Take a look at the companies making headlines in midday trading. JetBlue Airways — The airline said its full-year revenue guidance fell less than initially expected, according to a regulatory filing. Bookings for November and December were higher than expected, leading JetBlue to raise its forecast. The stock price soared 8%. Roku — Needham analyst Laura Martin said the streaming company could be acquired at a “significant premium” next year as Republicans take control of regulators, sending the company’s shares up 11%. Dollar Tree — Shares of Dollar Tree rose 2.5% after the discount retailer reported better-than-expected third-quarter earnings and announced that Chief Financial Officer Jeff Davis would step down. Dollar Tree reported adjusted earnings of $1.12 per share, while analysts polled by FactSet were looking for $1.07 per share. Chewy — The pet supplies retailer’s shares fell nearly 4% after reporting a profit of just 1 cent a share, missing analysts’ expectations of 8 cents a share. Chewy’s revenue of $2.88 billion was in line with expectations. Eli Lilly — Shares rose nearly 3%. In the first head-to-head clinical trial of the two injections, Eli Lilly and Company’s Zepbound obesity drug produced more weight loss than its main rival, Novo Nordisk’s Wegovy. Salesforce — Shares of Salesforce rose about 8% after the company reported better-than-expected third-quarter revenue and provided subscription revenue data that topped analysts’ expectations. Salesforce reported revenue of $9.44 billion, above the $9.35 billion expected by analysts polled by LSEG. Pure Storage – Shares of Pure Storage rose nearly 24% after the data storage management company announced a contract with an unnamed “Big Four” artificial intelligence hyperscale provider. Pure Storage also beat Wall Street expectations for its fiscal third quarter. Marvell Technology — Shares of the chipmaker soared 23% after the company beat third-quarter earnings estimates and issued better-than-expected revenue guidance, leading several Wall Street firms to raise their price targets on the stock. JPMorgan said continued artificial intelligence and cyclical tailwinds next year are key catalysts for the stock’s future profits. Okta — The identity verification software stock rose more than 4% after third-quarter results and fourth-quarter guidance beat expectations. Okta reported third-quarter adjusted earnings of 67 cents per share, topping analysts’ forecasts of 58 cents, according to LSEG. Campbell’s — Shares of Campbell’s fell 6% after the packaged food company reported quarterly net sales that missed expectations. The company also announced insider Mick Beekhuizen as its new chief executive. Foot Locker — Shares of Foot Locker fell more than 6% after the sneaker giant reported lower-than-expected earnings and revenue. Foot Locker also lowered its full-year guidance, citing a tougher promotional environment and weaker consumer demand. PSQ Holdings — Shares of PSQ Holdings, the owner of online marketplace PublicSquare, fell more than 30% after the company announced it had registered a $36.2 million direct offering of common stock. The decline follows sharp gains in the previous session. The company’s shares soared 270.4% to $7.63 after the company announced that President-elect Donald Trump Jr., the eldest son of the president, had joined PSQ’s board of directors. —CNBC’s Yun Li, Jesse Pound and Hakyung Kim contributed reporting.
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