Stocks making the biggest moves midday: RBLX, PTON, RL, YUM
Check out the companies making headlines in midday trading: Altus Power — The commercial solar power provider soared as much as 28% after agreeing to a $5 per share buyout from a unit of TPG that valued Altus at $2.2 billion, including debt. The deal is expected to close in the second quarter. Ford — The automaker fell 6.5%, hitting its lowest level in four years, after it issued soft 2025 guidance . Management cited “headwinds related to market factors.” Ford beat consensus estimates in the fourth quarter. Honeywell International — Shares lost 6% after the conglomerate said on Thursday it would split into three independent companies , under pressure from activist investor Elliott Management. Separately, Honeywell forecast adjusted earnings of $10.10 to $10.25 per share in 2025, falling short of the $10.92 analysts had expected, according to FactSet. Eli Lilly — Shares gained 3% following the pharmaceutical company’s mixed fourth-quarter results . Adjusted earnings came in at $5.32 per share, topping the $4.95 consensus estimate, according to LSEG. Revenue of $13.53 billion trailed the $13.57 billion analysts had estimated. The results were consistent with preliminary results Eli Lilly released last month. Skyworks Solutions — Shares tumbled 24% after the semiconductor company said president and CEO Liam Griffin would step down. Inseego executive chairman Philip Brace will take over the role starting on Feb. 17. Separately, Skyworks’ fiscal first-quarter earnings topped estimates, while revenue matched what analysts polled by LSEG had expected. Arm Holdings — The British semiconductor designer slipped 5% despite beating analysts’ estimates in its fiscal third-quarter earnings and revenue. Arm trimmed the top end of its full-year revenue outlook from its previous forecast, now expecting full-year revenue of $3.94 billion to $4.04 billion versus a previous forecast of $3.80 billion to $4.10 billion. Yum Brands — The Taco Bell and KFC chain surged 8.5% after fourth-quarter earnings came in higher than analysts’ estimates. Yum posted adjusted earnings of $1.61 per share while analysts polled by FactSet were looking for $1.60. Yum revenue of $2.36 billion matched analysts’ estimates. Molina Healthcare — The health insurance stock slumped 9% after fourth-quarter adjusted earnings of $5.05 per share lagged analysts’ estimate of $5.88, according to FactSet. Revenue of $10.5 billion topped the $10.28 billion estimate, however. Helmerich & Payne — The oil and gas drilling company saw shares sliding more than 15% to a 52-week low after disappointing quarterly revenue. Helmerich & Payne’s fiscal first-quarter revenue of $677.3 million was weaker than the FactSet consensus estimate of $692.6 million. Adjusted earnings beat expectations. Peloton — The exercise equipment company rallied more than 17% after reporting better-than-expected revenue in its latest quarter. Peloton reported revenue of $674 million, while analysts polled by LSEG forecast $654 million. Peloton also raised its full-year earnings outlook and inched closer to turning a profit. Roblox — The video game stock sank 11% after fourth-quarter results missed expectations by several measures. Roblox reported $1.36 billion in bookings, while analysts had projected $1.37 billion, according to FactSet. Roblox also reported 85.3 million daily active users, below the 88.2 million expected. Coherent — Shares advanced 13% after the semiconductor company posted a fiscal second-quarter beat on the top and bottom lines. Coherent reported adjusted earnings of 95 cents per share on revenue of $1.44 billion, higher than the 69 cents on $1.37 billion in revenue that analysts were expecting, per FactSet. Bausch Health — The eye health stock fell 6% after its Bausch & Lomb unit, which supplies contact lenses, said it will not be taken private. The parent, however, said in a statement that “full separation remains the goal.” Shares of Bausch & Lomb fell 9%. Ralph Lauren — The luxury fashion company popped 11% after third-quarter adjusted earnings and revenue beat estimates. Ralph Lauren hit a fresh all-time high Thursday, and is on pace for its best day since Feb. 2024, when it climbed nearly 17%. Lyft — The ride-hailing platform popped 4% after it announced on Thursday it would work with Anthropic , an Alphabet -backed startup, to incorporate new artificial intelligence products to improve users’ ride-share experience. Lyft said it has already incorporated Amazon ‘s Bedrock Gen AI tool into its customer care AI assistant. Tapestry — Shares added 13%, hitting an all-time high, after the Kate Spade and Coach parent reported fiscal second-quarter adjusted earnings and revenue that topped estimates. Tapestry also raised its full-year outlook. Canada Goose — The winter coat manufacturer slipped 5% after posting fiscal third-quarter adjusted earnings that missed analysts’ estimates. Canada Goose’s revenue for its last quarter also trailed expectations. Philip Morris International — Shares rallied more than 8%. The cigarette producer is on pace for its biggest one-day advance since October. The move comes after the Marlboro owner reported better-than-expected results for the fourth quarter, boosted by sales of smoke-free products such as Zyn nicotine pouches. Huntington Ingalls — The shipbuilder plummeted 17% after fourth-quarter earnings and revenue missed estimates. The stock is on pace for its worst day since Oct. 31, when it tumbled 26%. ArcelorMittal — Shares popped 12% after the steel manufacturer raised its dividend and said demand will increase in 2025. Fourth-quarter adjusted earnings and revenue missed analysts’ estimates. Freddie Mac , Fannie Mae — The government-sponsored mortgage lenders jumped 12% and 13%, respectively, after recently confirmed U.S. housing secretary Scott Turner said he was planning to privatize the two, The Wall Street Journal reported . Qualcomm — The chipmaker lost more than 4% after some Wall Street analysts pointed to growth headwinds on the horizon. Fiscal first-quarter results were better than the Street expected, with earnings per share at $3.41 beating an estimate of $2.96 on revenue of $11.67 billion against a consensus estimate of $10.93 billion, based on analysts polled by LSEG. — CNBC’s Brian Evans, Michelle Fox, Fred Imbert, Hakyung Kim, Yun Li, Jesse Pound, Scott Schnipper and Pia Singh contributed reporting.
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