Media stock lost more than 5%, more than 5%, and more than 5%, as CBS’ parent company continued to return some of its sharp profits in August. JM SMUCKER – Makers of Cafe Bustelo Coffee and Jif Peanut Butter slipped 5% off 5% after quarter net income and revenue dragged Wall Street estimates, warning that second quarter adjusted revenues were largely attributable to small coffee profits, according to fact set. Donaldson – After fourth-quarter revenue and revenue exceeded analyst estimates, Air and Liquid Filters manufacturers jumped over 7%, increasing the fiscal year’s profit and sales guidance that Wall Street had previously estimated. Elanco Animal Health – After S&P Dow Jones Indices added stock to the S&P Midcap 400 index, the manufacturer of pet and farm animal treatments climbed nearly 4%. Aspen Insurance and the victims’ insurance company agreed that Japan’s SOMPO holdings will rise 14% at $37.50, with Japan’s SOMPO holdings winning. American Eagle – The retailer has won over 4% after unveiling a limited collaboration with Tru Kolors, the brand of NFL star Travis Kelce. Krispy Kreme – The donut chain dropped over 6% after JPMorgan downgraded to underweight from neutral. “This disruption led to it becoming survivor mode, including the sale of various store assets around the world and attempts to shift to three-part delivery to reduce costs and operational complexity,” writes Jpmorgan. MONGODB – Database platform developers rose 34% after the latest results violated Wall Street analyst estimates. MongoDB reported adjusted earnings of $1 per share with revenue of $591 million. Coles – Department store chains rose 18% after adjusting for second-quarter earnings of 56 cents per share and surpassing the LSEG consensus estimate of 29 cents per share. Revenues also exceeded expectations. Canada Goose – The US registered shares of the luxury parka maker rose 14% after CNBC reported that control shareholder Bain Capital received a bid to make the company private. People familiar with the issue say that Canada’s geese are around $1.35 billion. OKTA – Identity software makers rose 3% after quarterly results and full-year guidance broke street expectations. OKTA scored 91 cents per share in the most recent quarter, while analysts voted by LSEG called for 84 cents. Revenue of $728 million exceeded the expected $712 million. Okta co-founder and CEO Todd McKinnon told CNBC Tuesday that the results are “a lot better than we thought.” NVIDIA – The dominant manufacturer of chips used to power artificial intelligence is slightly higher than revenue results released Wednesday after closing. Cracker Barrel Old Country Store – The family restaurant chain won 8% after saying it would scrap a controversial rebranding plan after a backlash from customers and President Donald Trump. ECHOSTAR – Telecom Provider rose 14% and extended its 70% or more Tuesday’s rally after AT&T agreed to purchase wireless spectrum licenses for around $23 billion on all cash transactions. NCINO – Stocks rose 15% after the latest results from Cloud Solutions Provider tops Wall Street forecasts. Adjusted earnings of 22 cents per share were better than the analysts voted in by LSEG, but revenues of $149 million exceeded the analyst consensus of $6 million. Box – Content Management providers rose 3% after adjustable earnings of 33 cents per share in the most recent quarter beat the LSEG consensus estimate of 31 cents per share, with revenues of $294 million surpassing its $291 million forecast. Box also raised its full-year revenue guidance. – CNBC’s Michelle Fox, Alex Hurling and Scott Schnipper contributed the report.
Noon stock making the biggest move: PSKY, DNUT, KSS, NVDA
