Check out the companies making the biggest moves at noon: Klarna — The buy now, pay later platform fell nearly 7% in its first earnings report since its IPO in September, posting a third-quarter operating loss of $83 million (compared with an operating profit of $13 million a year earlier). STRATEGY — Cryptocurrency agencies rose 8% as the flagship digital currency, Bitcoin, rebounded after hitting its lowest since April. Cloudflare — The cloud and cybersecurity stock fell more than 2% in the wake of an outage that affected some of the world’s largest platforms, including social media sites X and ChatGPT. Cogent Communications — The Internet access provider soared 9% after its board of directors reinstated a $100 million stock repurchase program. Fox Factory — The maker of suspensions for bicycles and off-road vehicles rose 5% after CEO Michael Dennison said he was buying 22,000 shares. J & J Snack Foods — The maker of Icee and Dippin’ Dots soared 5% after its fiscal fourth quarter profit beat expectations. Adjusted earnings per share were $1.58, compared with analyst estimates compiled by FactSet of $1.24. J&J Snack Foods also announced that it has begun a comprehensive business transformation program aimed at generating at least $20 million in annual operating income. Medtronic — Health technology stock rose 6% on earnings growth. Medtronic had second-quarter sales of $8.96 billion and earnings, excluding items, of $1.36 per share. Analysts polled by FactSet had expected earnings of $1.31 per share and $8.87 billion. Energizer Holdings – Shares fell 18% after the company’s fiscal fourth-quarter profit fell short of analyst expectations. Energizer posted adjusted earnings of $1.05 per share, compared with the $1.12 expected by analysts polled by FactSet. The battery maker’s first quarter profit forecast was also lower than expected. Chief Executive Officer Marc Lavigne said the first quarter would be “more impacted by temporary tariff costs and relief measures.” Ceva — The semiconductor and software intellectual property company fell 11.5% after an underwritten public offering of 3 million shares. Underwriters include JP Morgan and UBS. Helmerich & Payne — This drilling rig company fell about 5% after disappointing financial results. Helmerich & Payne reported an adjusted loss of 1 cent per share in its fiscal fourth quarter, missing the FactSet consensus estimate for earnings of 23 cents per share. However, sales exceeded analysts’ expectations. Home Depot — Shares fell nearly 4% after the company reported third-quarter profits that fell short of analysts’ expectations. The home improvement giant had adjusted earnings of $3.74 per share, compared with analysts’ estimates compiled by LSEG of $3.84 per share. Home Depot also lowered its full-year profit forecast. Amer Sports — Shares rose nearly 8% after the sporting goods company, whose brands include Salomon and Wilson, reported better-than-expected results. Excluding items, earnings were 33 cents per share, beating the 25 cents per share expected by analysts surveyed by FactSet. Sales also exceeded expectations of $1.72 billion at $1.76 billion. James Hardie Industries — The Irish building materials company’s U.S.-listed shares rose 7% on second-quarter sales of $1.29 billion, beating the consensus estimate of $1.28 billion from analysts polled by FactSet. Adjusted earnings per share were in line with analyst estimates of 26 cents. James Hardie also raised its full-year adjusted EBITDA forecast. —CNBC’s Michelle Fox, Alex Harring, Sarah Ming and Scott Schnipper contributed reporting.
