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Check out the companies making headlines in midday trading.
CVS Health — Shares of the drugstore chain fell 5.5% even after the company topped expectations in its fourth-quarter earnings report, as demand for at-home Covid tests and vaccines lifted overall store sales. The drugstore chain administered more than 20 million Covid vaccines in the three-month period, a significant jump from the number it gave in each of the prior two quarters.
Enphase Energy — The energy stock surged 10.5% following the company's quarterly earnings, which showed record revenues for the fourth quarter and beats on both the top- and bottom-lines. Enphase earned an adjusted 73 cents per share, compared to estimates of 58 cents. Revenue came in at $412.7 million, compared to expectations of $397 million.
Chipotle — Shares of the burrito chain jumped more than 9% after the company topped Wall Street's estimates for its fourth-quarter earnings and met its expectations for revenue. Chipotle also reported a 22% increase in net sales to $1.96 billion for the quarter, meeting expectations. Same-store sales rose 15.2%, surpassing StreetAccount estimates of 14.8%.
The Container Store Group — The home retailer saw its shares tumble nearly 20% after it reported sales for its fiscal third quarter were lower by 3% than the same time in the previous year and that online sales fell 36% compared to the year before. The Container Store still reported better-than-expected profits for the quarter.
NCR Corp — Shares of the financial services software maker rose 12% even after the company said it would launch a review of its operations, including «alternatives available to enhance both NCR's value and shareholder returns.» It also reported a
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