Check out the companies making their biggest moves at noon: Micron Technology – chipmakers slid nearly 2% even after their third quarter financial results exceeded expectations. Micron’s adjusted revenue was $1.91 per share, compared to the $1.60 expected from analysts voted by LSEG. Revenue was $9.3 billion, surpassing the consensus estimate of $8.87 billion. Core Scientific – Bitcoin Miner stocks rose 27%. The Wall Street Journal reported that the company was acquired by artificial intelligence player CoreWeave, who has an ongoing partnership with Core Scientific, and attempted to buy the company about a year ago. The CoreWeave stocks had little change. Equinix – The data center company’s stock fell by about 8%, down 9% from the previous session. Equinix provided long-term guidance on Wednesday, disappointing investors and leading to analyst downgrades. Kratos Defense & Security Solutions – Military technology stocks fell more than 3% after Kratos said it would sell $500 million in stock. The company said the funds raised could be used for capital expenditures, among other uses. Aerovironment – The stock has added 13%, making 21.6% progress from a day ago. Defense contractors gathered behind quarterly results that exceeded expectations. Aerovironment also issued guidance for fiscal years that would beat expectations. MCCORMICK – Food Spices stock rose 5% after adjustable revenue for the second quarter. According to LSEG, McCormick won 69 cents per share, excluding items, but analysts were looking for 66 cents. Worthington Steel – Metal Processor stock rose 15% after recording high earnings in the fourth quarter. The company acquired $1.05 in stake, excluding items, with revenue of $832.9 million. Although revenue growth was damaged by lower sales prices, the company said it has gained market share in key sectors. Millerknoll – Furniture manufacturers have skyrocketed by 12%. According to Millerknoll, net sales for the fourth quarter increased by more than 8% year-on-year to $961.8 million. However, adjusted earnings per share were lower than what we did at 60 cents a year ago. HB Fuller – After earnings per share was adjusted for the second quarter, adhesive manufacturers have raised nearly 8%. HB Fuller recorded an adjusted revenue of $1.18 per share, breaking consensus forecasts from analysts who voted for FactSet at 10 cents per share. The company also provided strong guidance on full year revenue. Penn Entertainment – Gamestock rose about 7% after being upgraded from market performance in citizens to market outperform. The investment company said Pen Entertainment is approaching an “inflection point” after being a long-term underperformer. Sight – Industrial technology providers scored 7% after third quarter sales and revenues broke Wall Street estimates and full-year forward guidance coincided with analyst expectations. – Reported by Alex Hurling, Scott Schnipper, Christina Cheddar Berg and Tanaya Machell.
