Check out the companies making the biggest moves at noon: Genius Sports — The sports analytics company soared 8% after setting lofty goals for 2028 at its investor day. By then, Genius expects “group revenue” to total $1.2 billion and free cash flow to be $220 million. Netflix — Shares fell 5% as investors waited to see how much the major streaming platform would bid for Warner Bros. Discovery. Reuters reported on Tuesday that Netflix had made a mostly cash offer. American Eagle Outfitters — Shares rose 14% after the clothing company raised its fourth-quarter outlook and reported better-than-expected profits in the third quarter. Alexandria Real Estate Stocks — The real estate investment trust fell 8.3% after cutting its dividend by 45%. Alexandria Real Estate Equities’ quarterly cash dividend will range from $1.32 per share to 72 cents per share. Marvell Technology — The data infrastructure semiconductor solutions provider posted third-quarter earnings of 76 cents a share, excluding one-time items, on revenue of $2.08 billion, beating analysts’ consensus estimates of 73 cents a share on revenue of $2.07 billion, LSEG data showed. Microsoft — The Windows and Azure cloud provider fell 2% from the day’s low after the company denied a report in The Information that Microsoft had lowered sales targets for its AI products. Thor Industries — The RV maker fell more than 7% after its fiscal year 2026 outlook did not impress investors. Thor maintains its earnings per share outlook in the range of $3.75 to $4.25 and expects sales to be in the range of $9 billion to $9.5 billion. Acadia Healthcare — The behavioral health and residential care provider fell more than 13% after lowering its full-year profit outlook. Acadia now expects earnings per share to be in the range of $1.94 to $2.04, down from its previous forecast of $2.35 to $2.45. Acadia also updated its liability reserves. Okta — Okta stock rose 2.7% following the earnings release. The company reported third-quarter earnings of 82 cents per share, excluding one-time items, on revenue of $742 million. Analysts had expected earnings of 76 cents per share and revenue of $730 million, according to LSEG. Microchip Technology — The semiconductor maker rose 8.6% after raising its outlook for the third quarter. Microchip Technology now expects adjusted earnings to be 40 cents per share, compared to previous guidance of 34 cents to 40 cents, and expected revenue to be at the high end of its previous guidance range of $1.109 billion to $1.149 billion. Asana — The company’s stock rose 4% after reporting third-quarter revenue of $201 million, or 7 cents per share, excluding one-time items. Analysts had expected revenue of $199 million and earnings of 6 cents per share, according to LSEG data. Asana also raised the high end of its 2026 full-year revenue outlook. GitLab — Shares fell 13% after the company announced revised full-year 2026 earnings guidance. GitLab expects earnings per share to be 88 cents to 89 cents. The company previously said it expected per-share earnings of 95 to 96 cents. Pure Storage — Shares plunged 25% after the data management and storage company reported third-quarter revenue of $964.5 million and earnings of 58 cents per share excluding items. Analysts had expected EPS of 58 cents and revenue of $956 million, according to LSEG data. —CNBC’s Itzel Franco, Liz Napolitano and Michelle Fox contributed reporting.
