Check out the companies making headlines in the midday trading: Delta Air Lines – The Atlanta-based carrier has fallen over 7% after cutting revenue and revenue guidance for the first quarter. Delta has increased its revenue this quarter to under 5% per year, falling in search of an increase of 6% to 8% from its January estimate. The airline also reduced its adjusted earnings forecast from 70 cents in its previous range to 50 cents from 30 cents per share. Verizon Communications – Mobile phone and internet service providers have dropped by around 6.6% after saying in the first quarter growth in wireless subscribers would be softer due to off-season promotions from competitors. Verizon has seen rebounds in the second half of 2025 and is targeting single-digit growth with annual phone upgrades. SouthwestAirlines – The Dallas-based airline has surged 8.3% after it began charging for check-in bags and said it would provide basic economic fares. The change came after pressure from activist investor Elliott Investment Management. GE Healthcare Technologies – After Goldman Sachs upgraded its investment opinion to buy from Neutral, medical device manufacturers rose 0.3%, raising their 12-month price target. Asana – Shares collapsed 24.2% after CEO Dustin Moskovitz announced his retirement. Asana also issued soft guidance. The company currently expects first quarter revenue to be between $184.5 million and $186.5 million. Asana also looks at $782 million to $790 million in annual revenue, while analysts were looking for $833.5 million. Oracle – Cloud computing stock fell more than 3% after quarter revenue was weaker than expected. Oracle reported $1.47 in adjusted earnings per share, with analysts surveyed by LSEG surveyed $1.49. Kohl’s – Department stores fell around 24.1% following weak advance guidance and fourth quarter results. According to LSEG, retailers estimated earnings per share this fiscal year between 10 cents and 60 cents. Kohl’s expects net sales to fall by 5% to 7%, while analysts forecast a 1.6% decline. Reddit – Social network inventory skyrocketed 14.4%. According to Loop Capital, Reddit says “there is the biggest potential for rises related to street estimates for our coverage universe.” Teradyne – Designers and manufacturers of automated test equipment and robotic systems plummeted about 17.1% after lowering guidance before investor day. Teradyne currently expects revenue to decline 10% from flat after forecasting revenue growth of 5% to 10% for the second quarter. Management cited uncertainty from tariffs and trade restrictions. – CNBC’s Yun Lee, Salamine and Shawn Conlon contributed the report.
orcl, dal, ter, rddt, etc.
