See the companies making headlines in midday trading. Planet Fitness — Shares jumped 5.6% after falling in premarket trading Thursday. First-quarter earnings excluding one-time items of 53 cents per share beat analysts’ consensus estimate of 50 cents, EBITDA of $106.3 million was better than the $104.8 million forecast and comparable sales were 6. The 2% beat the 4.2% expected by analysts. ‘ average estimates from FactSet. Yeti — Shares of the beverage maker rose 12.8% on strong first-quarter financial results. Yeti earned 34 cents per share, excluding items, on revenue of $341.4 million, while analysts polled by FactSet expected 24 cents per share and $333.3 million. Yeti also raised its full-year earnings per share forecast at the same time confirming the revenue growth forecast. Arm – Shares of the British chipmaker fell 2.3% in volatile trading after the company issued earnings guidance that failed to impress investors. For full-year 2025, Arm said it expects revenue of $3.8 billion to $4.1 billion, versus analysts’ expectations of $3.99 billion for the full year, according to LSEG. The disappointing outlook overshadowed Arm’s positive sales quarter, with revenue up 47% year over year. Klaviyo – Data shares rose 11.8% on strong guidance. Claviyo told investors that second-quarter revenue would be between $211 million and $213 million, above the $210 million expected by analysts polled by LSEG. Airbnb — Shares of the vacation rental company fell 6.9% after its forecast was weaker than expected. Airbnb reported second-quarter revenue of $2.68 billion to $2.74 billion, compared with analysts’ expectations of $2.74 billion. For the first quarter, Airbnb beat analysts’ estimates for revenue and profit, according to LSEG. AppLovin — Shares of the mobile technology company rose 14.5% on better-than-expected first-quarter earnings. AppLovin earned 67 cents per share in the latest period, 10 cents more than analysts surveyed by LSEG expected. Revenue was $1.06 billion, also beating the consensus estimate of $974 million. SolarEdge – Shares of the alternative energy company fell 8.5% after reporting a wider-than-expected loss of $1.90 per share in the first quarter, worse , than the analyst consensus estimate of $1.55, according to FactSet. Quarterly revenue of $204 million beat expectations but fell from nearly $1 billion last year. AMC Entertainment – The movie theater chain fell 4.4% after reporting first-quarter revenue and attendance were down from the same period a year earlier. AMC’s financial results for the quarter were in line with expectations the company set last month. Duolingo – The language learning platform fell 18%. Although first-quarter revenue beat Wall Street expectations, Duolingo offered a range of guidance for the current quarter that fell short of the consensus forecast of analysts surveyed by FactSet, and adjusted second-quarter and full-year EBITDA margins that were lower than in the first quarter. quarter. Bumble — Shares rose 11.4% after the dating app reported Wednesday that it earned 19 cents in the first quarter on a post-market basis, beating the FactSet consensus estimate of 7 cents. Revenue also beat analysts’ expectations, coming in at $267.8 million versus $265.4 million. Warby Parker — Shares of the eyewear maker rose 18% after first-quarter results beat expectations. Warby lost 2 cents per share, less than the consensus estimate of 9 cents per share among analysts surveyed by FactSet. Revenue for the three-month period was $200 million, above Street forecasts of $196.4 million. Tapestry — Shares rose 3.6% after apparel company Coach and Kate Spade reported better-than-expected fiscal third-quarter earnings. Tapestry earned 81 cents in adjusted earnings per share, versus 67 cents per share expected by analysts, LSEG said. Tapestry also lowered its full-year revenue forecast. Roblox – Shares of the video game developer fell more than 22.1% after cutting its full-year order forecast amid falling engagement. Roblox said it expects orders for the full year to be between $4 billion and $4.10 billion, up from its previous forecast of $4.14 billion to $4.28 billion. Forward Air — Shares of the logistics company fell 22.1% after reporting a loss of 64 cents per share on an adjusted basis in the first quarter. That’s twice as bad as the worst estimate from analysts surveyed by FactSet. Management said the company continues to face “challenging market conditions,” including weak demand, excess capacity and pricing pressure. Cheesecake Factory — Shares rose 6.2% after the chain’s first-quarter earnings beat estimates. Raymond James upgraded the casual dining operator to outperform the market on the back of its results, highlighting its relatively strong performance amid weakening industry trends. Confirmed – Buy now pay later shares jumped 10.2%, recouping Wednesday’s decline. JPMorgan upgraded the stock to outperform on Thursday, calling the lower share price a good entry point for investors. Norfolk Southern. Shares of the Virginia-based railroad fell 2.5% after Norfolk Southern shareholders elected three board members nominated by activist investor Ancora but failed to oust incumbent CEO Alan Shaw, ending a proxy battle. Equinix — The real estate data center investment trust rose 11.5% after reporting a beating after-market earnings Wednesday. Equinix’s adjusted earnings before interest, taxes, depreciation and amortization were $992 million for the first quarter, compared with the FactSet consensus estimate of $981.3 million. Equinix CEO Charles Meyers said the “fast-evolving artificial intelligence environment” continues to be a catalyst for growth arrived. — CNBC’s Samantha Soobin, Yoon Lee, Jessie Pound, Sarah Min, Hakyung Kim, Tanaya Machil, Michelle Fox and Scott Schnipper contributed reporting.
