Check out the companies making the biggest moves in midday trading. Crocs — The clog maker’s stock soared 21% after Crocs announced an upside outlook for the current quarter. The company expects adjusted earnings to be in the range of $2.67 to $2.77 per share, above the FactSet consensus call of $2.52 per share. The company’s full-year profit outlook also exceeded Wall Street expectations. Restaurant Brands — Shares fell 6% even though the Burger King parent company won on top and bottom lines. Restaurant Brands suffered from rising costs for beef and other products, and profits fell despite increased sales. The company has been hit by competitive pressure in the U.S. Lululemon — Shares of the athleisure brand fell more than 3% after Bloomberg reported that a second version of its leggings was criticized for being too transparent. The news agency cited analyst research notes and comments on Reddit in its report. The brand faced similar criticism a few weeks ago for another style, which it temporarily removed from its website. The incident comes as Lululemon is under pressure to boost sales. Cisco Systems — The maker of networking hardware such as switches and routers missed expectations and fell about 12%. Rising costs for memory chips will likely weigh on the company’s profits in the short term. Cisco announced its second quarter results, with both revenue and bottom line exceeding expectations. Viking Therapeutics — The biopharmaceutical company soared 8% after announcing plans to advance its oral obesity drug into Phase 3 development. AppLovin — The mobile technology company fell 18% despite beating earnings and revenue expectations. AppLovin’s fourth-quarter earnings were $3.24 per share on revenue of $1.66 billion. Analyst estimates compiled by LSEG were for EPS of $2.93 and revenue of $1.6 billion. AppLovin is already down 44% this year. Zebra Technologies — Shares of the maker of automatic identification and data capture products rose nearly 13% after both fourth-quarter revenue and full-year guidance beat expectations. Zebra expects 2026 revenue to increase 9% to 13% year over year. Analysts had expected growth of 9.9%. Geo Group — Shares of this private prison company plunged about 18%. GEO Group announced that CEO J. David Donahue will retire effective February 28th. George Zory, the company’s founder and executive chairman, will assume the helm of the company under an amended employment agreement effective March 1 through April 2. Separately, first-quarter guidance for adjusted EBITDA and revenue were below FactSet consensus estimates. Cognex — Shares of the machine vision maker rose more than 37% after the company reported fourth-quarter adjusted earnings and revenue beats. The company also issued a better-than-expected outlook for the quarter, citing progress in technological advancements in AI-enabled industrial machine vision. Memory Storage Stocks — Memory storage stocks have added to their continued rally this year. Shares of SanDisk and Seagate Technology rose more than 5% and about 10%, respectively. Micron Technology and Western Digital rose more than 2% and about 7%, respectively. This move also comes after Cisco pointed out in its latest financial results that memory costs are rising, which could put pressure on future profits. QuantumScape — Shares fell 9% after the company’s latest earnings. QuantumScape, which develops solid-state lithium metal battery technology, posted a loss of 17 cents per share in the fourth quarter, in line with analyst expectations, according to FactSet. Full-year adjusted EBITDA loss is expected to be between $250 million and $275 million, compared with a consensus loss of $255.1 million. The company also expects full-year capital expenditures to be in the range of $40 million to $60 million, compared to analyst estimates of $46.2 million. Anheuser-Busch InBev — The beer maker’s fourth-quarter profit beat expectations, sending its stock up nearly 5%. The company reported underlying earnings of 95 cents per share, compared to the 90 cents expected by analysts surveyed by LSEG. Revenue was $15.56 billion, beating the consensus estimate of $14.95. Fastly — Cloud computing stocks soared nearly 75% following the results. The company had expected full-year sales of $700 million to $720 million, compared to analysts polled by LSEG who expected $668 million. In the fourth quarter, the company posted adjusted earnings of 12 cents per share on revenue of $172.6 million. Analysts had expected earnings of 6 cents a share and revenue of $161 million. Paycom Software — The payroll and human resources software provider fell about 4% after reporting guidance for calendar year revenue in the range of $2.175 billion to $2.195 billion. This was well below the FactSet consensus estimate of $2.23 billion. ROLLINS — The pest control company fell 12% after a disappointing earnings report. Rollins’ GAAP earnings were 24 cents, below the consensus estimate of 26 cents, according to FactSet. Sales were $912.9 million, lower than expectations of $926.8 million. ALBEMARLE — The chemical maker fell 7% after reporting a fourth-quarter adjusted loss of 53 cents a share, which beat the 42 cents expected by analysts surveyed by FactSet. Meanwhile, revenue was $1.43 billion, beating expectations of $1.35 billion. Albemarle also announced plans to idle its Australian lithium plant and said it would now meet customer demand through other production channels. Magnum Ice Cream — Shares fell 16% after the company announced its first financial results since being spun off from Unilever. The company reported that it will miss its fiscal 2025 revenue and earnings targets due to lower-than-expected sales growth. Equinix — Shares rose 12% after the digital infrastructure company released full-year guidance that beat Wall Street expectations. The company said it expects adjusted earnings before interest, taxes, depreciation and amortization to be in the range of $5.141 billion to $5.221 billion by the end of 2026, compared with analyst consensus estimates of $5.03 billion, according to FactSet. The company also expects revenue to be between $10.123 billion and $10.223 billion this year, beating the consensus estimate of $10.07 billion. Transportation and Logistics Stocks — Many transportation stocks came under pressure on Thursday as investors worried that AI-powered logistics software could undermine their business. CH Robinson Worldwide fell 23% and Expeditors International fell 16%. RXO fell 25%.
