Take a look at the companies making headlines in midday trading: JetBlue Airways — The New York-based airline rose 7.2% after raising its forward guidance for third-quarter revenue. JetBlue now expects revenue to be in a range of 2.5% to 1%, compared with the same period a year ago. Previously, a loss of between 5.5% and 1.5% was expected. G-III Apparel Group — Shares rose 22% after the apparel maker posted second-quarter results that beat estimates. Adjusted earnings of 52 cents per share beat the 27 cents per share that analysts were expecting, according to FactSet. Revenue of $644.8 million fell slightly short of the $649.5 million estimate. Hewlett Packard Enterprise — Shares fell 6% after Hewlett Packard Enterprise saw gross margins decline from a year ago. Fiscal third-quarter results beat expectations, with Hewlett Packard Enterprise citing strong demand for artificial intelligence products. Frontier Communications, Verizon Communications — Shares of Frontier Communications fell 9.5% after Verizon said it will buy the fiber-optic internet provider in an all-cash deal worth $20 billion, or $38.50 a share. Frontier had risen 38% on Wednesday following leaked reports of a potential deal. Verizon was down slightly on Thursday. Shoe Carnival — Shares rose 8.2% after the retailer beat second-quarter profit estimates and raised the low end of its third-quarter and full-year financial guidance. Shoe Carnival reported adjusted earnings of 83 cents a share on revenue of $332.7 million, while analysts polled by FactSet anticipated earnings of 81 cents a share on revenue of $331.5 million. Casey's General Stores — Shares rose 7.4% after the convenience store chain posted fiscal first-quarter earnings of $4.83 per share, beating the $4.50 in earnings per share expected by analysts, according to FactSet. Revenue of $4.10 billion was below the $4.15 billion estimate. ChargePoint — Shares plunged 17.8% after the electric vehicle charging company's second-quarter revenue fell short of expectations. ChargePoint posted $109 million in revenue for the period, while analysts polled by LSEG expected $114 million. The company also plans to cut 15% of its workforce and expects third-quarter revenue to come in below estimates. Verint Systems — Automation stock fell 11.2% after a worse-than-expected second-quarter earnings report. Verint earned an adjusted 49 cents per share on $210 million in revenue, while analysts polled by LSEG had anticipated 53 cents per share and $213 million in revenue. C3.ai — Shares fell 8.2% after the enterprise AI company posted weaker-than-expected subscription revenue. For its fiscal first quarter, C3.ai posted $73.5 million in revenue, less than the $79.2 million expected by analysts polled by FactSet. Credo Technology Group — Shares dropped 14.9% following the company’s fiscal first-quarter results. For the quarter, Credo had adjusted earnings of 4 cents per share, in line with what analysts polled by FactSet expected but below the highest estimate of 5 cents per share. Roku — Shares of the streaming platform rose about 5% following an upgrade to equal weight from underweight at Wells Fargo. The bank pointed to the Roku Channel as a catalyst, saying it continues to gain TV time shares with potential monetization upside, analyst Steven Cahall wrote. Tesla — Shares of the electric vehicle company rose 4.9% after Tesla said it would launch its advanced driver assistance in Europe and China in the first quarter of 2025, “pending regulatory approval.” The technology is marketed by Tesla as “Full Self Driving” and upgrades Tesla’s Autopilot driver assistant. Old Dominion Freight Line — Shares fell 4.9% after Old Dominion Freight Line’s year-over-year daily revenue fell 5.2% in August as less-than-truckload tonnage fell 6.1%. Zimmer Biomet — Shares fell 8.7% after the medical device maker at a Wells Fargo conference noted a “temporary challenge” with the transition from a legacy software system that could have a 1% effect on fiscal year sales, according to FactSet. McKesson — Shares fell 9.9% after the medical supplies distributor, at a Wells Fargo conference, issued weaker-than-expected fiscal second-quarter earnings guidance, according to FactSet. McKesson anticipates earnings of $6.70 to $7.00 per share, lower than the FactSet consensus estimate of $7.39 in earnings per share. Toro Company — Shares fell 10.1% after the maker of lawn mowers and garden equipment missed earnings and revenue expectations. In its fiscal third quarter, Toro posted adjusted earnings of $1.18 per share on revenue of $1.16 billion. Analysts polled by FactSet had estimated earnings per share of $1.23 on revenue of $1.26 billion. — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li and Pia Singh contributed to this report.
