Take a look at the companies making headlines in midday trading. JetBlue Airways — Shares of JetBlue Airways rose more than 8% after the New York-based airline raised its forward guidance for third-quarter revenue. JetBlue currently expects revenue to fall 2.5% from the same period last year to grow 1%. Losses had been expected to be between 5.5% and 1.5%. G-III Apparel Group — Shares of G-III Apparel Group soared 24% after the women’s apparel maker reported second-quarter results that beat expectations. Adjusted earnings per share were 52 cents, higher than analysts’ expectations of 27 cents per share, according to FactSet. Revenue was $644.8 million, slightly below expectations of $649.5 million. Hewlett Packard Enterprise – HPE’s gross profit margin fell from the same period last year, and its stock price fell 6%. Hewlett Packard Enterprise said its third-quarter financial results exceeded expectations and that demand for artificial intelligence products was strong. Frontier Communications, Verizon Communications – Frontier Communications shares fell 9% after Verizon said it would acquire the fiber optic network provider in an all-cash deal worth $20 billion, or $38.50 per share. Frontier shares soared 38% on Wednesday as reports of a potential deal leaked. Verizon fell slightly on Thursday. Shoe Carnival — Shares of Shoe Carnival rose 12% after the retailer beat second-quarter profit forecasts and raised the lower end of its third-quarter and full-year financial guidance. Shoe Carnival reported adjusted earnings of 83 cents per share on revenue of $332.7 million, while analysts polled by FactSet expected earnings of 81 cents per share on revenue of $331.5 million. Casey’s General Stores – Convenience store chain Casey’s General Stores reported fiscal first-quarter earnings of $4.83 per share, beating analysts’ expectations of $4.50 per share, sending its shares up more than 5%, according to FactSet. Revenue was $4.10 billion, below expectations of $4.15 billion. ChargePoint — The electric vehicle charging company’s shares plunged nearly 20% after its second-quarter revenue fell short of expectations. ChargePoint posted revenue of $109 million in the period, while analysts polled by LSEG expected $114 million. The company also plans to lay off 15% of its workforce and expects third-quarter revenue to be lower than expected. Verint Systems — The automation stock fell 11.6% after second-quarter earnings missed expectations. Verint earned an adjusted 49 cents a share on revenue of $210 million, while analysts polled by LSEG expected earnings of 53 cents a share on revenue of $213 million. C3.ai – Shares of C3.ai fell 19.2% after the enterprise artificial intelligence company reported weaker-than-expected subscription revenue. In the fiscal first quarter, C3.ai’s revenue was $73.5 million, below the $79.2 million forecast by analysts polled by FactSet. Credo Technology Group — Shares fell more than 17% after the company reported fiscal first-quarter results. Credo adjusted its profit for the quarter to 4 cents per share, in line with analysts’ expectations polled by FactSet, but below the highest estimate of 5 cents per share. Roku — Shares of the streaming platform rose 5% after Wells Fargo upgraded the stock to equal weight from underweight. The bank pointed to the Roku Channel as a catalyst, saying it continues to gain share in the TV space and has potential monetization upside, analyst Steven Cahall wrote. Tesla – Shares of the electric car company rose 3.8% after Tesla said it would launch advanced driver assistance systems in Europe and China in the first quarter of 2025 “pending regulatory approval.” The technology is called “Full Self-Driving” by Tesla and upgrades Tesla’s Autopilot driver assistant. Old Dominion Freight Line – Due to a 6.1% drop in LTL tonnage, Old Dominion Freight Line’s revenue fell 5.2% year-on-year in August, and its stock price fell approximately 7%. Zimmer Biomet — Shares of Zimmer Biomet fell nearly 8% after the medical device maker noted at a Wells Fargo conference that the transition to legacy software systems faces “temporary challenges” that could impact sales by 1% this fiscal year, according to FactSet. %. McKesson — Shares of McKesson fell more than 8% after the medical supplies distributor issued weaker-than-expected fiscal second-quarter profit guidance at a Wells Fargo conference, according to FactSet. McKesson expects earnings of $6.70 to $7.00 per share, below the FactSet consensus of $7.39 per share. Toro Company — The maker of lawn mowers and garden equipment fell 10% after earnings and revenue missed expectations. Toro reported adjusted earnings per share of $1.18 in its fiscal third quarter on revenue of $1.16 billion. Analysts polled by FactSet expected earnings of $1.23 per share and revenue of $1.26 billion. —CNBC’s Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li and Pia Singh contributed reporting
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