Check out the companies that made the biggest moves midday: Planet Fitness — The gym operator fell nearly 33% after cutting its full-year profit outlook. The company now expects revenue to increase by about 4% year-over-year. This was lower than expectations calling for a 9-10% expansion. Vital Farms — The egg production company fell 20% due to a surprise loss in the first quarter. Vital Farms lost 3 cents per share, excluding certain products. Analysts polled by FactSet had expected earnings of 6 cents per share. The company also lowered its full-year profit forecast. Datadog — Shares rose 28% after the software company beat expectations for the first quarter. The company reported earnings of 61 cents per share, which beat the FactSet consensus of 51 cents per share. The company’s second-quarter revenue guidance is between $1.07 billion and $1.08 billion, higher than FactSet’s $993.9 million. AAON — The Oklahoma-based air conditioning and heating equipment maker soared 40% after its first-quarter profit, EBITDA and sales all beat Wall Street analysts’ expectations, according to FactSet, and AAON raised its full-year sales outlook by 45%. Shake Shack — Shares fell 29% after the burger chain reported lower-than-expected first-quarter results, reporting an operating loss of $2.6 million. Shake Shack’s earnings per share came in at breakeven, compared to the 12 cents per share expected by analysts surveyed by LSEG. Revenue was $366.7 million, compared to the consensus estimate of $372 million. Whirlpool — The consumer electronics maker suffered a 12% loss after lowering its full-year outlook. Whirlpool now expects adjusted earnings to be between $3 and $3.50 per share on revenue of approximately $15 billion. The company had previously targeted $6 per share, or $15.3 billion to $15.6 billion. The company also said in a regulatory filing that “consumer confidence collapsed in late February and March, and the Iran war caused recession-level declines in the U.S. industry.” Shell — The British energy company’s U.S.-listed shares fell 2.7%. Shell reported better-than-expected first-quarter profits and cut its quarterly share buyback pace from $3.5 billion to $3 billion. Oil prices, which soared during the Iran conflict, have fallen below $100. Carlyle Group — The private equity firm fell 3.2% after reporting first-quarter distributable earnings per share after tax of 89 cents, below the FactSet consensus estimate of 93 cents. Carlyle also saw sales decrease compared to the previous year. Arm Holdings — The semiconductor company posted fourth-quarter adjusted earnings of 60 cents on revenue of $1.49 billion. Analysts surveyed by LSEG had expected earnings of 58 cents and revenue of $1.47 billion. After initially soaring, the stock price fell 10%. Zillow Group — The real estate market fell 2.4% as first-quarter housing revenue of $450 million fell short of StreetAccount estimates of $454.2 million. However, the company outperformed overall in both sales and bottom line for the quarter. Fortinet — Cybersecurity stock rose 20%. Fortinet raised its full-year billing guidance to a range of $8.8 billion to $9.1 billion, up from its previous estimate of $8.4 billion to $8.6 billion. Full-year earnings and revenue guidance exceeded LSEG’s consensus estimates. IonQ — Stock price fell more than 8%. The quantum computing company announced an adjusted loss before interest, taxes, depreciation and amortization of $96.8 million in the first quarter. That amount is larger than the $80.4 million loss that analysts surveyed by FactSet had been looking for. Fastly — The cloud platform provider plunged 39% as its guidance appeared to fall short of Wall Street’s expectations. Fastly expects second-quarter earnings to be between 5 cents and 8 cents per share, while LSEG’s consensus call is 4 cents. Revenue is expected to be in the range of $170 million to $176 million, compared with the $170 million expected by analysts. Separately, first-quarter results exceeded expectations for both sales and bottom line. ALBEMARLE — The specialty chemicals maker’s stock rose 7%. First-quarter adjusted earnings beat Street estimates, coming in at $2.95 per share, compared with analysts’ expectations of $1.19 per share, according to FactSet. Sales also exceeded expectations, coming in at $1.43 billion versus the expected $1.34 billion. Adjusted EBITDA also exceeded expectations, coming in at $663.8 million versus $443.7 million. Akamai Technologies — The cybersecurity and cloud computing company fell 7%. Akamai is expected to report after the close of trading on Thursday. The stock continued to rise leading up to the earnings release, and on Wednesday it rose for six straight sessions, hitting a new 52-week high. Papa John’s International — The pizza chain’s first-quarter results were less than expected, with adjusted earnings of 32 cents per share on revenue of $478.6 million. Analysts polled by FactSet had expected earnings of 37 cents per share and revenue of $485.5 million. The stock price fell 4.5%. Warby Parker — The eyewear maker’s first-quarter sales of $242 million beat analysts’ estimates of $239 million, up nearly 9%, according to LSEG. However, earnings per share were 3 cents, missing consensus estimates of 11 cents. Peloton Interactive — Shares rose 7.9% after Peloton Interactive reported third-quarter revenue of $630.9 million. That beat the $618.3 million expected by analysts surveyed by FactSet. Meanwhile, quarterly adjusted EBITDA was $126.2 million, below expectations of $128.3 million. CNBC’s Sarah Ming, Michelle Fox, Darla Mercado, Scott Schnipper, Ananya Chettiar, Lisa Han and Alex Harring contributed reporting.
