Stocks making the biggest moves midday: AGPU, ASTS, UAL, GEV
Check out the companies making the biggest moves midday: Calix — The AI and cloud platform’s stock tumbled 16% after the company warned of margin headwinds for the year, overshadowing better-than-expected results for the first quarter. TE Connectivity — Shares of the electrical components maker shed 12% after the company’s third-quarter guidance underwhelmed investors. TE sees earnings per share, adjusted, of $2.83 and revenue of $5 billion. Both figures are about in line with FactSet consensus figures. Sonoco Products — The maker of steel and aerosol cans dropped more than 15% after the company said it was targeting the low end of its full-year earnings guidance. Q1 earnings and revenue were also below expectations. Axe Compute — Shares skyrocketed more than 90% after Axe Compute secured a $260 million contract to develop Nvidia graphics processing units. AST SpaceMobile — The stock jumped 5% after the company announced the Federal Communications Commission approved its plan to deliver direct-to-device cellular broadband. It will permit the company to operate up to 248 satellites in low Earth orbit. Healthcare Services Group — Shares of the houskeeping and dining services provider jumped 18% on better-than-expected first-quarter results. The company posted a profit of 37 cents per share on revenue of $462.8 million. Analysts polled by FactSet expected a profit of 22 cents per share on revenue of $460 million. Masco — The home improvement company’s stock jumped 12% as improving demand, especially at its plumbing supplies business, led to a first-quarter beat. In the latest period, Masco earned $1.04 per share, excluding items, on sales of $1.92 billion, compared with the FactSet consensus estimate for a profit of 88 cents per share on revenue of $1.83 billion. United Airlines — Shares fell 6% after the airline posted disappointing guidance for its current quarter and full year as rising fuel prices pressure its outlook. United expects 2026 adjusted earnings of between $7 and $11 per share, down from prior guidance of between $12 and $14 per share. The company also expects adjusted earnings for its current quarter to come in the range of $1 to $2 per share, lower than FactSet’s $2.08 estimate. GE Vernova — The energy technology company popped 12% after its first quarter revenue topped expectations. GE Vernova reported $9.34 billion in revenue compared to estimates of $9.25 billion, according to analysts polled by FactSet. The company also reported earnings of $17.44 per share, though StreetAccount noted it wasn’t clear if that was comparable to estimates of $1.95. Boeing — Shares jumped 5% after the company reported better-than-expected losses in the first quarter. The company lost 20 cents per share and delivered $22.22 billion, compared to estimates of 80 cents in losses per share and $21.78 billion in revenue, according to LSEG. Capital One Financial — The stock shed 1% after the bank posted first-quarter earnings of $4.42 per share, excluding items, and revenue of $15.23 billion. This came below the estimated profit of $4.55 per share and revenue of $15.36 billion that analysts polled by LSEG were anticipating. Vertiv — Shares fell more than 4% despite the company reporting an earnings and revenue beat in its first-quarter report. Vertiv delivered $1.17 in earnings per share and revenue of $2.65 billion, compared to estimates for $1 in earnings per share and $2.64 billion in revenue, according to analysts polled by FactSet. Best Buy — The retailer jumped 2% after it announced Jason Bonfig will replace Corie Barry as CEO starting on Oct. 31. Bonfig is currently the company’s chief customer, product and fulfillment officer. Adobe — Shares rose 3% after the tech company’s board approved a $25 billion stock repurchase program through April 2030. The buyback plan comes as Adobe’s stock is down more than 26% year to date. — CNBC’s Davis Giangiulio and Christina Cheddar-Berk contributed reporting. Correction: This story has been revised to reflect that TE Connectivity issued underwhelming fiscal third-quarter guidance. A previous version misstated the period and the figures.
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