Check out the companies making the biggest moves at noon: Meta Platforms — the parent company of Facebook and Instagram rose 4%. According to a report from Bloomberg, CEO Mark Zuckerberg’s management team is considering deep cuts of up to 30% in Meta’s “Metaverse Group” in 2026. Kroger – The Cincinnati-based supermarket chain posted a 6.5% decline in third-quarter revenue as it lagged behind street expectations, while comparable sales excluding fuel for the latest quarter rose 2.6%, compared to analysts’ consensus estimates of 2.9%, and gross margin came in at 22.8%, compared to an estimated 23.0%, according to FactSet data. Science Applications International — The company, which provides technology integration and systems engineering to the federal government, soared 17%. Third-quarter earnings per share beat the Street consensus by 26%, and SAIC raised its full-year earnings outlook for 2026 and 2027, according to FactSet data. Management said the improved outlook is supported by an increasing trend in book balances. PVH Corp. — The parent company of the Tommy Hilfiger and Calvin Klein brands fell 10% after reporting disappointing fourth-quarter guidance. PVH expects non-GAAP earnings per share to be in the range of $3.20 to $3.35, short of the $3.64 per share expected by analysts surveyed by FactSet. Revenue is expected to increase slightly in the low single digits, compared to the FactSet consensus estimate of 3.7%. Salesforce — The software company raised its fourth-quarter earnings outlook, sending its stock price up 2.5%. Salesforce, which is part of the Dow Jones Industrial Average, now expects sales to be between $41.45 billion and $41.55 billion. Third quarter results were mixed. Snowflake — The cloud-based data storage company fell more than 11% after its January quarter product revenue growth outlook disappointed investors. Snowflake’s third-quarter results exceeded expectations. Hormel Foods — Shares rose 2% after the Spam maker reported disappointing earnings in its latest quarter but hinted at a turnaround next year. Hormel said full-year earnings excluding one-time items could reach $1.51 a share, compared with the $1.45 a share expected by analysts polled by FactSet. Dollar General — Shares rose 11% after the discount chain raised its full-year outlook. Dollar General now expects earnings per share of $5.60 to $5.80, beating previous guidance of $5.32 to $5.72 per share and beating the Street consensus estimate of $5.53. The company’s third-quarter results also exceeded expectations. UiPath — Software stock soars 20% after better-than-expected third-quarter results. The business software platform’s adjusted earnings of 16 cents per share on revenue of $411 million beat analysts surveyed by LSEG that expected earnings of 15 cents and revenue of $393 million. — CNBC’s Michelle Fox, Alex Harring and Liz Napolitano contributed reporting
