Check out the companies making headlines in Noon Transaction: Victoria’s Secret after lingerie retailers issued lighter forecast guidance for the first quarter. Stocks fell 8.2%. Victoria’s Secret believes revenues are rising between $1.3 billion and $1.33 billion over the period, but analysts voted by LSEG estimate $1.39 billion. Management cited the background of uncertain macros and changing consumer trust. Marvell Technology – Semiconductor Company’s shares slid 19.8% after Marvell recorded Modest Beats in the fourth quarter. Marvell reported adjusted earnings of 60 cents per share, while analysts surveyed by LSEG expected 59 cents per share with revenue of $1.8 billion. Barclays proposed in a memo that said strong results from other Amazon supply chain companies raised expectations for Marvel ahead of the report, and that artificial intelligence companies were “punished despite the better basics.” Semiconductor Stocks – The stocks of the famous chipmaker skated in sympathy for Marvel’s downbeat move. Nvidia’s stock has been reduced by 5.7%, and is trading around 5.6% and 4.6% lower in semiconductors and Taiwanese semiconductor manufacturing, respectively. MONGODB – The stock sank 26.9% after the database software maker derives adjusted revenues of $2.44 to $2.62 and revenues of $22.8 billion for fiscal year 2026. Rigetti Computing – Stock reversed early losses to score around 4% despite the company’s fourth quarter results missed expectations despite losing expectations. Rigetti posted a loss of 68 cents per share on revenue of $2.3 million, but Analyst voted on fact sets and expected losses of 7 cents per share and $2.5 million in revenue. Amazon – Megacap e-Commerce Giant shares fell 3.7%, returning 2.2% profit from the previous session. Stock is at a pace that will close over 5% of the week. ZSCALER – Cloud Security Stock accounted for 2.9% after the company posted second quarter beats on both the top and bottom lines. Zscaler posted adjusted earnings of 78 cents per share with revenue of $648 million, while analysts voted by LSEG stacked pencils at 69 cents per share and revenue of $636 million. The company also believes it is expected to earn third quarter revenues that exceed analyst estimates. Teladoc – Telehealth Firms Teladoc and Lifemd announced on Thursday that they signed a contract to provide Eli Lilly’s weight loss drug Zepbound to self-paid patients, with Teladoc having surpassed 4%. LifeMD shares fell nearly 1%. VEEVA Systems – Cloud computing company stock price rose 7.4% after adjusted revenue and revenue for Beat Analyst estimates for the fourth quarter. Veeva also posted strong guidance this quarter. Grindr – LGBTQ social networks and dating app stocks slipped 16%. Grindr posted a full year net loss of $131.0 million. Venture Global – Stocks from a natural gas exporter, published in January, plummeted more than 36% after recording a fourth quarter revenue decline. Burlington Store – Clothing retailer won around 8.7% in strong fourth quarter results. The Burlington store reported adjusted earnings of $4.07 per share at $32.8 billion. Analysts surveyed by LSEG sought earnings of $3.76 per share and revenues of $3.23 billion. BJ Wholesale Club – Big Box Retailer stock jumped 12.2%. BJ wholesale recorded fourth quarter adjusted revenue of 93 cents with revenue of $5.28 billion. The analyst has surpassed 88 cents in earnings per share and earnings of over $5.27 billion. – Reported by CNBC’s Sean Conlong, Hakyung Kim, Lisa Han and Michelle Fox.
Stocks making the biggest moves at noon: MRVL, AMZN, ZS, TDOC
