Here are some of the stocks that made the biggest moves in midday trading. McKesson — The medical supply company soared 16%. Fiscal third-quarter earnings per share beat the Street’s highest estimate, and fiscal year adjusted EPS guidance increased from previous estimates and also beat analyst consensus, according to FactSet data. Bob’s Discount Furniture — The home furnishings retailer went public on the New York Stock Exchange Thursday afternoon. The stock is priced at $17, and has recently risen 10%. Huntington Ingalls — The Navy warship contractor fell 11% after reporting free cash flow guidance for 2026 of $500 million to $600 million, below Street estimates of $624.2 million, according to FactSet data. Novo Nordisk — Shares of the drug company fell more than 5% after Hims & Hers Health announced plans to offer a combination oral version of Novo’s Wigovy tablets at an introductory price of $49 per month. Fluence Energy — The battery storage provider fell 31%. First-quarter revenue was $475.2 million, below the street consensus of $481.2 million. The loss per share was 34 cents, below analysts’ expectations of a loss of 21 cents and the worst-case estimate of a loss of 29 cents, according to FactSet data. Cummins — Shares of the diesel engine manufacturer and distributor fell nearly 8%. Fourth quarter earnings per share of $4.27 included charges related to the company’s electrolyzer business. According to FactSet, the company’s revenue for the period was $8.54 billion, beating analysts’ expectations of $8.11 billion. Rockwell Automation – Shares fell more than 5% after the industrial automation company reaffirmed full-year revenue growth of 3% to 7%, compared with the 6.1% increase that analysts surveyed by FactSet had been looking for. Canada Goose — Cold-weather clothing maker Canada Goose fell 19% after its fiscal third-quarter earnings per share and earnings before interest and taxes both fell short of Wall Street expectations. Amazon — Shares of the e-commerce giant fell more than 3% ahead of its fourth-quarter results, which will be released after the bell. Analyst estimates compiled by LSEG are for earnings of $1.97 per share and sales of $211.33 billion. Wall Street will likely be watching for revenue growth from Amazon Web Services, the company’s cloud business. RALPH LAUREN — The apparel retailer warned that higher U.S. tariffs and increased marketing spending would reduce its fourth-quarter operating margin by 80 to 120 basis points at constant currency. This outlook exceeded fiscal third-quarter revenue and bottom line. The stock price fell more than 5%. Steris — The surgical supplies provider fell 8%. Steris reiterated his full-year outlook, calling for adjusted earnings per share of $10.15 to $10.30, compared with the FactSet consensus of $10.22. The company’s outlook includes the impact of the tariffs, which it estimates will reduce pretax profit by about $55 million. Qualcomm — The chipmaker fell nearly 7% as global memory shortages fell short of the company’s expectations. Qualcomm expects adjusted earnings for the fiscal second quarter to be between $2.45 and $2.65 per share on revenue between $10.2 billion and $11.0 billion. Analyst estimates compiled by LSEG were for sales of $11.11 billion and earnings per share of $2.89. Estee Lauder — This cosmetics company plunged 22% following its second quarter results. Estée Lauder reported adjusted earnings per share of 89 cents, beating the 84 cents expected by analysts surveyed by LSEG. Sales were $4.23 billion, in line with expectations. The company also raised its full-year earnings outlook to $2.05 to $2.25 per share, up from the consensus estimate of $2.16. Alphabet — Google’s parent company fell more than 3%. Alphabet outperformed in both profit and revenue in the fourth quarter. However, capital spending in 2026 is projected to increase significantly from $175 billion to $185 million, more than double 2025 spending. Arm Holdings — U.S.-listed shares of the British semiconductor and software design company rose 7%. LSEG said its third-quarter adjusted earnings were 43 cents per share on revenue of $1.24 billion, beating analysts’ expectations for earnings of 41 cents per share and revenue of $1.22 billion. Cryptocurrency Stocks — Cryptocurrency stock prices fell as Bitcoin fell below $67,000. Strategy fell 12%, Coinbase fell 8% and Robinhood Markets fell 5%. Peloton — Shares fell 23% after the connected fitness company reported disappointing fourth-quarter results. Peloton posted a loss of 9 cents per share on revenue of $657 million. Analysts surveyed by LSEG had expected a loss of 6 cents per share on revenue of $674 million. Cardinal Health — Shares rose 8% after the healthcare services and products company reported higher profits and raised its full-year outlook. Cardinal Health’s quarterly adjusted earnings were $2.63 per share, compared to the consensus estimate of $2.36, according to LSEG. Revenue came in at $65.63 billion, compared to the consensus estimate of $64.14 billion. Cardinal now expects adjusted EPS to be between $10.15 and $10.35 for the full year, compared with previous guidance of at least $10. HERSHEY — The candy company beat expectations for fourth-quarter profits and sales, sending its stock up 7%. Hershey reported adjusted earnings of $1.71 per share on revenue of $3.09 billion. Analyst estimates compiled by LSEG were for EPS of $1.40 and revenue of $2.98 billion. —CNBC’s Christina Cheddar Burke, Scott Schnipper, Sarah Ming, Lisa Kailai Han and Nick Wells contributed reporting. Correction: A previous version incorrectly stated how Cummins’ fourth-quarter earnings compared to Street estimates.
