Stocks making the biggest moves midday: Firefly Aerospace, Fortinet, Duolingo, Eli Lilly and more
Here are some of the stocks posting the biggest moves in midday trading
Check out some of the companies making headlines in midday trading: Firefly Aerospace — Shares of the Texas-based rocket maker surged more than 50% as they debuted Thursday afternoon on the Nasdaq under the "FLY" ticker symbol. On Wednesday, the stock priced in its initial public offering at $45 each, which was above its expected range. Warner Bros. Discovery — The parent of HBO Max and TNT Sports slumped more than 6% after saying second-quarter free cash flow totaled $702 million versus a consensus analyst estimate compiled by StreetAccount of $863 million, while cash from operations came in at $983 million against an expected $1.29 billion. AppLovin — Shares of the marketing platform company popped 9%. AppLovin reported second-quarter earnings of $2.26 per share on revenue of $1.26 billion, while the FactSet consensus called for $1.96 per share and $1.22 billion in revenue. Third-quarter guidance also topped estimates. Advanced Micro Devices — The chipmaker rallied 5% Thursday, boosted by the Trump administration's tariff increases on imported semiconductors , one day after sliding more than 6% in the wake of disappointing second-quarter earnings reported late Tuesday. Paycom Software — The payroll software company popped 7% on the heels of a beat and raise. Second-quarter adjusted earnings came in at $2.06 per share on revenue of $483.6 million. Analysts polled by FactSet sought $1.78 per share in earnings and $472.0 million in revenue. Paycom also lifted its revenue guidance for the full year. Becton, Dickinson & Co — The medical tech company's shares jumped 8% after it lifted its outlook for fiscal 2025. The company sees adjusted earnings for the year ranging from $14.30 to $14.45 per share, up from earlier guidance of $14.06 to $14.34 a share. Duolingo — The language-learning app soared 26% after posting a second-quarter beat on both the top and bottom lines. Duolingo also guided for current-quarter revenue in the range of between $257 million and $261 million, while analysts polled by LSEG had penciled in $253 million. Fortinet — The cybersecurity stock fell 25% after Fortinet issued lackluster guidance for its third-quarter revenue and reported second-quarter revenue of $1.63 billion, matching expectations. Following its print, Morgan Stanley, Piper Sandler and KeyBanc downgraded shares Eli Lilly — The pharmaceutical stock dropped more than 13% despite posting a second-quarter earnings and revenue beat . The company also raised guidance for both its full-year earnings and revenue. Eli Lilly reported that the highest dose of an experimental daily pill helped patients with obesity lose around 12% of their body weight at 72 weeks in a late-stage trial. Airbnb — The travel rental company saw shares fall 8%. While its second-quarter results beat analysts' expectations, the company is forecasting a weaker second half of the year. Third-quarter revenue is estimated to be between $4.02 billion and $4.10 billion. Analysts were predicting $4.05 billion in revenue for the period. HubSpot — Shares reversed earlier gains and slid 8%. The software company reported second-quarter adjusted earnings of $2.19 per share on revenue of $760.9 million, while analysts polled by FactSet had expected $2.12 per share and $739.4 million in revenue. HubSpot also shared third-quarter and full-year guidance that exceeded estimates. E.l.f. Beauty — Shares tumbled 13% after the cosmetics manufacturer said its profits, down 30% year over year , took a hit from new tariffs on China goods. E.l.f. declined to estimate fiscal 2026 revenue due to a "wide range of potential outcomes" and instead issued guidance only for the first half of the fiscal year. Dutch Bros — Shares surged 20% after the coffee chain posted a second-quarter earnings and revenue beat. Dutch Bros' same-store sales rose 6.1% year over year. The company also raised its guidance for its full-year same-store sales and adjusted earnings before interest, taxes, depreciation and amortization. Aris Water Solutions — The water infrastructure stock climbed 21% after Western Midstream Partners announced it would be acquiring Aris Water Solutions in an equity-and-cash transaction worth about $1.5 billion, expected to close in the fourth quarter. Shares of Western Midstream Partners were last down less than 1%. Topgolf Callaway Brands — Shares popped 9% after the golf and active lifestyle company posted second-quarter adjusted earnings of 24 cents per share on revenue of $1.11 billion. Analysts had been looking for earnings of 2 cents per share and revenue of $1.09 billion, per FactSet. Rogers Corporation — The engineering materials stock rose about 6% after activist investor Starboard Value disclosed Wednesday in a securities filing it had built a stake of more than 9% in the company. Starboard's latest 13F filing revealed it held an approximate position of 1% in the company as of March 31. Zimmer Biomet — The medical tech company saw shares gain 7% after it raised guidance for the full year. The company sees adjusted earnings coming in at $8.10 to $8.30 per share, versus its prior guidance of $7.90 to $8.10 per share. This also tops the FactSet consensus call for $7.97 per share. — CNBC's Scott Schnipper, Michelle Fox, Alex Harring, Yun Li and Lisa Kailai Han contributed reporting.This story originally appeared on: CNBC - Author:Darla Mercado, CFP®
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