Here are some of the stocks posting the biggest moves in midday trading. McKesson — The medical supplies distributor jumped 16%. Fiscal third-quarter earnings per share beat the Street’s highest estimate, and fiscal year adjusted EPS guidance increased from earlier forecasts and also topped analysts’ consensus, according to FactSet data. Bob’s Discount Furniture — The home furnishings retailer made its debut on the New York Stock Exchange Thursday afternoon. Shares priced at $17 and were recently up 10%. Huntington Ingalls — The naval warship contractor retreated 11% after issuing 2026 free cash flow guidance of $500 million to $600 million, missing the Street’s $624.2 million estimate, according to FactSet data. Novo Nordisk — Shares of the pharmaceutical company slid more than 5% after Hims & Hers Health announced plans to offer a compounded oral version of Novo’s Wegovy pill for an introductory price of $49 a month. Fluence Energy — The battery storage provider slumped 31%. Fiscal first-quarter revenue of $475.2 million lagged the Street consensus of $481.2 million. The per share loss of 34 cents missed analysts’ estimate for a loss of 21 cents, as well as the worst estimate calling for a 29-cent loss, according to FactSet data. Cummins — The manufacturer and distributor of diesel engines saw shares fall nearly 8%. Fourth- quarter revenue came in at $8.54 billion, falling short of the $8.11 billion anticipated by analysts, per FactSet. Rockwell Automation – Shares lost more than 5% after the industrial automation company reaffirmed revenue growth of 3% to 7% for the full year, compared to the 6.1% increase analysts polled by FactSet were seeking. Canada Goose — The winter clothing maker sagged 19% after fiscal third-quarter earnings per share and earnings before interest taxes both fell short of Wall Street estimates. Amazon — Shares of the e-commerce giant lost more than 3% ahead of fourth-quarter earnings due after the bell. Analysts polled by LSEG are calling for earnings of $1.97 per share on revenue of $211.33 billion. Wall Street will likely have a close eye on revenue growth for Amazon Web Services, the company’s cloud business. Ralph Lauren — The apparel retailer warned that its operating margin for the fourth quarter will contract by 80 to 120 basis points in constant currency, driven by an increase in U.S. tariffs and higher spending on marketing. The forecast overshadowed top and bottom line beats in the fiscal third quarter. Shares were down more than 5%. Steris — The provider of surgical supplies fell 8%. Steris reiterated its full-year guidance, calling for adjusted earnings of $10.15 to $10.30 per share, compared to the FactSet consensus of $10.22. The company’s forecast includes the impact of tariffs, which it estimates will lower pretax profit by about $55 million. Qualcomm — The chipmaker sank nearly 7% as a global memory shortage hurt its forecast . Qualcomm expects fiscal second-quarter adjusted earnings of between $2.45 and $2.65 per share on revenue of $10.2 billion to $11 billion. Analysts polled by LSEG were expecting $11.11 billion in sales and earnings of $2.89 per share. Estee Lauder — The cosmetics company tanked 22% following its second-quarter financial results. Estee Lauder reported adjusted earnings of 89 cents per share, topping the 84 cents expected from analysts polled by LSEG. Its revenue of $4.23 billion was in line with expectations. The company also raised its full year earnings guidance to $2.05 to $2.25 per share, versus the $2.16 consensus estimate. Alphabet — The Google parent declined more than 3%. Alphabet beat on both its earnings and revenue for the fourth quarter. However, it also projected a huge increase in capital expenditure for 2026 to between $175 billion and $185 million — more than double its 2025 spending. Arm Holdings — The U.S.-listed shares of the British semiconductor and software design company advanced 7%. Third-quarter adjusted earnings of 43 cents per share on revenues of $1.24 billion topped the earnings of 41 cents per share and $1.22 billion in revenue expected by analysts, per LSEG. Crypto stocks — Shares of crypto stocks tumbled as bitcoin dropped below $67,000. Strategy lost 12%, while Coinbase shed 8% and Robinhood Market s fell 5%. Peloton — Shares plunged 23% following the connected fitness company’s disappointing fourth-quarter results . Peloton posted a loss of 9 cents per share on revenue of $657 million. Analysts polled by LSEG had expected a loss per share of 6 cents on revenues of $674 million. Cardinal Health — The stock moved 8% higher the after health-care services and product company reported an earnings beat and raised its full-year guidance. Cardinal Health’s quarterly adjusted earnings were $2.63 per share, versus the $2.36 consensus estimate, per LSEG. Revenue came in at $65.63 billion, versus the $64.14 billion consensus estimate. For the full year, Cardinal now expects adjusted EPS to come between $10.15 to $10.35, versus its prior guidance of at least $10. Hershey — The candy company posted fourth-quarter earnings and revenue that came in above expectations, sending the stock 7% higher. Hershey reported adjusted earnings of $1.71 per share on revenue of $3.09 billion. Analysts polled by LSEG had expected EPS of $1.40 on revenues of $2.98 billion. — CNBC’s Christina Cheddar-Berk, Scott Schnipper, Sarah Min, Lisa Kailai Han and Nick Wells contributed reporting.
