Here’s a look at the companies making headlines in midday trading: Sweetgreen — Shares of Sweetgreen jumped 24% after the salad chain reported second-quarter revenue of $184.6 million, topping LSEG’s consensus estimate of $181 million. Sweetgreen also gave full-year revenue guidance of $670 million to $680 million. Analysts expected guidance of $674 million. Doximity — Shares of Doximity rose more than 31% after the digital health company reported first-quarter earnings that beat estimates. Doximity’s earnings per share, excluding other items, were 28 cents. That was higher than the 22 cents a share expected by analysts polled by FactSet. Elf Beauty — Elf Beauty shares fell nearly 15% after new guidance showed slower growth at the cosmetics company. Unity Software — Shares of Unity Software soared more than 10% after the company beat second-quarter profit and revenue estimates. Unity lost 32 cents per share on revenue of $449 million. That beat analysts polled by LSEG who expected a loss of 42 cents per share on revenue of $440 million. The Trade Desk — Shares of the ad-buying company rose more than 9% after it raised its third-quarter revenue forecast. The Trade Desk now expects revenue of at least $618 million, well above LSEG’s forecast of about $604 million. The company’s second-quarter profit also beat expectations. Capri Holdings — The fashion company behind Versace and Michael Kors reported lower-than-expected first-quarter earnings, sending its shares down about 4%. Capri Holdings reported adjusted earnings of 4 cents per share on revenue of $1.07 billion, missing LSEG’s forecast of 59 cents per share on revenue of $1.16 billion. Expedia — Shares of Expedia rose 8% after the travel company beat profit and revenue estimates. Expedia reported adjusted earnings of $3.51 per share, compared with the LSEG consensus estimate of $3.06 per share. Revenue was $3.56 billion, higher than analysts’ expectations of $3.53 billion. Take-Two Interactive Software – Shares of Take-Two Interactive Software rose more than 3% after the video game maker reiterated its full-year bookings and profit guidance. Akamai Technologies — Shares of Akamai Technologies rose more than 9% after the cloud company reported better-than-expected second-quarter results. Akamai reported adjusted earnings of $1.58 per share on revenue of $980 million. Analysts expected earnings of $1.53 per share on revenue of $977 million, according to LSEG. Akamai also raised its full-year forecast, predicting earnings per share of $6.34 to $6.47, excluding items. Insulet — Shares of the insulin device company fell 7% after management said on an earnings call that new patient growth was slowing due to fewer conversions from competitors. Insulet pre-announced quarterly results in July. Paramount Global — Shares of Paramount Global rose nearly 3% after the media conglomerate announced it would cut 15% of its U.S. workforce, or about 2,000 jobs. Meanwhile, Paramount’s quarterly earnings beat analysts’ expectations, but revenue fell short of estimates. CyberArk — Shares of CyberArk rose 2.9%, continuing their climb after the cybersecurity company reported earnings on Thursday. Bank of America raised its price target on the stock following the news, calling it a “diamond in the rough.” —CNBC’s Alex Harring, Samantha Subin, Yun Li, Jesse Pound, Pia Singh and Michelle Fox contributed reporting.
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