Check out the companies making the biggest moves at midday: Arrowhead Pharmaceuticals — Shares soared 19% after the biopharmaceutical company reported fiscal year earnings that beat analysts’ expectations. Arrowhead’s revenue for the period totaled $829.4 million, beating the FactSet consensus of $861.2 million. The company announced last week that it has developed the first and only FDA-approved drug to treat complications associated with familial chylomicronemia syndrome. Cleanspark — The Bitcoin mining company rose more than 4% after reporting fiscal 2025 revenue of $766.3 million, a 102% increase year-over-year. Kohl’s — The department store chain soared nearly 7% a day after surging 43% after reporting better-than-expected third-quarter earnings per share, excluding one-time items, sales and a smaller-than-expected contraction in same-store sales. Envector — The insulin injection device maker fell 6%, adding to its 7% decline from Tuesday. Shares fell in early trading after the company’s fourth-quarter results and full-year outlook did not impress investors. Deere — The farm equipment retailer fell 5% despite reporting better-than-expected fiscal fourth-quarter results. Deere reported earnings of $3.93 per share on revenue of $10.58 billion. Analyst estimates compiled by LSEG were for earnings of $3.85 per share and revenue of $9.85 billion. Dell Technologies — Shares rose 4.5% on positive outlook driven by AI revenue expectations. Dell said it expects fourth-quarter revenue to be $31.5 billion, beating the LSEG analyst consensus estimate of $27.59 billion. Urban Outfitters — The apparel retailer soared about 12% after reporting better-than-expected third-quarter results. Urban Outfitters had earnings of $1.28 per share on revenue of $1.53 billion. Above that, LSEG consensus estimates call for earnings of $1.20 per share on revenue of $1.47 billion. Autodesk — The software company reported third-quarter earnings of $2.67 per share on an adjusted basis, a 3% gain, on revenue of $1.85 billion. Analysts polled by FactSet had expected earnings of $2.50 per share and revenue of $1.81 billion. Petco Health & Wellness — The pet retailer soared 12% after Petco raised its full-year adjusted EBITDA forecast to $397 million from $395 million, compared to the previous estimate of $385 million. NetApp — The data infrastructure company fell 3% even as NetApp reported better-than-expected fiscal second-quarter revenue and third-quarter guidance. NetApp’s adjusted earnings per share were $2.05, beating analysts’ estimates of $1.89 per share compiled by LSEG. Sales also exceeded expectations of $1.69 billion at $1.71 billion. The stock price initially rose, but then lost momentum. HP — The PC and printer maker posted a loss of more than 2% after announcing it would cut 4,000 to 6,000 employees. The company also announced a lower-than-expected profit outlook for the new fiscal year. Zscaler — The cloud security company’s stock fell 12% after Zscaler reported an operating loss. However, Zscaler beat expectations for first-quarter sales and bottom line profits and also issued a rosy full-year outlook. Nutanix — The cloud computing company fell 15% after reporting weaker-than-expected fiscal first-quarter revenue and lowering its outlook for the entire fiscal year. Nutanix now expects fiscal 2026 revenue to be in the range of $2.9 billion to $2.94 billion, compared to its prior guidance of $2.9 billion to $2.94 billion. Analysts polled by FactSet had expected sales of $2.92 billion. PagerDuty — The cloud company fell 23% with mixed third-quarter results. PagerDuty earned 33 cents excluding certain items. That beat FactSet’s estimate of 25 cents a share. However, revenue of $124.5 million was slightly below Workday’s consensus estimate of $125 million. The HR software maker fell 10% after its fiscal third quarter and fiscal year outlook was underwhelming. Workday expects subscription revenue for the quarter to be about $2.235 billion, slightly below FactSet’s estimate of $2.24 billion. For the fiscal year, the company expects subscription revenue to be approximately $8.815 billion. Analysts had expected $8.8 billion. Ambarella — Shares of the fabless semiconductor maker fell 14% even as the company reported better-than-expected third-quarter results. Ambarella earned an adjusted profit of 27 cents per share on revenue of $109 million. Analysts had expected sales of $104 million and earnings per share of 21 cents. — CNBC’s Michelle Fox, Alex Harring, Scott Schnipper and Yun Li contributed reporting
