Check out the companies that made the biggest moves at noon: Unity Software — The video game company rose 8% after better-than-expected third-quarter results. Unity’s fourth-quarter earnings outlook also exceeded expectations. Allegiant Travel — Travel stocks rose 22% after the company raised its full-year profit outlook. Allegiant now expects 2025 earnings to be more than $3 per share, higher than previous expectations of $2.25 per share. Perrigo – Third quarter results were mixed, with the pharmaceutical stock down 20%. Earnings per share, excluding certain items, were 80 cents, beating FactSet’s estimate of 76 cents per share. However, revenue fell short of expectations. Perrigo also lowered its full-year profit forecast. Rivian — The electric vehicle maker rose 22% after third-quarter results that beat the Street. Additionally, the company said the launch of the R2 car is on track for the first half of 2026. MONROE — The auto service chain soared 18% after billionaire investor Carl Icahn bought a large stake to become its largest single shareholder. In his filing, Icahn disclosed ownership of 4,439,914 shares, or 14.8% of Monro stock. Solaredge Technologies — The solar power stock soared 21% after a third-quarter report that beat the street. Solaredge had a loss of 31 cents per share, excluding certain items. Analysts surveyed by FactSet had expected a loss of 40 cents per share. Revenue also exceeded expectations. Wolverine Worldwide — The footwear maker fell 26% despite better-than-expected third-quarter results. The company earned 36 cents per share, excluding certain items. This beats the FactSet consensus of 33 cents per share. Revenue of $470.3 million exceeded FactSet’s forecast of $462.6 million. Advanced Micro Devices — The chip maker fell 2% after the company announced adjusted profit margin guidance for the current quarter that was in line with expectations. However, Advanced Micro Devices beat expectations for both third-quarter earnings and sales. Arista Networks — The cloud networking company fell 7% after it said it expected fourth-quarter revenue to be in the range of $2.3 billion to $2.4 billion. That range includes the $2.33 billion expected by analysts surveyed by FactSet. Arista posted third-quarter beats on both the top and bottom lines. Teradata — Shares rose 26% after the cloud data company posted third-quarter adjusted earnings of 72 cents per share and revenue of $416 million. That beat FactSet’s profit and revenue estimates of 54 cents and $406.3 million, respectively. The company’s full-year earnings are also higher. Lumentum — The telecommunications stock soared 26% after the company reported fiscal first-quarter earnings and revenue that beat Wall Street expectations. Lumentum also announced second-quarter profit and revenue guidance that beat analysts’ expectations, according to FactSet. Zeta Global — Marketing stock soared 16% after third-quarter adjusted EBITDA and revenue beats. The company also shared forward-looking adjusted EBITDA and revenue guidance for the current quarter, fiscal 2025, and fiscal 2026, which exceeded FactSet’s expectations. Pinterest — The social media company fell more than 21% after revenue fell short of expectations. Pinterest posted a profit of 38 cents per share, excluding certain products, compared to analysts polled by LSEG who had expected earnings of 42 cents per share. Super Micro Computer — Shares fell 9% after the company reported lower-than-expected fiscal first-quarter results. The company had revenue of $5.02 billion and adjusted earnings per share of 35 cents. Analysts polled by LSEG had expected earnings of 40 cents per share on sales of $6 billion. Kennedy Wilson — The property management company rose 30% after receiving a takeover offer from Chairman and CEO William McMorrow and Fairfax Financial for $10.25 per share in cash. This represents a 37.2% premium over Tuesday’s closing price. Upstart Holdings — Shares fell 14% after the company’s third-quarter revenue of $277.1 million fell short of expectations. However, profit for the quarter exceeded expectations. Additionally, the company lowered its full-year earnings forecast. Fourth-quarter sales and adjusted EBITDA expectations were also lower. Trex — The maker of decking and railing products fell 29% after lowering its full-year sales outlook due to weak demand. Torex expects full-year net sales to be in the range of $1.15 billion to $1.16 billion, flat with 2024 reported sales versus prior guidance of 5% to 7% growth. Analysts polled by FactSet expected growth of 6.7%. The company’s third-quarter adjusted profit and sales were also disappointing. Kratos Defense & Security Solutions — The aerospace and defense stock fell 14% after fourth-quarter adjusted EBITDA and revenue guidance fell short of analysts’ expectations, according to FactSet. Kratos also expects first-quarter sales to be in a range below consensus. However, the company posted higher profits and sales in the third quarter. Axon Enterprise — The Taser gun maker plunged 10% after a big earnings miss. Axon’s third-quarter earnings were $1.17 per share, excluding certain items. Analysts polled by LSEG had expected earnings of $1.52 per share. Fourth quarter adjusted EBITDA outlook. Veracyte — Shares rose 26% after the diagnostics company reported third-quarter adjusted earnings of 51 cents, beating the 32 cents expected by analysts surveyed by FactSet. Revenue of $131.9 million also beat the consensus estimate of $125 million. Veracyte also raised its full-year earnings forecast. Biotechne — The life sciences stock fell 2.7% after the company reported first-quarter sales of $286.6 million. That fell short of the $291.3 million expected by analysts surveyed by FactSet. Bio-Techne’s adjusted earnings for the fiscal first quarter were 42 cents, in line with expectations. Zimmer Biomet — The medical device maker fell 14% after posting $2 billion in third-quarter sales, falling short of the $2.01 billion that analysts had expected, according to FactSet. Zimmer Biomet’s adjusted third-quarter earnings were $1.90 per share, beating expectations of $1.87. Humana — Shares of the health insurance company fell 8% after the company reported a decline in third-quarter profits and lowered its full-year profit outlook. Rising medical costs have put pressure on profit margins in the company’s core Medicare Advantage business. —CNBC’s Sean Conlon, Michelle Fox, Itzel Franco, Yun Li and Elizabeth Napolitano contributed reporting.
