Check out the companies that made the biggest moves at midday: Calix — Shares of the AI and cloud platform fell 16% after the company warned of margin headwinds this year, overshadowing its better-than-expected first-quarter results. TE Connectivity — Shares of the electrical components maker fell 12% after the company’s third-quarter outlook disappointed investors. TE expects adjusted earnings per share of $2.83 and revenue of $5 billion. Both numbers are roughly in line with the FactSet consensus numbers. Sonoco Products — Shares of the steel and aerosol can maker fell more than 15% after the company said it was targeting the lower end of its full-year profit outlook. First-quarter revenue and revenue were also lower than expected. Ax Compute — Shares soared more than 90% after Ax Compute won a $260 million contract to develop Nvidia graphics processing units. AST SpaceMobile — Shares rose 5% after the company announced the Federal Communications Commission approved its plan to provide direct-to-device cellular broadband. This will allow the company to operate up to 248 satellites in low Earth orbit. Healthcare Services Group — Shares of the housekeeping and dining services company rose 18% after its first-quarter results beat expectations. The company posted earnings of 37 cents per share on revenue of $462.8 million. Analysts surveyed by FactSet had expected revenue of $460 million and earnings of 22 cents per share. MASCO — The home improvement company’s stock rose 12% as improved demand, particularly in its plumbing supplies business, led to strong first-quarter results. In the most recent period, Masco had sales of $1.92 billion and earnings per share, excluding items, of $1.04. That compares with FactSet consensus estimates for revenue of $1.83 billion and earnings of 88 cents per share. United Airlines — Shares fell 6% after the airline issued disappointing guidance for the current quarter and full year as rising fuel prices weighed on the outlook. United Airlines now expects adjusted earnings of $7 to $11 per share in 2026, down from its previous forecast of $12 to $14 per share. The company also expects adjusted earnings for the current quarter to be in the range of $1 to $2 per share, below FactSet’s estimate of $2.08. GE Vernova — The energy technology company posted better-than-expected first-quarter sales that soared 12%. GE Vernova reported revenue of $9.34 billion, compared to expectations of $9.25 billion, according to analysts surveyed by FactSet. The company also reported earnings per share of $17.44, but it’s not clear whether this will match the $1.95 expected, Street Accounts noted. Boeing — Shares rose 5% after the company reported a higher-than-expected first-quarter loss. LSEG said the company had a loss of 20 cents per share on profit of $22.22 billion, compared with estimates of a loss of 80 cents per share on revenue of $21.78 billion. Capital One Financial — Shares fell 1% after the bank reported first-quarter earnings per share excluding items of $4.42 on revenue of $15.23 billion. This was lower than analysts surveyed by LSEG had expected for earnings of $4.55 per share and revenue of $15.36 billion. Vertiv — Shares fell more than 4% even though the company reported higher profits and sales in its first-quarter report. Vertiv posted earnings of $1.17 per share and revenue of $2.65 billion, compared to expectations for earnings of $1.17 per share and revenue of $2.65 billion, according to analysts surveyed by FactSet. Best Buy — The stock soared 2% after the company announced that Jason Bonfig will replace Corey Barry as CEO, effective Oct. 31. Mr. Bonfig is currently the company’s chief customer, product and fulfillment officer. Adobe — Shares rose 3% after the company’s board approved a $25 billion stock repurchase program through April 2030. The buyback plan comes as Adobe’s stock price has fallen more than 26% since the beginning of the year. — CNBC’s Davis Giangiulio and Christina Cheddar-Berk contributed reporting. Correction: This article has been corrected to reflect that TE Connectivity has issued unsatisfactory fiscal third quarter guidance. Previous versions incorrectly listed time periods and numbers.
