The biggest movers in intraday trading were: Penn Entertainment — The casino and gaming company soared 13% after posting better-than-expected fourth-quarter revenue. Mr. Penn’s highest profit was $1.81 billion, beating FactSet’s estimate of $1.76 billion. Paramount Skydance — The media company soared nearly 10% after reporting better-than-expected first-quarter and full-year results. Paramount expects adjusted EBITDA of $900 in the first three months of 2026, beating the FactSet consensus of $744.1 million. The company expects full-year sales of about $30 billion, slightly higher than analysts expected. Cars.com — The online car retailer fell 15% after lower earnings in its fourth quarter report and a weaker-than-expected full-year revenue outlook. The online auto market said its profits are under pressure due to changes in OEMs’ advertising investments. Walker & Dunlop – The real estate finance company’s stock price plunged nearly 20%. Walker & Dunlop issued a bleak full-year outlook, calling for adjusted core earnings of $4.50 to $5 per share, compared with the FactSet consensus calling for $5.43 per share. The company also reported $66.2 million in impairment charges and losses related to unprofitable assets scheduled for sale this year in the fourth quarter, as well as operating expenses and losses attributable to indemnification and repurchase loans. Vital Farms — Shares fell 19% as the egg brand reported weak earnings and lowered guidance. The company revised its 2026 revenue outlook to a range of $900 million to $920 million. This is below previous guidance of $930 million to $950 million. JM Smucker — Food stocks soar 7% after third-quarter results beat expectations. Smucker’s earnings, excluding certain items, were $2.38 per share on revenue of $2.34 billion. Analysts polled by FactSet had expected earnings of $2.27 per share and revenue of $2.32 billion. Nvidia — Nvidia reported strong revenue and earnings in its fiscal fourth quarter. NVIDIA reported adjusted earnings of $1.62 per share, compared to analysts’ expectations of $1.53 per share, according to LSEG. The company’s revenue for the period was $68.13 billion, beating estimates of $66.21 billion due to strong growth in its core data center business. However, the stock price suddenly fell by more than 4%. Trade Desk — Shares of the advertising technology company fell 5% after Trade Desk estimated first-quarter adjusted EBITDA of about $195 million, well below the $223 million expected by analysts surveyed by FactSet. The Trade Desk also missed first-quarter revenue expectations, but its fourth-quarter results beat TheStreet’s expectations. Synopsys — The electronic design automation company fell 4.7% after its full-year earnings outlook failed to impress Wall Street. Synopsys expects revenue to be in the range of $9.56 billion to $9.66 billion, compared to LSEG’s consensus estimate of $9.63 billion. Salesforce — Shares of the customer service software maker fell 2.7%. Salesforce provided fiscal year 2027 revenue guidance in the range of $45.8 billion to $46.2 billion, while the FactSet consensus is $46.11 billion. However, fourth-quarter results exceeded expectations in terms of sales and bottom line. Nutanix — The cloud software company’s stock rose 5%. Nutanix and AMD announced a multi-year partnership to jointly develop an artificial intelligence infrastructure platform. As part of this agreement, AMD will make a strategic investment of $150 million in Nutanix common stock. Separately, Nutanix reported second-quarter results that beat revenue and bottom line, according to LSEG. IonQ — The quantum computing company’s stock rose 19% after IonQ issued a rosy revenue forecast. The company expects first-quarter revenue to be in the range of $48 million to $51 million, higher than analysts’ expectations of $36 million, according to FactSet. Full-year revenue guidance is expected to be in the range of $225 million to $245 million, beating the consensus estimate of $191 million. C3.ai — C3.ai stock fell 21% as investors were disappointed with the company’s third-quarter results. C3.ai posted a loss of 40 cents per share, beating analysts’ expectations of a loss of 29 cents per share, according to LSEG. The company’s revenue for the period was $53.3 million, significantly lower than the $76 million expected by analysts. Shake Shack — The burger chain rose 10% after its fourth-quarter results. Shake Shack reported adjusted earnings of 37 cents per share, beating consensus estimates by 1 cent, according to FactSet. Revenue was $405 million, exceeding analysts’ expectations of $367.2 million. Baidu — The Chinese tech company’s U.S.-listed shares fell 7% after Baidu’s fourth-quarter revenue fell short of analysts’ expectations. Papa John’s International — The pizza chain fell 4.8% after its fourth-quarter earnings disappointed investors. Papa John’s had revenue of $498.2 million, compared to the FactSet consensus estimate of $517.3 million. — CNBC’s Darla Mercado, Davis Giangiulio, Itzel Franco and Michelle Fox contributed reporting.
