Stocks making the biggest moves midday: META, ANF, ZM, INTU
Check out some of the companies making the biggest moves in midday trading. Abercrombie & Fitch — The teen apparel retailer retailer’s stock soared 37% after it trounced fiscal second-quarter estimates and raised its full year outlook. The company earned $2.42 per share on an adjusted basis, while revenue grew 5% to $1.27 billion. Results were helped by tariff refunds and stronger growth at its Abercrombie unit. Intuit — The financial technology platform fell 4% after offering disappointing fiscal year 2027 guidance. Intuit expects revenue of between $23.3 billion and $23.5 billion in the fiscal year, which starts in the current quarter, compared with analysts’ estimate of $23.7 billion, according to FactSet. Earnings and revenue for the company’s fiscal fourth-quarter beat estimates. Software stocks — Intuit’s forecast pressured several software stocks. ServiceNow and Workday were both down about 2%, while Salesforce fell 1%. Meta Platforms — The Instagram and Facebook owner jumped 3% after the company and state attorneys general reached a settlement in a case that claimed Meta deliberately made its applications addictive for teenagers. A trial in the case began last week in California. Zoom Communications — Shares fell 7% after its third-quarter forecast fell short of analyst expectations. For the third quarter, Zoom expects earnings per share to range from $1.46 to $1.48, short of the FactSet estimate of $1.50 a share. Kohl’s — The retailer rose 2% after Kohl’s raised its full-year outlook, boosted partially by $150 million in tariff refunds received in the second quarter. Kohl’s also said it was restarting share buybacks of up to $100 million in 2026. J.M. Smucker — The maker of Café Bustelo and Uncrustables sandwiches climbed 3% after posting fiscal first-quarter results. Revenue of $2.22 billion topped an LSEG consensus of $2.13 billion. Smucker also reported adjusted earnings per share of $3.24, though it wasn’t clear if that was comparable to a $2.22 estimate. SolarEdge Technologies — The stock jumped nearly 8% after an upgrade by UBS to buy . Analysts at the bank said a new policy by the Federal Communications Commission will lead to market share gains and increased pricing power for the company. Semtech — The chipmaker jumped more than 8% after second-quarter earnings beat estimates. Adjusted earnings came in at 71 cents per share compared with a FactSet consensus estimate of 61 cents. Revenue also exceeded expectations, as did forecasts for the current quarter. Boston Scientific — The medical device manufacturer fell 5% after it reported to the Securities and Exchange Commission that a cybersecurity incident is expected to cause disruptions and limited access to products. A timeline for restoration is unknown, the company said. SAP — Shares declined 3% after UBS downgraded the application software platform to neutral. Analysts at the bank said SAP’s slow delivery of agentic AI to customers is limiting monetization opportunities, and may lead some customers to seek other routes to adopt the technology in the near-term. — CNBC’s Christina Cheddar Berk, Ananya Chetia and Fred Imbert contributed reporting
