See the companies making headlines in midday trading. Micron – Shares of the semiconductor maker rose 14.1% after the company beat analysts’ expectations for profit and revenue in the second quarter of the year. Micron reported earnings of 42 cents per share on revenue of $5.82 billion. Analysts polled by LSEG had expected a loss of 25 cents per share on revenue of $5.35 billion, which analysts had expected. The company also forecast higher third-quarter revenue and earnings than consensus estimates. Apple – Technology shares fell 4.1% on news that the Justice Department is suing. Regulators said the iPhone ecosystem is a monopoly and anti-competitive practices are evident in many areas of business. Astera Labs – Shares of the seller of chips for connecting data centers rose 3.4%. That adds to the 72% rise seen on Wednesday when the company went public for the first time on the Nasdaq. Li Auto – U.S.-listed shares of the Chinese electric vehicle maker fell 7.5% on weak first-quarter delivery forecasts. Lee told investors it expects 77,000 vehicles by midyear, up from a previous estimate of 101,500. Chewy — Shares of the pet supplies retailer fell 10.3% after disappointing first-quarter guidance. Chewy said it expected quarterly revenue of $2.84 billion to $2.86 billion. Analysts surveyed by LSEG were expecting $2.89 billion. Five Below – Shares of the discount retailer came under pressure, falling 15.4% on the day after as the company reported weaker-than-expected earnings and revenue for the fourth quarter. Five Below also issued revenue and profit guidance for the current quarter and full year. Guess what – the fashion designer’s shares rose 20.7% after its latest earnings beat forecasts. Guess reported adjusted earnings of $2.01 per share on revenue of $891 million, while analysts polled by LSEG expected $1.56 per share and $856 million in revenue. Shares of Darden Restaurants fell 6.5% after the parent company of Olive Garden and LongHorn Steakhouse missed revenue expectations. Daren’s revenue was $2.97 billion, below StreetAccount’s forecast of $3.02 billion. Earnings per share were in line with expectations at $2.62. Paramount Global – Media and entertainment shares fell 5.5% after CNBC’s David Faber reported that the company is not interested in selling its studio separately from other assets as it continues to negotiate a sale. The news flies in the face of a Wall Street Journal report Wednesday that Apollo Global Management had offered $11 billion for film and television studio Paramount. The report sent shares up 11% on Wednesday before they fell slightly on Thursday. Accenture – Shares of the consulting company fell 9.3% after fiscal second-quarter revenue fell below analysts’ expectations. Accenture reported $15.8 billion, below the $15.85 billion estimate of analysts surveyed by StreetAccount. Revenue forecast for the current quarter was also below analysts’ forecasts. FactSet – The research platform fell 7.6% after fiscal second-quarter revenue was lower than expected. FactSet recorded $545.9 million, below the consensus estimate of $546.8 million among analysts surveyed by StreetAccount. On the other hand, diluted earnings per share beat expectations at $4.22 versus Wall Street’s forecast of $3.90. Illumina — Shares of life sciences companies jumped 3.2% after a European Union court adviser said regulators exceeded their powers by blocking Illumina’s bid to acquire healthcare company Grail. Broadcom — Shares of the chipmaker rose 5.6% as TD Cowen shares upgraded to a higher level. TD Cowen said the stock could see further upside from its artificial intelligence business. Revolve Group — Shares of the fashion retailer lost 0.3% after an upgrade that outperformed TD Cowen. The company said Revolve should return to growth after a difficult year that required price cuts. Nvidia – Shares of the chipmaker rose 1.2% after TD Cowen reiterated its outperform rating on the stock and raised its price target, citing the company’s “computing leadership” following the unveiling of the Blackwell platform. Sunnova — Shares of solar energy companies jumped 19.3% after Goldman Sachs said it maintained a buy rating. After falling this year, Goldman believes shares could rise nearly 200%. Nextracker – Shares rose 1.2% after Baird initiated coverage of the solar tracker technology company with an Overweight rating. The Wall Street firm said Nextracker is an attractive investment with a “simplified business model, healthy balance sheet and differentiated technology.” — CNBC’s Lisa Kailai Han, Tanaya Machil, Sarah Min, Jesse Pound and Sarah Salinas contributed reporting. Correction: The WSJ reported Wednesday that Apollo Global Management has offered $11 billion for film and television studio Paramount. In the previous version, the day of the week was incorrectly specified.
