PLNT, AMC, ABNB, RBLX and more
Check out the companies making headlines in midday trading. Planet Fitness — Shares jumped 5.6% after trading lower premarket Thursday. First-quarter earnings excluding one-time items of 53 cents a share topped analysts’ consensus estimate of 50 cents, EBITDA of $106.3 million was better than an estimated $104.8 million and comparable unit sales of 6.2% beat an estimated 4.2%, according to analysts’ average estimates from FactSet. Yeti — The drinkware maker popped 12.8% on the back of strong first-quarter financials. Yeti earned 34 cents per share, excluding items, on $341.4 million in revenue, while analysts polled by FactSet had expected 24 cents a share and $333.3 million. Yeti also raised its full-year guidance for earnings per share, while reaffirming its revenue growth outlook. Arm — Shares of British chip designer fell 2.3% in volatile trading after the company issued revenue guidance that left investors unimpressed. Forthe full year 2025, Arm said it expects revenue of $3.8 billion to $4.1 billion, versus analyst expectations of $3.99 billion for the full year, according to LSEG data. The lackluster outlook overshadowed Arm’s positive sales quarter with a 47% year-over-year rise in revenue. Klaviyo — The data stock surged 11.8% on strong guidance. Klaviyo told investors to expect second-quarter revenue between $211 million and $213 million, above the $210 million anticipated from analysts polled by LSEG. Airbnb — The vacation rental company tumbled 6.9% after offering weaker-than-expected guidance. Airbnb said revenue in its second quarter total $2.68 billion to $2.74 billion, while analysts were expecting $2.74 billion, according to LSEG. For the first quarter, Airbnb beat analysts’ estimates in revenue and earnings. AppLovin — The mobile technology company soared 14.5% on the heels of better-than-expected first quarter earnings . AppLovin earned 67 cents per share in the latest period, 10 cents more than expected from analysts polled by LSEG. Revenue came in at $1.06 billion, also topping the $974 million consensus estimate. SolarEdge — The alternative energy company lost 8.5% after posting a wider-than-expected loss of $1.90 per share in the first quarter, worse than analysts’ consensus estim ate of a $1.55 loss, according to FactSet. Quarterly revenue of $204 million topped expectations but tumbled from nearly $1 billion in revenue last year . AMC Entertainment — The movie theater chain dropped 4.4% after saying first-quarter revenue and attendance declined from the same period a year earlier. AMC’s financials for the quarter matched expectations set by the company last month. Duolingo — The language training platform slid 18%. Despite beating Wall Street expectations for first-quarter revenue, Duolingo offered a range for current-quarter guidance that failed to exceed the consensus forecast of analysts polled by FactSet, and adjusted EBITDA margins for the second quarter and full year that were lower than the first quarter. Bumble — Shares moved 11.4% higher after the dating app said postmarket Wednesday it earned 19 cents in the first quarter, topping the FactSet consensus estimate of 7 cents. Revenue also beat, coming in $267.8 million, versus the $265.4 million expected from analysts. Warby Parker — The eyewear maker surged 18% following first quarter results that exceeded expectations. Warby lost 2 cents a share, narrower than the consensus forecast of 9 cents per share from analysts surveyed by FactSet. Revenue came in at $200 million for the three-month period, higher than the $196.4 million predicted by the Street. Tapestry — Shares rose 3.6% after the Coach and Kate Spade apparel company reported better-than-expected earnings in its fiscal third quarter. Tapestry generated 81 cents in adjusted earnings per share versus the 67 cents per share projected by analysts, according to LSEG. Tapestry also lowered its full-year revenue outlook. Roblox – The video game developer sank more than 22.1% after slashing its annual bookings guidance amid a decline in engagement. Roblox said it anticipates full-year bookings to range between $4 billion and $4.10 billion, down from previous guidance of $4.14 billion to $4.28 billion. Forward Air — The logistics stock plunged 22.1% after reporting a loss of 64 cents per share on an adjusted basis in the first quarter. That’s twice as bad as the worst estimate of analysts surveyed by FactSet. Leadership said the company continued to face “challenging market conditions,” including soft demand, excess capacity and pricing pressure. Cheesecake Factory — Shares rallied 6.2% after the chain’s first quarter earnings beat estimates. Raymond James upgraded the casual dining operator to outperform from market perform on the back of the results, highlighting its strong relative outperformance amid weakening industry trends. Affirm — The buy-now-pay later stock bounced 10.2%, paring Wednesday’s decline. JPMorgan upgraded the shares to overweight on Thursday, calling the stock’s lower price a good entry point for investors. Norfolk Southern — The Virginia-based railroad fell 2.5% after Norfolk Southern shareholders elected three board members nominated by activist investor Ancora, but failed to oust incumbent CEO Alan Shaw, ending a proxy battle. Equinix — The data center real estate investment trust climbed 11.5% after reporting an earnings beat postmarket Wednesday. Equinix’s adjusted earnings before interest, taxes, depreciation and amortization came in at $992 million for the first quarter, versus the $981.3 million FactSet consensus estimate. Equinix CEO Charles Meyers said the “rapidly evolving AI landscape” continued to be a catalyst pushing earnings higher. — CNBC’s Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Hakyung Kim, Tanaya Macheel, Michelle Fox and Scott Schnipper contributed reporting
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