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Check out the companies making the biggest moves midday.
Dollar General — Shares sank nearly 20% after the company reported an earnings and revenue miss for the first quarter. The company also slashed its full-year outlook, citing a macroeconomic environment that is more challenged than it had expected.
NetApp — Shares popped 9.5% following the company's earnings and revenue beat after the close Wednesday. Adjusted earnings per share came in at $1.54 for its fiscal fourth quarter, versus the $1.25 expected from analysts polled by StreetAccount. Revenue was $1.58 billion, versus the $1.54 billion anticipated.
Chewy — The pet retailer's stock surged about 25% after the company posted earnings per share of 5 cents, topping the 4-cent loss expected from analysts polled by Refinitiv. Chewy also beat on revenue. Its second-quarter revenue guidance also beat expectations, per StreetAccount.
Hormel Foods — The food producer's stock gained 5.1% after the company reported fiscal second-quarter earnings per share of 40 cents, slightly above the 39 cents expected, per StreetAccount. However, revenue came in lighter than anticipated. Hormel also said it made progress on inventory levels and saw «meaningful improvement in fill rates.»
Pure Storage — The stock soared 21% on better-than-expected quarterly earnings and revenue. Pure Storage's revenue guidance for the second quarter also topped estimates, per StreetAccount.
PVH — Shares tumbled 10% despite the company's earnings and revenue beat after Wednesday's close. Its full-year outlook was in line with consensus, but its second-quarter GAAP earnings-per-share guidance of $1.70 was below the $2.26 expected, per StreetAccount.
CrowdStrike — The cybersecurity stock
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