Check out the companies making the biggest moves midday: Klarna — The buy now, pay later platform tumbled almost 7% after its first earnings report since its September IPO showed a third-quarter operating loss of $83 million versus operating profit a year ago of $13 million. Strategy — The crypto proxy rose 8%, as flagship digital currency bitcoin recovered after hitting its lowest level since April. Cloudflare — The cloud and cybersecurity stock fell more than 2% amid an outage that impacted some of the biggest platforms in the world , including social media site X and ChatGPT. Cogent Communications — The internet access provider jumped 9% after the company’s board reinstate its $100 million share repurchase program. Fox Factory — The maker of bicycle and off-road vehicle suspensions gained 5% after CEO Michael Dennison disclosed the purchase of 22,000 shares. J & J Snack Foods — The maker of Icee and Dippin’ Dots jumped 5% after its fiscal fourth-quarter earnings topped expectations. Adjusted earnings came in at $1.58 per share, versus the $1.24 anticipated from analysts polled by FactSet. J & J Snack Foods also said it initiated a comprehensive business transformation program that aims to generate at least $20 million of annualized operating income. Medtronic — The health technology stock added 6% following an earnings beat. Medtronic earned $1.36 per share excluding items on $8.96 billion in revenue for the second quarter. Analysts polled by FactSet were anticipating $1.31 a share and $8.87 billion, respectively. Energizer Holdings – Shares dropped 18% after the company’s fiscal fourth-quarter earnings missed analyst estimates. Energizer posted adjusted earnings of $1.05 per share , while analysts polled by FactSet had called for $1.12 per share. The battery maker’s first-quarter earnings guidance also missed expectations. CEO Mark LaVigne said that the first quarter will be “more heavily affected by temporary tariff costs and mitigation efforts.” Ceva — The semiconductor and software intellectual property company lost 11.5% after it filed an underwritten public offering of 3 million shares. JPMorgan and UBS are among the underwriters. Helmerich & Payne — The drilling rig company fell about 5% following disappointing earnings results. In its fiscal fourth quarter, Helmerich and Payne reported an adjusted loss of 1 cent per share, missing the FactSet consensus estimate of 23 cents earnings per share. On the other hand, revenue beat analysts’ expectations. Home Depot — The stock pulled back almost 4% after the company reported third-quarter earnings that missed analyst expectations. The home improvement giant earned $3.74 per share, adjusted, while analysts polled by LSEG had forecast a profit of $3.84 per share. Home Depot also cut its full-year earnings outlook. Amer Sports — Shares jumped nearly 8% after the sports equipment company behind brands such as Salomon and Wilson topped expectations in its most recent earnings results. Earnings of 33 cents per share, excluding items, exceeded the earnings of 25 cents per share expected by analysts polled by FactSet. Revenue of $1.76 billion also came in above the forecasted $1.72 billion. James Hardie Industries — U.S.-listed shares of the Irish building materials firm rallied 7% after second-quarter revenue came in at $1.29 billion, above the consensus forecast of $1.28 billion from analysts polled by FactSet. Adjusted earnings per share matched analyst expectations at 26 cents. James Hardie also hiked its full-year guidance for adjusted EBITDA. — CNBC’s Michelle Fox, Alex Harring and Sarah Min and Scott Schnipper contributed reporting.
Stocks making the biggest moves midday: NET, KLAR, MSTR, ENR