Check out the companies making headlines in midday trading. Dutch Bros – Shares surged more than 32% after the coffee chain’s better-than-expected third-quarter results. Dutch Bros. earned 16 cents per share on revenue of $338 million for the period, while analysts polled by LSEG had penciled in 12 cents per share on revenue of $325 million. Trump Media & Technology Group — Shares of President-elect Donald Trump’s media company fell more than 20%, reversing gains in the previous session sparked by his election victory. The stock was down 5.9% on Wednesday after the Republican was elected the 47th president of the United States. Warner Bros. Discovery — Shares of the streaming platform rose 9.9% after Warner Bros. Discovery reported third-quarter earnings that reflected the largest quarterly subscription growth since inception. Warner Bros. Discovery added 7.2 million global subscribers during the quarter and had 110.5 million subscribers as of Sept. 30. Under Armor — Shares of the athletic apparel company surged 33% on stronger-than-expected fiscal second-quarter results. Under Armor posted adjusted earnings per share of 30 cents on revenue of $1.40 billion, while analysts polled by LSEG expected earnings of 20 cents per share and revenue of $1.39 billion. Lyft – Shares surged 24% after the rideshare company posted a fourth-quarter outlook that beat analysts’ expectations. Lyft expects bookings for the current quarter to be between $4.28 billion and $4.35 billion, beating a FactSet consensus of $4.23 billion. Lyft also reported an adjusted EBITDA in the third quarter and a revenue loss. Wolfspeed — The semiconductor maker fell 34% after fiscal first-quarter earnings and guidance for the current quarter came in weaker than expected. Wolfspeed posted revenue of $195 million for the fiscal first quarter, missing LSEG’s consensus forecast by $5 million. The company said it expects between $160 million and $200 million in revenue during the current quarter, down from the $215 million figure. income outlook. The company called for a range of $865 million to $875 million in revenue for the fourth quarter, falling short of the $905.1 million forecast by analysts polled by FactSet. Arm Holdings — The semiconductor company gained 5.5% after its quarterly results beat estimates. Arm posted adjusted earnings per share of 30 cents on revenue of $844 million for the second quarter. Analysts polled by LSEG had forecast earnings of 26 cents per share and revenue of $808 million. Take-Two Interactive Software — The video game maker advanced 6% after posting a strong pace in its fiscal second quarter. Take-Two reported $1.47 billion in revenue, beating the $1.43 billion expected by analysts polled by LSEG. HubSpot – Shares rose 10% after the customer platform company’s quarterly earnings of $2.18 per share on revenue of $669.7 million beat expectations. Analysts polled by FactSet estimated earnings of $1.91 a share on $647 million in revenue. AppLovin – The software publisher’s share price skyrocketed 44% after third-quarter results beat analysts’ expectations. AppLovin also guided its fourth-quarter EBITDA of $740 million higher to $760 million, higher than StreetAccount’s forecast of $667 million. Zillow Group – The housing market site saw its shares jump 24%, boosted by higher-than-expected third-quarter earnings and revenue results. Zillow posted adjusted earnings per share of 35 cents on revenue of $581 million. Analysts polled by LSEG had forecast 29 cents in earnings per share and $555 million in revenue. elf Beauty — Shares of the beauty products retailer rose 18% after elf Beauty raised its full-year revenue and earnings outlook. The company forecast earnings in the range of $3.47 to $3.53 per share, higher than previous guidance of $3.36 to $3.41 per share. Its revenue is now in the range of $1.31 billion to $1.33 billion, down from a forecast of $1.28 billion to $1.30 billion. Gilead Sciences – Shares gained 5.9% after the biotech company issued better-than-expected earnings guidance for the year. The company now sees earnings per share in the range of $4.25 to $4.45. Analysts polled by LSEG were looking for $3.80 per share. — CNBC’s Alex Harring, Sean Conlon, Hakyung Kim, Yun Li and Lisa Kailai Han contributed reporting.
Stocks making the biggest moves at midday: WBD, APP, WOLF, LYFT