarter, missing analyst expectations for 37 cents, according to FactSet. Revenue of $1.93 billion beat the consensus estimate of $1.9 billion. T-Mobile — The mobile telecom provider fell more than 5% after third-quarter results showed weaker-than-expected equipment and “other” revenue and capital spending outlays above what Wall Street analysts were expecting, according to FactSet’s StreetAccount service. Medpace Holdings — Shares advanced 12% after the contract research organization’s third-quarter earnings exceeded expectations, and it issued rosy fourth-quarter guidance. Medpace earned $3.86 per share on revenue of $659.9 million. Analysts polled by FactSet estimated earnings of $3.53 per share on revenue of $641.0 million. Fourth-quarter earnings guidance in the range of $14.60 to $14.86 was raised from prior guidance of $13.76 to 14.53. Wyndham Hotels & Resorts — Shares fell nearly 6% after the hotel chain reported revenue of $382 million for the third quarter, missing Wall Street’s consensus forecast. The company also trimmed its adjusted earnings outlook for the year to between $4.48 and $4.62 per share. Las Vegas Sands — Shares rose 12% after the casino resort owner posted strong third-quarter earnings, largely due to the growth of its Macao and Singapore investments. The company reported $419 million in profit and adjusted earnings of 78 cents per share for the quarter, topping analysts’ estimates. Hilton Grand Vacations — The stock is up nearly 2% after the global timeshare company’s partners, including Travel + Leisure Co. , reported strong earnings, boosting investors’ sentiment on the vacation ownership sector. Honeywell — The industrial giant rose more than 7% on better-than-expected quarterly results. Honeywell earned $2.82 per share, excluding certain items, on revenue of $10.41 billion. Analysts polled by LSEG expected a profit of $2.57 per share on revenue of $10.14 billion. American Airlines — The air carrier rose 4% after providing a stronger-than-expected earnings report and giving upbeat guidance. American said it lost 17 cents per share when adjusted, narrower than the estimate of 28 cents lost from analysts polled by LSEG. Revenue came in at $13.69 billion, also beating Wall Street’s forecast for $13.63 billion. United Rentals — Shares fell nearly 7% after the equipment rental firm reported lackluster quarterly earnings for the third quarter. The company posted adjusted earnings-per-share of $11.70, coming in below the Street’s $12.32 per share consensus. Hasbro — The toymaker rose 2% after reporting third-quarter results that topped expectations. Hasbro’s adjusted earnings were $1.68 per share, versus the $1.63 a share expected from analysts polled by FactSet. Revenue came in at $1.39 billion, compared with the $1.34 billion consensus estimate. The company noted expected softness in consumer products tied to U.S. retail order timing, which offset some of the growth in Wizards of the Coast and digital gaming. Tractor Supply — The farming supplies stock rose 4% on mixed third-quarter results. The company earned 49 cents per share, beating a FactSet estimate of 48 cents per share. Revenue, however, was in line with expectations at $3.72 billion. Tesla — The stock is down 1% after the EV maker reported its third-quarter earnings . Although the company posted a double-digit revenue increase for the period, it missed earnings estimates and saw its capital expenditures jump. International Business Machines — The technology company dropped 1% after its closely watched software revenue for the third quarter came out in line with analyst estimates. However, IBM’s adjusted earnings of $2.65 per share topped the $2.45 a share expected from analysts polled by LSEG. Its revenue of $16.33 billion also exceeded the $16.09 billion consensus estimate. Molina Healthcare — Shares plunged more than 21% after the managed-care firm slashed its annual earnings guidance due to higher costs across government-baked plans. Beyond Meat — The plant-based meat company’s stock rose 3% after a speculative frenzy that pushed its shares up about 112% on Wednesday cooled. The stock rallied after its inclusion in the Roundhill Meme Stock ETF on Monday. — CNBC’s Christina Cheddar Berk, Sarah Min, Yun Li, Fred Imbert, Alex Harring and Michelle Fox contributed reporting
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