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Shares that make the largest strikes at midday: Dell, Peloton, Workday, and extra

Michael Dell, Dell CEO, delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California.

Justin Sullivan | Getty Images

Check out the companies that are making the headlines in midday trading.

Peloton – The bike maker's shares fell 8.6% after a disappointing quarterly report. The company reported revenue growth in the fourth quarter of fiscal year that slowed dramatically while it posted an unexpectedly large loss as the cost of recalling the treadmill increased. Peloton also offered a disappointing first quarter revenue outlook.

Dell Technologies – The company's shares are down 4.5% despite better-than-expected quarterly results. Dell reported adjusted quarterly earnings of $ 2.24 per share, 21 cents above estimates, with revenue also beating analysts' forecasts.

HP – The tech hardware company's stocks were down 0.6% after the tech company's quarterly revenue fell short of expectations. Morgan Stanley also downgraded HP from overweight to equal weight. The company issued a statement to its customers that the near-term outlook for HP's products could dampen its stock.

Gap – Gap stocks rose 0.6% after a profit hit. The clothing retailer reported quarterly adjusted earnings of 70 cents per share on sales of $ 4.21 billion. According to Refinitiv, analysts expected earnings of 46 cents per share on sales of 4.13 billion US dollars.

Workday – Workday stocks rose 9.1% after the software company beat the top and bottom lines of its quarterly results. Workday reported earnings of $ 1.23 per share on sales of $ 1.26 billion. Wall Street expected earnings of 78 cents per share on sales of $ 1.24 billion, according to Refinitiv.

Big Lots – Big Lots stocks fell 4.9% after the discounter missed Wall Street estimates for its final quarter. Big Lots reported earnings of $ 1.09 per share, 3 cents below consensus analysts' expectations, according to Refinitiv. The company also missed sales estimates. The comparable branch sales of Big Lots fell by 13.2% more than expected.

Hibbett – Hibbett stock was down 9.2% despite the sportswear retailer reporting better-than-expected quarterly sales and earnings. Hibbett earned $ 2.86 per share, nearly double Refinitiv's consensus estimate of $ 1.44. The company also raised its forecast for the year.

Marvell Technology – Marvell Technology shares fell 3% despite earnings falling. The company reported adjusted earnings of 34 cents per share, while analysts forecast earnings of 31 cents per share, according to Refinitiv. Marvell Technology's revenue for the second quarter was in line with Wall Street estimates.

Ollie's Bargain Outlet – Ollie's shares fell 6.7% on quarterly results that fell short of expectations. Ollies reported adjusted quarterly earnings of 52 cents per share on sales of $ 416 million. According to Refinitiv, analysts expected earnings of 55 cents per share at 436 million US dollars.

VMWare – VMWare stock fell 6.7% even after the software company's quarterly earnings report beat sales and earnings estimates. The company reported adjusted quarterly earnings of $ 1.75 per share, beating the consensus estimate of $ 1.64, while revenue was slightly above Wall Street projections. However, sales in the cloud business lagged behind the forecasts of some analysts.

AutoZone, Advance Auto Parts – AutoZone and Advance Auto Parts stocks each fell more than 2% after Morgan Stanley downgraded the stocks to equal weight. A "mid-cycle" period should reduce the upward trend for retail stocks, the company said.

– CNBC's Maggie Fitzgerald, Yun Li and Jesse Pound contributed to the coverage

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