Check out the companies that made the biggest moves midday: Williams-Sonoma — The housewares and furniture company rose 6% after better-than-expected earnings. Williams-Sonoma earned $3.04 per share, beating LSEG’s estimate of $2.90 per share. The company also raised its quarterly dividend by 15%. nVent Electric — maker of electronic cabinets and cooling systems, shares rose more than 4%. NVent raised its three-year growth targets, calling for an increase in adjusted operating margin of approximately 22% from 20% and average annual growth in adjusted earnings per share from 17% to 20%. CEO Beth Wozniak said the company is “off to a strong start this year, with first-quarter results trending ahead of our initial expectations.” ZTO Express — Shares rose 7% after a rosy fourth-quarter earnings report. The delivery company reported revenue of 14.51 billion yuan (US$2.1 billion), while analysts surveyed by Street Account had expected sales of 14.37 billion yuan (US$2.08 billion). The company’s board also approved $1.5 billion in stock buybacks over the next two years. Bob’s Discount Furniture — Shares rose 2.5% after the company’s first earnings report since going public in February. The furniture retailer reported sales growth of more than 8% compared to the same period last year, but fourth-quarter earnings per share of $0.35 were down year-over-year. Trends in the current quarter are expected to be soft due to pressure from winter storms, but demand rebounded in March, the company added. Gemini Space Station — Shares fell more than 15% after Citi was downgraded from neutral to sell. “Our expectations for GEMI continue to decline,” the bank’s analysts said. “The company is likely to face challenges in growing profitability and remaining competitive within a reasonable time frame for equity investors, a growing concern, especially in a challenging crypto environment.” Micron Technology — Shares of the memory and storage solutions company rose 1% ahead of its expected fiscal second-quarter earnings report after the bell Wednesday. Macy’s — The retailer rose 4% after better-than-expected fourth-quarter results. Macy’s earned an adjusted profit of $1.67 per share on revenue of $7.64 billion. Analyst estimates compiled by LSEG were for earnings of $1.53 per share and revenue of $7.62 billion. Constellation Brands — Shares rose 1.1% after Citi upgraded the stock to Buy from Neutral. Citi said the alcohol maker’s valuations are historically low, but sales trends are improving. Lululemon — Shares of the sports apparel retailer beat TheStreet’s fiscal fourth quarter estimates, sending shares up 5%. Knight Swift Transportation — The truckload service provider rose 1% after UBS upgraded the stock to buy from neutral. The bank cited a growing awareness within the industry of reduced supply and the resulting strengthening of truckload prices. SL Green Realty — Manhattan’s largest commercial office landlord rose 2.5% after Deutsche Bank Research upgraded the stock from hold to buy. Analyst Peter Abramowitz said in a note titled “Don’t Sleep in a City That Never Will” that he expects strong execution of asset sales and refinancing to be a positive catalyst for the stock. The stock is down more than 42% from its recent high. DocuSign — Software stock rose 1.4%. DocuSign beat expectations for the fourth quarter and provided strong guidance for the first quarter and fiscal year. The company expects first-quarter revenue to be between $822 million and $826 million, compared with the $813 million expected by analysts compiled by LSEG. — CNBC’s Liz Napolitano, Pia Xin, Alex Harring, Davis Giangiulio, Lisa Kai-Lai Han and Sarah Ming contributed reporting.
