Take a look at the companies making headlines in midday trading. Dutch Bros — Shares of Dutch Bros rose more than 32% after the coffee chain reported better-than-expected third-quarter results. Dutch Bros earned 16 cents a share on revenue of $338 million in the period, while analysts polled by LSEG expected profits of 12 cents a share on revenue of $325 million. TRUMP MEDIA & TECH GROUP — Shares of President-elect Trump’s media company plunged more than 20%, giving up the previous session’s gains spurred by his election victory. The stock rose 5.9% on Wednesday after the Republican was elected as the 47th president of the United States. Warner Bros. Discovery — Shares of Warner Bros. Discovery rose 9.9% after the streaming platform reported third-quarter earnings that reflected its largest quarterly subscription growth since its inception. Warner Bros. Discovery added 7.2 million global subscribers during the quarter, ending September 30 with 110.5 million subscribers. . Under Armor reported adjusted earnings of 30 cents per share on revenue of $1.4 billion, while analysts polled by LSEG expected profits of 20 cents per share on revenue of $1.39 billion. Lyft — The ride-sharing company posted a fourth-quarter outlook that beat analysts’ expectations, sending shares up 24%. Lyft expects bookings for the quarter to be between $4.28 billion and $4.35 billion, beating FactSet’s estimate of $4.23 billion. Lyft also reported third-quarter adjusted EBITDA and revenue. Wolfspeed — The semiconductor maker’s shares plunged 34% after its fiscal first-quarter revenue and guidance for the current quarter were weaker than expected. Wolfspeed reported fiscal first-quarter revenue of $195 million, $5 million below the LSEG consensus forecast. The company said revenue for the quarter would be between $160 million and $200 million, below expectations of $215 million. Revenue outlook fell 17% on disappointment. The company forecast fourth-quarter revenue of between $865 million and $875 million, below the $905.1 million forecast by analysts polled by FactSet. Arm Holdings — Shares of Arm Holdings rose 5.5% after the semiconductor company beat quarterly estimates. Arm reported second-quarter adjusted earnings of 30 cents per share on revenue of $844 million. Analysts polled by London Stock Exchange Group (LSEG) forecast profit of 26 cents per share on revenue of $808 million. Take-Two Interactive Software — Shares of Take-Two Interactive Software rose 6% after the video game maker posted revenue growth in its fiscal second quarter. Take-Two reported revenue of $1.47 billion, higher than the $1.43 billion expected by analysts polled by LSEG. HubSpot — The customer platform company reported quarterly earnings of $2.18 per share on revenue of $669.7 million, beating estimates and sending shares up 10%. Analysts polled by FactSet expected earnings of $1.91 per share and revenue of $647 million. AppLovin — Shares of AppLovin soared 44% after the software publisher’s third-quarter results beat analysts’ expectations. AppLovin also raised its fourth-quarter EBITDA forecast by $740 million to $760 million, higher than StreetAccount’s forecast of $667 million. Zillow Group – Shares of the real estate market site rose 24% on higher-than-expected third-quarter profit and revenue. Zillow reported adjusted earnings of 35 cents per share on revenue of $581 million. Analysts polled by LSEG expected earnings of 29 cents per share on revenue of $555 million. elf Beauty — Shares of elf Beauty rose 18% after the beauty products retailer raised its full-year profit and revenue forecast. The company expects earnings of $3.47 to $3.53 per share, up from previous guidance of $3.36 to $3.41 per share. Its revenue currently ranges from US$1.31 billion to US$1.33 billion, above expectations of US$1.28 billion to US$1.30 billion. Gilead Sciences — Shares of Gilead Sciences rose 5.9% after the biotech company issued better-than-expected full-year profit guidance. The company currently expects earnings in a range of $4.25 to $4.45 per share. Analysts polled by London Stock Exchange Group (LSEG) expected a price of $3.80 per share. —CNBC’s Alex Harring, Sean Conlon, Hakyung Kim, Yun Li and Lisa Kailai Han contributed reporting.
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