Here’s a look at the top gainers at midday: Kenvue — The maker of Band-Aid bandages beat analysts’ expectations in the second quarter, sending shares up 14%. Kenvue, which was spun off from Johnson & Johnson last year, reported adjusted earnings of 32 cents per share, compared with 28 cents expected by analysts polled by FactSet. Revenue was $4.0 billion, compared with consensus estimates of $3.93 billion. Palantir Technologies — Shares of Palantir Technologies rose 13% after the defense technology company raised its full-year revenue forecast. Palantir now expects revenue in the range of $2.742 billion to $2.750 billion, up from its previous guidance of $2.68 billion to $2.69 billion. Caterpillar — Shares of Caterpillar rose 3% after the industrial giant reported a stronger-than-expected quarterly report. Caterpillar’s second-quarter adjusted earnings totaled $5.99 per share, beating analysts’ expectations of $5.55 per share polled by FactSet. Lumen Technologies — Shares of Lumen Technologies soared 77% after the company announced after the close on Monday that it had secured $5 billion in new business due to demand for connectivity driven by artificial intelligence. Molson Coors Beverage — Shares of Molson Coors Beverage rose 7% after the brewer reported second-quarter adjusted earnings of $1.92 per share, above the $1.68 per share expected by analysts polled by FactSet. Revenue also beat expectations, reaching $3.25 billion, compared with the consensus estimate of $3.18 billion. Uber Technologies — Shares of Uber Technologies rose 9% after the ride-sharing company beat profit and revenue estimates. Second-quarter earnings per share were 47 cents, beating analysts’ expectations of 31 cents polled by LSEG. Revenue was $10.7 billion, above the consensus estimate of $10.57 billion. Planet Fitness — Shares of Planet Fitness rose 9% after the fitness company’s second-quarter financial results beat revenue and net income. Planet Fitness reported adjusted earnings of 71 cents per share on revenue of $300.9 million. Analysts polled by FactSet expected adjusted earnings of 66 cents on revenue of $290.2 million. Yum China — Shares rose 11.7%. However, revenue fell short of consensus estimates. Separately, the fast-food company announced the resignation of its financial chief. ZoomInfo Technologies — The customer acquisition technology company’s quarterly results fell short of expectations, sending its shares down 18%. ZoomInfo said it had adjusted earnings of 17 cents per share in the second quarter on revenue of $291.5 million. Analysts polled by London Stock Exchange Group (LSEG) expected revenue of $308 million and earnings per share of 23 cents. The company also lowered its full-year profit guidance and announced a replacement of its chief financial officer. CSX — Shares of the rail transit holding company rose nearly 4% after the company reported second-quarter results. CSX reported earnings of 49 cents per share, above the 48 cents expected by analysts polled by LSEG. Revenue, on the other hand, was in line with consensus estimates of $3.7 billion. Lucid Group — Shares of Lucid Group rose nearly 2% after the electric vehicle company reported higher revenue. Lucid reported revenue of $200.6 million, beating the LSEG consensus estimate of $192 million. BioMarin Pharmaceutical — The biopharmaceutical stock gained nearly 9%. The company reported second-quarter adjusted earnings of 96 cents per share, beating analysts’ expectations of 35 cents polled by FactSet. Revenue also beat expectations. Additionally, BioMarin raised its full-year earnings and revenue guidance. CrowdStrike — CrowdStrike rose 3% after Piper Sandler upgraded CrowdStrike to “overweight” from “neutral” and said the decline in cybersecurity stocks following global technology disruptions is a buying opportunity. The stock is down 10% this year and 40% this quarter alone. —CNBC’s Sarah Min, Sean Conlon, Yun Li and Jesse Pound contributed reporting.
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