Take a look at the companies making headlines in midday trading. DR Horton – Shares of DR Horton soared more than 12% after the company’s fiscal third-quarter results beat Wall Street expectations. The homebuilder reported earnings of $4.10 per share on revenue of $9.97 billion. Analysts polled by FactSet expected earnings of $3.75 per share and revenue of $9.61 billion. The company also authorized a $4 billion stock repurchase program for Domino’s Pizza – the pizza retail chain’s stock price plunged nearly 13% after it reported mixed second-quarter results. Domino’s reported earnings of $4.03 per share, higher than the $3.68 expected by analysts polled by LSEG. However, revenue was in line with expectations at $1.1 billion. The company also reported that its U.S. comparable store sales grew slightly less than expected. Beyond Meat – Shares of Beyond Meat fell nearly 11% after the Wall Street Journal reported, citing people familiar with the matter, that it had approached bondholders to begin discussions about restructuring its balance sheet. Infosys – US-listed shares rose over 8% as first-quarter financial data beat expectations. The digital services company also raised its full-year revenue growth forecast. United Airlines – Shares of the airline rose 1% after it said second-quarter profit rose 23% on strong travel demand. However, its third-quarter forecast was disappointing. United expects adjusted earnings per share to be in the range of $2.75 to $3.25, below the $3.44 expected by analysts polled by LSEG. Discover Financial Services – Second-quarter results beat expectations, and shares rose 3.5%. The banking and payments company reported earnings of $6.06 per share on revenue of $4.54 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $3.07 per share on revenue of $4.17 billion. Warner Bros. Discovery – Shares of Warner Bros. Discovery rose nearly 5% after the Financial Times reported that the company has weighed options to boost its share price. The company is considering options such as spinning off its streaming and movie studio businesses, people familiar with the matter said. Blackstone – Shares of Blackstone rose more than 1% despite reporting lower-than-expected second-quarter profit. Blackstone reported distributable earnings of 96 cents per share on segment revenue of $2.52 billion. Analysts polled by LSEG expected earnings of 98 cents per share on revenue of $2.62 billion. In an earnings call with analysts, the company expressed optimism about the current real estate environment despite challenges in office space. Cintas – Shares rose nearly 6% after fourth-quarter profit results beat expectations. Cintas reported earnings of $3.99 per share, while analysts polled by FactSet expected $3.79 per share. Revenue for the quarter was also in line with expectations, at $2.47 billion. Alaska Air Group — Shares of Alaska Air Group fell more than 6% after the airline missed second-quarter revenue estimates. Alaska Airlines also lowered its full-year profit guidance to a range of $3.50 to $4.50 per share. Analysts polled by FactSet had expected earnings of $4.52 per share. Kinder Morgan — Shares of Kinder Morgan rose about 3.5% after the company increased its dividend, masking mixed quarterly results. TSMC – Its U.S.-listed shares fell more than 2% despite the company’s second-quarter profit results being better than expected. The stock extended losses on Wednesday, falling about 8% after former President Trump said Taiwan should pay U.S. defense costs. —CNBC’s Lisa Kailai Han and Michelle Fox contributed reporting.
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