Take a look at the companies making headlines in midday trading: Sweetgreen – Shares of the salad chain jumped more than 33% after the company reported second-quarter revenue of $184.6 million, above the consensus estimate of $181 million, according to LSEG. Sweetgreen also gave full-year revenue guidance of $670 million to $680 million. Analysts had been expecting guidance of $674 million. Doximity – Shares jumped more than 38% after the digital health company reported better-than-expected first-quarter earnings. Doximity posted 28 cents per share, excluding items. That’s higher than the 22 cents per share expected by analysts surveyed by FactSet. Unity reported a loss of 32 cents per share on revenue of $449 million. That’s better than the loss of 42 cents per share on revenue of $440 million expected by analysts surveyed by LSEG. The Trade Desk – The stock jumped 12.5% ​​after the ad-buying company raised its third-quarter revenue outlook. The Trade Desk now expects revenue of at least $618 million, far above LSEG’s estimate of about $604 million. The company also beat earnings expectations for the second quarter. Capri Holdings – Shares fell nearly 5% after the fashion company behind Versace and Michael Kors reported weaker-than-expected first-quarter results. Capri Holdings Expedia reported adjusted earnings of $3.51 per share, compared to LSEG’s consensus estimate of $3.06 per share. Revenue was $3.56 billion, higher than the $3.53 billion expected by analysts. Take-Two Interactive Software – Shares rose more than 4% after the video game maker reiterated its full-year bookings and earnings guidance. Akamai Technologies — The stock rose nearly 11% after the cloud company reported better-than-expected second-quarter results. Akamai posted adjusted earnings of $1.58 per share on revenue of $980 million. Analysts had expected $1.53 per share on revenue of $977 million, according to LSEG. Akamai Insulet already reported its quarterly results in July. Paramount Global — The company gained nearly 1% after the media conglomerate announced it was cutting 15% of its U.S. workforce, or about 2,000 jobs. Meanwhile, Paramount’s quarterly earnings came in above analysts’ expectations, but it reported a revenue shortfall. CyberArk — Shares rose nearly 4% based on the cybersecurity company’s earnings report Thursday. Bank of America raised its price target on the stock following the release and called it “a diamond in the rough.” — CNBC’s Alex Herring, Samantha Subin, Yun Lee, Jesse Pound, Piya Singh and Michelle Fox contributed reporting.
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“Most Volatile Stocks Midday: Sweetgreen, Doximity, and Elf”
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Companies Making Headlines in Midday Trading
Sweetgreen’s shares jumped over 33% after the salad chain reported second-quarter revenue of $184.6 million, surpassing the consensus estimate of $181 million. The company also provided full-year revenue guidance of $670 million to $680 million, slightly below analysts’ expectations.
Doximity’s shares surged more than 38% after the digital health company reported better-than-expected first-quarter earnings. The company posted 28 cents per share in earnings, excluding items, beating the expected 22 cents per share.
Unity reported a loss of 32 cents per share on revenue of $449 million, better than the expected loss of 42 cents per share on revenue of $440 million.
The Trade Desk’s stock rose 12.5% after the ad-buying company raised its third-quarter revenue outlook to at least $618 million, surpassing LSEG’s estimate of $604 million. The company also beat earnings expectations for the second quarter.
Capri Holdings’ shares fell nearly 5% after the fashion company behind Versace and Michael Kors reported weaker-than-expected first-quarter results. Despite this, the company’s revenue was higher than expected at $3.56 billion.
Take-Two Interactive Software’s shares rose more than 4% after the video game maker reiterated its full-year bookings and earnings guidance.
Akamai Technologies’ stock rose nearly 11% after the cloud company reported better-than-expected second-quarter results, with adjusted earnings of $1.58 per share on revenue of $980 million.
Insulet, a diabetes technology company, reported its quarterly results in July.
Paramount Global gained nearly 1% after the media conglomerate announced it was cutting 15% of its U.S. workforce, or about 2,000 jobs. The company’s quarterly earnings came in above analysts’ expectations, but revenue was lower than expected.
CyberArk’s shares rose nearly 4% based on its earnings report. Bank of America raised its price target on the stock, calling it “a diamond in the rough.”
This article was contributed to by CNBC’s Alex Herring, Samantha Subin, Yun Lee, Jesse Pound, Piya Singh, and Michelle Fox.
