Check out the companies making headlines for noon deals. Alphabet – The high-tech giants fell by 8%. Eddy Cue, Apple’s Senior Vice President of Services, said Wednesday that Apple is “actively considering” with a focus on AI-powered search capabilities, rebuilding its Safari web browser. Kew made comments during his testimony in the U.S. Department of Justice’s lawsuit against the Alphabet. Queue added that he believes AI search engines such as Openai will eventually replace standard counterparts like Google. Uber Technologies – The stock slipped almost 2% after the ride-sharing company reported mixed results for the first quarter. Revenue was $11.533 billion, less than $11.62 billion, expected from analysts voted by LSEG. Earnings of 83 cents per share exceeded the consensus estimate of 50 cents per share. Arista Networks – Cloud computing stock fell 6% after slightly beating LSEG’s first quarter revenue estimates, but managed a solid beat with revenue. Arista scored an adjusted 65 cents per share with $200 million earnings, while analysts called for 59 cents per share with $1.97 billion earnings. Lionsgate Studios – Entertainment Stock surged nearly 20% after announcing it had completed a complete separation of the studio and Starz business into two independent public companies. Lionsgate’s previous dual-share structure collapsed into a single class of inventory as part of the separation. Super Microcomputer – Server makers fell 6% after issuing weak guidance this quarter. Super Micro also listed revenue and revenue that missed its third quarter expectations. The company’s revenues appeared at 31 cents per share, but items were excluded. This was lower than the 50 cents analysts were looking for per LSEG. Super Micro’s $4.6 billion revenue also lost expectations of $5.42 billion. International Flavors & Fragrance – Consumer goods companies reaffirm their annual revenue guidance to go from $10.6 billion to $10.9 billion, with Analyst seeking $109.1 billion according to Factset. However, the company reported first quarter results that beat analyst expectations. Rivian Automotive – After Rivian reduces its year-round delivery guidance, electric vehicle inventory has fallen by 5%, citing potential economic impacts from the evolving tariff environment. Analysts surveyed by LSEG found Rivian’s first quarter revenue was $1.24 billion, a top estimate of $1.01 billion. Disney – The entertainment giant rose 11% after reporting second-quarter adjusted revenue of $1.45 per share, beating the $1.20 per share analyst voted by LSEG. Disney’s $236.2 billion revenue also broke the consensus of $23.14 billion. Additionally, Disney has increased its annual adjusted revenue outlook to $5.75 per share. Separately, Disney has announced a new theme park and resort in Abu Dhabi. Logitech – US trading share popped 1% after an upgrade to buy from US neutral. Analyst Joern Iffert singled out the computer accessories company as the beneficiary of Generation Alpha Consumers or General Alpha Consumers, born between 2010 and 2024. NovoNordisk added 2% after the Danish drug giant predicted that sales of Wegovy weight loss drugs would completely envelop the drugs from copyat in the second half of the year. Novo Nordisk reported lower first quarter sales than Wegovy expected, and also reduced full-year sales growth forecasts. Sarepta Therapeutics – Biotech stocks plunged 20% after posting massive losses for the first quarter, cutting their full year net product revenue forecast from $230 million to $2.6 billion. This is down from the previous $300 billion call from $290 billion. Upstart Holdings – Stock in the artificial intelligence lending platform fell more than 11% after earnings forecasts for the company that missed Wall Street expectations for the current quarter, according to FactSet. The company issued beats in the first quarter at the top and bottom line. Charles River Laboratories – The pharmaceutical company has surged nearly 16% after lifting its full-year revenue guidance. Charles River expects adjusted revenues to range from $9.30 to $9.80 per share compared to previous calls between $9.10 and $9.60 per share. Rockwell Automation – Stocks rose 12% after Industrial Automation Company won second quarter beats on the top and bottom lines. Rockwell won $2.45, adjusted with revenue of $2.45 per share, surpassing its fact set consensus expectations of $2.10 per share and $1.97 billion in revenue. – Reported by Sean Conlon, Michelle Fox and Jesse Pound of CNBC.
