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Stocks making the biggest moves midday: Krispy Kreme, Chegg, Zoom Communications and more

By CNBC by By CNBC
February 25, 2025
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Check out the companies making headlines in midday trading. Solventum — Shares surged roughly 10% after the health-care company announced it would sell its purification and filtration business to Thermo Fisher Scientific for $4.1 billion. The transaction is expected to wrap up by the end of 2025. Sempra — The utility stock plunged 20%. Sempra lowered its full-year profit forecast, calling for adjusted earnings of $4.30 to $4.70 per share, versus its earlier guidance of $4.90 to $5.25 per share. Fourth-quarter results also missed the mark on top and bottom lines. Krispy Kreme — Shares tumbled 24% after the doughnut chain missed its fourth-quarter expectations. Krispy Kreme posted adjusted earnings of 1 cent per share on revenue of $404.0 million, lower than the 10 cents on $414 million in revenue analysts polled by FactSet had expected. The company’s full-year guidance also disappointed analysts’ earnings and revenue forecasts. American Tower — The telecommunications stock added 6% on the back of a fourth-quarter revenue beat. American Tower posted revenue of $2.55 billion, versus the $2.51 billion expected by analysts, according to FactSet. Li Auto — U.S.-traded shares surged about 13% after the Chinese electric vehicle company shared new photos of its first full-electric sports utility vehicle, the Li Auto i8. The company released the two photos on its WeChat account after market hours. Home Depot — The home improvement retailer saw shares climbing more than 4% after the firm posted positive comparable sales after eight straight quarters of declines. Home Depot also narrowly beat Wall Street’s fourth-quarter earnings estimates even as high rates and housing prices dampened consumer demand for large remodels and pricier projects. Eli Lilly — The stock gained more than 2% on the heels of the pharmaceutical company launching higher dose vials of its weight loss drug Zepbound at a lower price for patients through a “self-pay pharmacy” section on its direct-to-consumer website. Keurig Dr Pepper — The beverage stock popped 3% after the company beat on both the top and bottom lines last quarter. Keurig earned an adjusted 58 cents per share on revenue of $4.07 billion, while analysts polled by FactSet had called for 57 cents per share and $4.01 billion, respectively. Super Micro Computer — Shares fell 8% as Super Micro’s key filing deadline day arrived. In December, the company received an extension until Feb. 25 to file its updated financial statements. Hims & Hers Health — The telehealth stock plummeted nearly 25%. Hims & Hers posted a fourth-quarter gross margin that disappointed Wall Street. The stock tumbled late last week when the U.S. Food and Drug Administration declared that Wegovy and Ozempic are no longer in shortage. Tempus AI — The artificial intelligence-powered biotech stock plunged 16% after Tempus AI posted fourth-quarter revenue of $201 million, while analysts called for $203 million, per LSEG. PayPal — The payments stock fell 2% after the company reaffirmed its 2025 financial guidance at an investor day event. PayPal did say it expected its adjusted earnings per share growth to accelerate by 2027. The stock initially opened higher before declining in morning trading. Chegg — The online education stock tanked 28% after Chegg posted a net loss of $6.1 million on $143.5 million in revenue for its fourth quarter, marking a year-over-year decline of 24%. On Monday Chegg sued Google , claiming that the latter’s AI summaries of search results have hurt Chegg’s traffic and revenue. Cleveland-Cliffs — Shares declined nearly 5% after the steel company reported a loss of 92 cents per share for the fourth quarter, which was wider than the 61 cents analysts had expected, per LSEG. Cleveland-Cliffs’ revenue for the quarter fell 15% on a year-over-year basis. Zoom Communications — Shares shed 8% after the video conferencing company guided for full-year revenue of between $4.785 billion and $4.795 billion. This came below the $4.81 billion analysts polled by FactSet were looking for. Bank stocks — The major banks fell on Tuesday over rising recession concerns after consumer confidence for February missed expectations. Citigroup , JPMorgan , Goldman Sachs and Wells Fargo all shed roughly 2%, while Morgan Stanley and Bank of America slipped more than 1%. Tesla – Shares of the electric vehicle maker slid nearly 8%, dropping for a fourth consecutive day and pulling Tesla’s market capitalization below $1 trillion. Tesla’s tumble is occurring as investors flee speculative corners of the market, including a slate of megacap tech names. — CNBC’s Sean Conlon, Alex Harring, Yun Li and Jesse Pound contributed reporting.



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Tags: American Tower CorpBank of America CorpBreaking newsBreaking News: MarketsBusinessbusiness newsChegg IncCitigroup IncCleveland-Cliffs IncEconomyGoldman Sachs Group IncHims & Hers Health IncHome Depot IncJPMorgan Chase & CoKeurig Dr Pepper IncKrispy Kreme IncLi Auto IncLILLY DRNMarket InsiderMarketsMorgan StanleyPayPal Holdings Incregwall-marketmoversSempraSolventum CorpStock marketsSuper Micro Computer IncTempus AI IncTesla IncWells Fargo & CoZoom Video Communications Inc
By CNBC

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