Here’s a look at the companies making headlines in midday trading: JetBlue — The airline’s shares surged more than 12% after the airline reported second-quarter earnings that beat analysts’ expectations. The New York City-based airline reported adjusted earnings of 8 cents per share, excluding one-time items, while analysts expected a loss of 11 cents per share, according to LSEG. Revenue of $2.43 billion was also higher than analysts’ expectations of $2.4 billion. Sprouts Farmers Market – The food retailer last reported earnings of 94 cents per share on revenue of $1.89 billion, beating analysts’ consensus earnings estimate of 78 cents per share and sending its shares soaring more than 13% to a 52-week high. Data, the company’s revenue was $1.84 billion. The Phoenix-based grocery chain also raised its full-year profit guidance, projecting revenue growth of 9% to 10%, compared with analysts’ consensus forecast of 8.2% growth. Varonis Systems — The data security stock rose more than 14% after reporting better-than-expected second-quarter results. Varonis reported adjusted earnings of 5 cents per share, beating expectations for a loss of 2 cents per share, according to analysts polled by FactSet. Revenue also beat expectations, reaching $130.3 million, compared with the consensus estimate of $124.8 million. Varonis also issued stronger-than-expected guidance for the current quarter. F5 Inc. — Shares of F5 Inc. rose about 13% to a new 52-week high after the software company beat fiscal third-quarter profit and revenue estimates. F5 reported adjusted earnings of $3.36 per share, compared with LSEG’s estimate of $2.97 per share. Revenue of $695 million was higher than analysts’ expectations of $686 million. Symbolic – The stock fell more than 23.5%, hitting a new 52-week low intraday after the automation company issued weak fiscal fourth-quarter guidance. The company forecast revenue between $455 million and $475 million, below the consensus estimate of $516.9 million, according to FactSet. In the third fiscal quarter, Symbotic’s revenue was $491.9 million, exceeding the consensus estimate of $464.6 million. WOODWARD – Aerospace and industrial stocks fell more than 17% after fiscal third-quarter revenue fell short of Wall Street expectations. Woodward reported revenue of $847.7 million, missing the FactSet consensus estimate of $853.3 million. Amkor Technology — The semiconductor packaging stock plunged nearly 19% after reporting a disappointing third-quarter outlook. Amkor expected earnings of 42 cents to 56 cents per share, while analysts polled by FactSet had forecast 64 cents per share. Lattice Semiconductor — Shares fell more than 9% after second-quarter profit and quarterly revenue guidance fell short of expectations. Lattice earned 23 cents a share, excluding items, on revenue of $124 million in the second quarter, while analysts polled by LSEG expected earnings of 24 cents a share and $130 million. Elsewhere, Bank of America downgraded Lattice to underperform from neutral, citing weak growth prospects and minimal visibility. CrowdStrike — Delta Air Lines shares fell more than 9% after CNBC reported it hired legal counsel to seek damages from CrowdStrike and Microsoft over an outage that resulted in the cancellation of thousands of flights earlier this month. Microsoft shares were last down 1%. Merck – The New Jersey-based drugmaker’s full-year guidance was weaker than expected, sending its shares down more than 9%. Merck expects full-year earnings in a range of $7.94 to $8.04 per share, below the FactSet consensus of $8.16 per share. Howmet Aerospace — Shares of Howmet Aerospace rose more than 13% after the aerospace manufacturer’s second-quarter profit and revenue topped Wall Street expectations. Howmet earned 67 cents per share on revenue of $1.88 billion, above analysts’ expectations polled by FactSet for earnings of 60 cents per share on revenue of $1.83 billion. Howmet also increased its quarterly dividend to 8 cents per share from 5 cents, which will be paid on August 26. Shares plunged nearly 7% after meeting analysts’ expectations. Second-quarter profit was slightly higher than expected. Corning, which makes Gorilla Glass used in iPhones, reported earnings of 47 cents per share on revenue of $3.6 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 46 cents per share on revenue of $3.55 billion. PayPal — Shares soared more than 8%. The payments company reported second-quarter adjusted earnings of $1.19 per share, excluding items, above the 99 cents per share expected by analysts polled by LSEG. The company also raised its full-year profit guidance. Procter & Gamble — The Cincinnati-based company reported weaker-than-expected second-quarter revenue, sending shares of the ivory soap maker down nearly 5%. Procter & Gamble reported revenue of $20.53 billion, below the $20.74 billion expected by LSEG analysts. However, the company’s profit beat expectations, with adjusted earnings of $1.40 per share, while analysts polled by LSEG expected $1.37 per share. Zebra Technologies — Shares of Zebra Technologies rose nearly 4% after second-quarter earnings beat analysts’ expectations. The maker of trackers and computer printing technology reported profit excluding items of $3.18 per share on revenue of $1.22 billion. Analysts expected revenue of $2.80 per share for the quarter on revenue of $1.18 billion, according to StreetAccount. Zebra Technologies also raised its full-year guidance. Stanley Black & Decker — The tool maker earned $1.09 a share in the second quarter, excluding special items, beating Wall Street expectations of 84 cents a share and sending its shares up about 10%, according to analysts polled by FactSet. Revenue for the period was in line with expectations. The Connecticut-based company also updated its full-year profit guidance to $3.70 to $4.50 per share, raising the lower end of its forecast from the previous range of $3.50 to $4.50 per share. —CNBC’s Alex Harring, Samantha Subin, Lisa Kailai Han and Hakyung Kim contributed reporting.
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