WEN, HRB, QNT, CRWV, CAVA
Check out the companies making the biggest moves midday: Wendy’s — The fast food chain jumped 13% after The Financial Times reported, citing sources, that Nelson Peltz’ Trian Fund Management was preparing a bid to take the company private. National Vision — Shares of the optical retail company tumbled 6% after full-year guidance failed to impress Wall Street. National Vision sees adjusted earnings in a range of 94 cents to $1.09 per share on revenue of $2.037 billion to $2.076 billion. Analysts polled by FactSet sought 96 cents a share and $2.06 billion. Aecom — The construction developer dropped 6% on weak results for its fiscal third quarter. Aecom reported revenue of $3.59 billion, down around 14% year over year. Net service revenue in the Americas came in at $808.4 million, below a FactSet forecast of $1.24 billion. Quantinuum — Shares rallied more than 21% after the quantum computing company issued better-than-expected revenue guidance for 2026. Quantinuum expects full-year revenue in a range of $28 million to $32 million. Analysts polled by FactSet anticipated an outlook around $26.5 million. Velo3D — The 3D printing tech company jumped 12% after raising its revenue outlook for the full year. Velo3D sees revenue in a range of $65 million to $75 million, up from its earlier call for $60 million to $70 million. The FactSet consensus anticipated $64.4 million. Super Micro Computer — The data center infrastructure stock rallied 14% after Super Micro Computer issued rosy guidance for first quarter earnings and revenue, in addition to exceeding fourth quarter estimates. The company expects adjusted earnings in the range of $1.01 to $1.10 per share, far above the LSEG consensus estimate of 76 cents per share. Revenue guidance in the range of $14.5 billion to $15.5 billion also topped the anticipated $11.68 billion. CoreWeave — The artificial intelligence cloud company saw shares gain 18%. Second quarter adjusted operating income margin came in at 5% compared to the StreetAccount consensus estimate of 2.7%. Revenue of $2.58 billion was up 112% from the year-ago period, and it came in ahead of the $2.56 billion expected, per the LSEG consensus estimate. Lumentum Holdings — Shares rose 15% after the maker of optical and photonic products posted fourth quarter adjusted earnings and revenue that exceeded expectations. The AI beneficiary has had a blockbuster year thus far, having more than doubled year to date. Nebius Group — The AI infrastructure stock jumped more than 25% after the company reported better-than-expected EBITDA and revenues compared to analysts polled by FactSet’s consensus estimates. Gross margins were also stronger than estimates too. Coherent — The optoelectronic devices manufacturer was boosted by Lumentum’s earnings, ahead of its own set to be delivered after the bell on Wednesday. Shares jumped more than 9%. H & R Block — Shares surged 15% after H & R Block issued an upbeat forecast for the 2027 fiscal year. The company sees adjusted earnings in a range of $6.04 to $6.24 per share on revenue of $4.11 billion to $4.16 billion. That compares to the LSEG consensus estimate of $5.86 per share and $4.05 billion. Kontoor Brands — The apparel company gained 7% after second quarter earnings slightly beat expectations, and the company raised its full-year earnings guidance above consensus estimates. Revenue came up short, however: Kontoor generated $584 million in revenue, compared to the FactSet consensus estimate for $587 million. Cava Group — Shares of the Mediterranean fast-casual restaurant chain jumped 12% after reporting second quarter earnings of 19 cents per share, topping the LSEG consensus estimate of 18 cents a share. Revenue of $368.4 million topped the anticipated $361 million. — CNBC’s Darla Mercado and Fred Imbert contributed to this report.
