Check out the companies making headlines in the midday trading: Costco – Stocks drop almost 7% after revenue from retail giants who missed Wall Street estimates in the second quarter. Costco reported earnings of $4.02 per share for a period below the $4.11 per share expected by analysts surveyed by LSEG. However, revenue for the second quarter surpassed estimates. Broadcom – The chipmaker popped 5% after posting fiscal first quarter revenues that exceeded analyst expectations, according to LSEG. Broadcom also led its second quarter revenue to a derivation of approximately $14.9 billion. Mobileye Global – The autonomous driving technology manufacturer’s shares rose more than 2% after regulatory applications revealed that Steve Cohen’s hedge fund Point72 had acquired a 5% stake in the company. But Cohen, a big bull of artificial intelligence, is away from the trade. Tesla – The electric car company pulled back 2.5%, adding it to the struggle that week. This week, the stock slipped over 13%. The shares rose 7% following the announcement that Walgreens Boots Alliance – Drugstore Chain’s private equity company Sycamore Partners would be taking it. The company will pay $11.45 per share in Walgreens cash. Hewlett Packard Enterprise – The server maker pulled back more than 16% after its second quarter outlook missed analyst estimates, but it also missed out on expectations for annual revenue estimates. Hewlett Packard forecasts adjusted revenues ranging from $1.70 to $1.90 per share for 2025, with analysts voted by LSEG looking for $2.13 per share. Samsara – Stocks fell more than 16% after the software company predicted first quarter guidance in line with analyst estimates. Samsara expects earnings per share to be between $350 million and $352 million, ranging from 5 to 6 cents. Analysts surveyed by LSEG were looking for five cents with earnings per share and revenue of $351 million. Bigbear.ai – Artificial intelligence companies plummeted by more than 22%. bigbear.ai said it was seeing “short-term delays or disruptions in federal contracts” as a result of the Trump administration’s cost-cutting efforts. Apparel stocks rose 3.9% after Lands ‘End – Lands’ End began exploring strategic alternatives, including selling the company. Gap – Stocks added 11.1% after Gap reported fourth quarter beats at the top and bottom lines. Earnings of $4.15 billion, with a gap of 54 cents per share. Analysts were hoping for profits of 37 cents per share and $4.07 billion in revenue. Cooper – The medical device maker fell 7% after the company posted fiscal first quarter revenues that it missed analysts’ expectations. Cooper’s topline appeared at $964.7 million, with analysts voted by FactSet looking for $978.1 million. – CNBC’s Yun Li, Lisa Kailai Han, Michelle Fox and Sean Conlon contributed the report.
Cost, TSLA, AVGO, gap, etc.
