Check out the companies making the biggest moves at noon: Brighthouse Financial — The insurance company soared 26% after announcing it would be acquired by Aquarian Capital for $70 a share in cash, or about $4.1 billion. The deal is expected to close next year. Golden Entertainment — The casino operator soared 36% after announcing it would be acquired by Blake Sartini for $30 per share. This is a 41% premium from Wednesday’s closing price. The deal is expected to close in the middle of next year. Datadog — Shares of the cloud cybersecurity company soared 21% after better-than-expected third-quarter results. Datadog earned 55 cents a share, excluding certain items, on revenue of $886 million. Analysts had expected sales of $853.5 million and earnings per share of 45 cents. DataDog also raised its full-year profit outlook. Marriott Vacations Worldwide — Shares fell 24% as the global timeshare company lowered its full-year adjusted EBITDA outlook. Marriott Vacations expects a profit range of $740 million to $755 million, down from a previous range of $750 million to $780 million. Haemonetics — The medical products maker’s September quarter profit, excluding one-time items, beat analysts’ top estimates and sales soared 25%, according to figures from FactSet Consensus Research. The outlook for profit and free cash flow for the fiscal year ending March has also improved. Cogent Communications — The internet service provider plunged 32% after reporting disappointing third-quarter results, cutting its dividend and suspending stock buybacks. Qualcomm — Shares fell 4% as Qualcomm expects to lose Apple as a customer for its modem business over the next few years. The potential loss will weigh on Qualcomm’s fiscal fourth-quarter profit, which saw revenue beat expectations for a strong current quarter. Under Armor — This sportswear company fell 5% despite outperforming profits and revenue. Under Armor reported second-quarter earnings of 4 cents per adjusted share on revenue of $1.33 billion. Analysts polled by LSEG expected EPS of 2 cents and revenue of $1.31 billion. Duolingo — Shares fell 29% after the company’s fourth-quarter order forecast fell short of expectations. The language learning platform beat third-quarter revenue estimates and raised its sales outlook. Third-quarter revenue was $271.7 million, beating expectations of $260.3 million. The company currently expects sales to be between $1.028 billion and $1.032 billion this year. Snap — The social media platform soared 10% after announcing a $500 million buyback program and providing strong fourth-quarter revenue guidance. Additionally, Snap said it will pay $400 million for Perplexity AI to integrate the AI startup’s search functionality into Snapchat. AppLovin — Software stocks rose 3% after AppLovin reported better-than-expected quarterly results. For the third quarter, AppLovin’s adjusted EBITDA was $1.16 billion, compared to the $1.09 billion expected by analysts surveyed by FactSet. Revenue was $1.41 billion, beating the consensus estimate of $1.34 billion. The company also announced a positive outlook for the fourth quarter. Papa John’s International — Shares fell 3% as the pizza chain announced poor third-quarter results. Papa John’s earned 32 cents per share last quarter on revenue of $508.2 million. Analysts polled by LSEG expected earnings of 41 cents and revenue of $523.8 million. The stock has fallen 19% this week and fell on Tuesday after Reuters reported that Apollo Global had withdrawn its proposal to take Papa John’s private. Lyft — The ride-hailing stock rose 7% after beating earnings. Lyft earned 11 cents per share. Analysts polled by LSEG had expected earnings of 8 cents per share. DoorDash — The meal delivery company plunged more than 15% after reporting mixed third-quarter results. DoorDash reported earnings of 55 cents per share, below the 69 cents per share expected by analysts surveyed by LSEG. However, sales of $3.45 billion exceeded analysts’ expectations of $3.36 billion. Fortinet — The cybersecurity stock fell 7% after Fortinet lowered its full-year earnings forecast, even though third-quarter profits beat expectations. Fortinet earned 74 cents per share, excluding items, on revenue of $1.72 billion. Analysts polled by LSEG had expected earnings of 63 cents per share on revenue of $1.7 billion. However, the company revised its revenue outlook for the year-end to between $6.72 billion and $6.78 billion, down slightly from its previous forecast of $6.68 billion to $6.83 billion. HubSpot — Shares fell 18% despite reporting better-than-expected earnings and earnings. In the third quarter, HubSpot reported earnings of $2.66 per share, excluding items, on revenue of $810 million. Analysts polled by LSEG had expected earnings of $2.58 per share and revenue of $787 million. elf Beauty — The beauty products maker fell more than 31% after releasing disappointing full-year earnings guidance. — CNBC’s Sean Conlon, Sarah Ming, Scott Schnipper, Lisa Han and Liz Napolitano contributed reporting
Stocks with the biggest price movements at midday: BHF, DUOL, DDOG, SNAP
