Check out some of the companies making headlines in midday trading. Warner Brothers Discovery — The parent of HBO Max and TNT Sports slumped more than 6% after saying second-quarter free cash flow totaled $702 million versus a consensus analyst estimate as compiled by StreetAccount of $863 million, while cash from operations came in at $983 million against an expected $1.29 billion. AppLovin – Shares of the marketing platform company popped 9%. AppLovin reported second-quarter earnings of $2.26 per share on revenue of $1.26 billion of revenue, while the FactSet consensus called for $1.96 per share and $1.22 billion in revenue. Third-quarter guidance also topped estimates. Advanced Micro Devices — The chipmaker rallied 5% Thursday, boosted by the Trump administration’s tariff increases on imported semiconductors , one day after sliding more than 6% in the wake of disappointing second-quarter earnings reported late Tuesday. Paycom Software – The payroll software company popped 7% on the heels of a beat and raise. Second-quarter adjusted earnings came in at $2.06 per share on revenue of $483.6 million. Analysts polled by FactSet sought $1.78 per share in earnings and $472.0 million in revenue. Paycom also lifted its revenue guidance for the full year. Becton, Dickinson & Co – The medical tech company’s shares jumped 8% after it lifted its outlook for fiscal 2025. The company sees adjusted earnings for the year ranging from $14.30 to $14.45 per share, up from earlier guidance of $14.06 to $14.34 a share. Duolingo — The language learning app soared 26% after posting a second-quarter beat on both the top and bottom lines. Duolingo also guided for current-quarter revenue in the range of between $257 million and $261 million, while analysts polled by LSEG had penciled in $253 million. Fortinet — The cybersecurity stock fell 25% after Fortinet issued lackluster guidance for its third-quarter revenue and reported second-quarter revenue of $1.63 billion, matching expectations. Following its print, Morgan Stanley, Piper Sandler and KeyBanc downgraded shares Eli Lilly — The pharmaceutical stock dropped more than 13% despite posting a second-quarter earnings and revenue beat . The company also raised guidance for both its full-year earnings and revenue. Eli Lilly reported that the highest dose of an experimental daily pill helped patients with obesity lose around 12% of their body weight at 72 weeks in a late-stage trial. Airbnb — The travel rental company saw shares fall 8%. While its second-quarter results beat analysts’ expectations, the company is forecasting a weaker second half of the year. Third-quarter revenue is estimated to be between $4.02 billion and $4.10 billion. Analysts were predicting $4.05 billion in revenue for the period. HubSpot — Shares reversed earlier gains and slid 8%. The software company reported second-quarter adjusted earnings of $2.19 per share on revenue of $760.9 million, while analysts polled by FactSet had expected $2.12 per share and $739.4 million in revenue. HubSpot also shared third-quarter and full-year guidance that exceeded estimates. E.l.f. Beauty — Shares tumbled 13% after the cosmetics manufacturer said its profits, down 30% year over year , took a hit from new tariffs on China goods. E.l.f. declined to estimate fiscal 2026 revenue due to a “wide range of potential outcomes” and instead issued guidance only for the first half of the fiscal year. Dutch Bros — Shares surged 20% after the coffee chain posted a second-quarter earnings and revenue beat. Dutch Bros’ same-store sales rose 6.1% year over year. The company also raised its guidance for its full-year same-store sales and adjusted earnings before interest, taxes, depreciation and amortization. Aris Water Solutions — The water infrastructure stock climbed 21% after Western Midstream Partners announced it would be acquiring Aris Water Solutions in an equity-and-cash transaction worth about $1.5 billion, expected to close in the fourth quarter. Shares of Western Midstream Partners were last down less than 1%. Topgolf Callaway Brands — Shares popped 9% after the golf and active lifestyle company posted second-quarter adjusted earnings of 24 cents per share on revenue of $1.11 billion. Analysts had been looking for earnings of 2 cents per share and revenue of $1.09 billion, per FactSet. Rogers Corp — The engineering materials stock rose about 6% after activist investor Starboard Value disclosed Wednesday in a securities filing it had built a stake of more than 9% in the company. Starboard’s latest 13F filing revealed it held an approximate position of 1% in the company as of March 31. Zimmer Biomet – The medical tech company saw shares gain 7% after it raised guidance for the full year. The company sees adjusted earnings coming in at $8.10 to $8.30 per share, versus its prior guidance of $7.90 to $8.10 per share. This also tops the FactSet consensus call for $7.97 per share. Firefly Aerospace — Shares of the Texas-based rocket maker will debut on Thursday on the Nasdaq under the “FLY” ticker symbol. On Wednesday, the stock priced in its initial public offering at $45 each, which was above its expected range. — CNBC’s Scott Schnipper, Michelle Fox, Alex Harring, Yun Li and Lisa Kailai Han contributed reporting.
