Stocks making the biggest moves midday: Wendy's, Wingstop, F5, Enphase Energy, Labcorp & more
Here are some of the companies making headlines in midday trading. Wendy’s — The fast-food chain climbed 15% after Nelson Peltz’s Trian Fund Management proposed taking Wendy’s private for $1.4 billion, according to a regulatory filing . The burger chain has posted same-store sales declines for six consecutive quarters. Brinker International — The owner of Chili’s raised its full-year guidance, calling for adjusted earnings of $13.30 to $13.90 per share, beating a FactSet consensus estimate for $13.28. The company also lifted its projections for revenue. Shares were last trading 15% higher. Wingstop — The chicken wing chain jumped 15% after third-quarter earnings topped estimates. Wingstop earned $1.08 per share, excluding certain items, while analysts polled by LSEG sought $1.02 per share. Revenue, however, fell short at $185 million compared to the consensus estimate of $193 million. F5 — The cybersecurity company tanked about 19%. F5’s guidance for fiscal year 2027 calls for non-GAAP earnings of $18 to $18.30 per share, while the FactSet consensus estimate sought $18.03 per share. Piper Sandler also downgraded shares to neutral from overweight. Labcorp — The lab diagnostics company advanced 10% on the back of a guidance raise for the full year. Labcorp sees adjusted earnings in a range of $18.30 to $18.70 per share on revenue of $14.779 billion to $14.887 billion. Analysts polled by FactSet were looking for $18.35 per share on $14.75 billion. GE HealthCare Technologies — Shares gained 8% after GE HealthCare Technologies lifted its full-year guidance. The company anticipates adjusted earnings will range from $4.95 to $5.05 per share, and it sees organic revenue growth of roughly 4% year over year. CoStar — The commercial real estate data company lost 13% after full-year revenue guidance largely failed to impress the Street. CoStar sees revenue in a range of $3.75 billion to $3.77 billion, roughly in line with the FactSet consensus estimate for $3.75 billion. Ultralife — Shares surged 145% after EnerSys agreed to acquire the battery manufacturer for $16 per share in cash. The transaction values Ultralife at approximately $320 million. The New York-based technology company announced the merger agreement after the market closed on Tuesday. EnerSys shares gained 2%. Enphase Energy — The solar stock tumbled 16% after quarterly revenue declined to $293.3 million from $410.4 million a year earlier. Fourth-quarter revenue guidance also missed the mark, ranging from $225 million to $255 million, versus the FactSet consensus estimate for $297.6 million. PPG Industries — Shares were up almost 6% after PPG reported quarterly earnings of $2.25 per share on an adjusted basis, beating the FactSet consensus estimate of $2.12 per share. The coatings manufacturer also raised the midpoint of its full-year earnings guidance. Robinhood — Shares fell 2% after the brokerage’s quarterly profit missed expectations , landing at 51 cents a share and missing the LSEG consensus estimate for 56 cents per share. Revenue increased 12% to $1.42 billion, but cryptocurrency revenue dropped 55% to $120 million. SK hynix — The chipmaker advanced 11% after third-quarter operating profit beat the StreetAccount consensus estimate , fueled by demand for artificial intelligence memory products. The company also announced a special dividend tied to gains from its Kioxia investment. Logitech — The computer peripherals maker dropped more than 11% after the company reported mixed results for the fiscal second quarter. While Logitech’s adjusted earnings per share of $1.51 beat a FactSet consensus of $1.30, operating income came in below expectations. Vertiv — The critical digital infrastructure stock rallied 14% after Vertiv topped expectations in its third-quarter report and issued stronger-than-expected guidance for the current quarter and full year. Adjusted earnings of $2.21 per share topped the $1.82 expected by analysts polled by FactSet. Revenue of $4.31 billion exceeded the consensus estimate of $3.75 billion. GE Vernova — Shares were down 2% after the energy equipment company agreed to acquire high-voltage components manufacturer Trench Group for approximately $9 billion. Separately, the company raised its full-year revenue forecast to a range of $46.5 billion to $47.5 billion. — CNBC’s Nick Wells, Sarah Min and Darla Mercado contributed reporting.
