Take a look at the companies making headlines in midday trading. Planet Fitness — Shares rose 5.6% after trading lower premarket Thursday. Analysts said first-quarter earnings excluding one-time items were 53 cents per share, exceeding analysts’ consensus forecast of 50 cents, EBITDA was $106.3 million, better than the expected $104.8 million, and comparable unit sales were 6.2%, exceeding expectations of 4.2%. Yeti — Shares of Yeti rose 12.8% on the back of strong first-quarter financial performance. Yeti earned 34 cents per share, excluding items, on revenue of $341.4 million, while analysts polled by FactSet had expected earnings of 24 cents per share on revenue of $333.3 million. Yeti also raised its full-year earnings per share guidance while reaffirming its revenue growth outlook. Arm — Shares of the British chip designer fell 2.3% in volatile trading after the company issued revenue guidance that failed to impress investors. Arm said it expects full-year revenue of $3.8 billion to $4.1 billion in 2025, while analysts expected full-year revenue of $3.99 billion, according to LSEG. The bleak outlook overshadowed a positive sales quarter in which Arm’s revenue rose 47% year over year. Klaviyo — The data stock surged 11.8% on strong guidance. Klaviyo told investors it expected second-quarter revenue to be between $211 million and $213 million, above the $210 million expected by analysts surveyed by LSEG. Airbnb — Shares of Airbnb fell 6.9% after the vacation rental company issued lower-than-expected guidance. Airbnb said second-quarter revenue totaled $2.68 billion to $2.74 billion, compared with analysts’ expectations of $2.74 billion, according to LSEG. In the first quarter, Airbnb’s revenue and profit exceeded analysts’ expectations. AppLovin — The mobile technology company’s shares soared 14.5% after first-quarter profit beat estimates. AppLovin’s most recent earnings per share were 67 cents, 10 cents higher than analysts polled by LSEG expected. Revenue of $1.06 billion also beat consensus estimates of $974 million. SolarEdge — The alternative energy company’s first-quarter loss of $1.90 per share beat estimates, sending its shares down 8.5%, missing analysts’ consensus estimate of a $1.55 loss, according to FactSet. Quarterly revenue of $204 million beat expectations, but was down from nearly $1 billion in revenue last year. AMC Entertainment — Shares fell 4.4% after the theater chain said first-quarter revenue and attendance fell from a year earlier. AMC’s financials for the quarter were in line with expectations the company set last month. Duolingo – language training platform fell 18%. Despite beating Wall Street expectations for first-quarter revenue, Duolingo offered a range for current-quarter guidance that failed to exceed the consensus forecast of analysts polled by FactSet, and adjusted EBITDA margins for the second quarter and full year that were lower than the first Quarter. Bumble — Shares of Bumble rose 11.4% after the dating app said it earned 19 cents in the first quarter after going public Wednesday, beating the FactSet consensus estimate of 7 cents. Revenue also beat expectations, reaching $267.8 million, higher than analysts’ expectations of $265.4 million. Warby Parker – The eyewear maker’s first-quarter results beat expectations, sending its stock soaring 18%. Warby’s loss was 2 cents per share, below the consensus forecast of 9 cents per share by analysts polled by FactSet. Revenue for the three months was $200 million, above Wall Street forecasts of $196.4 million. Tapestry — Coach and Kate Spade shares rose 3.6% after the apparel company reported better-than-expected third-quarter profit. Tapestry had adjusted earnings of 81 cents per share, compared with analysts’ forecast of 67 cents, according to LSEG. Tapestry also lowered its full-year revenue forecast. Roblox – Shares of Roblox fell more than 22.1% after the video game developer slashed its annual pre-order guidance due to declining engagement. Roblox said it expects full-year bookings to be between $4 billion and $4.1 billion, down from previous guidance of $4.14 billion to $4.28 billion. Forward Air — The logistics stock plunged 22.1% after posting an adjusted loss of 64 cents per share in the first quarter. That’s worse than twice the worst estimate of analysts polled by FactSet. Leadership said the company continues to face “challenging market conditions,” including weak demand, overcapacity and pricing pressure. Cheesecake Factory — Shares of Cheesecake Factory rose 6.2% after the chain beat first-quarter profit expectations. Raymond James upgraded the casual-dining restaurant operator to outperform on the back of results, underscoring its relatively strong performance amid softer industry trends. Affirm – The buy now, pay later stock rebounded 10.2%, recouping Wednesday’s losses. JPMorgan upgraded the stock to “overweight” on Thursday, saying the stock’s lower price was a good entry point for investors. Norfolk Southern — Norfolk Southern shareholders elected three board members nominated by activist investor Ancora but failed to oust current CEO Alan Shaw Shaw, ending its proxy fight, sending shares of the Virginia-based railroad down 2.5%. Equinix — Shares of Data Center Real Estate Investment Trust rose 11.5% Wednesday after reporting better-than-expected earnings after the bell. Equinix’s first-quarter adjusted earnings before interest, taxes, depreciation and amortization came in at $992 million, compared with the FactSet consensus of $981.3 million. Equinix Chief Executive Charles Meyers said the “rapidly developing field of artificial intelligence” remains a catalyst for profitable growth. —CNBC’s Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Hakyung Kim, Tanaya Macheel, Michelle Fox and Scott Schnipper contributed reporting
