Check out the companies that made the biggest moves at midday: Vestis — Shares rose more than 30% after the uniform and apparel maker’s second-quarter results beat expectations. Vestis also raised its EBITDA outlook for fiscal 2026. Zebra Technologies — Automation stock soars 17% after first-quarter results beat expectations. Zebra earned $4.75 per share, excluding certain items, on revenue of $1.5 billion. Analysts polled by FactSet had expected sales of $1.48 billion and earnings of $4.25 per share. The outlook for the second quarter also exceeded expectations. Lariant — The maker of precision equipment and sensors saw its stock rise 14% on the back of first-quarter profit that beat analysts’ expectations. Raliant had an adjusted profit of 57 cents per share. This beats the company’s guidance and the FactSet consensus of 49 cents per share. Hub Group — Shares fell more than 10% after the transportation and logistics company announced it would recalculate its results for the end of 2024 and 2023. Under Armor — The sportswear company’s stock fell 18% after the company posted a loss of 3 cents on revenue of $1.17 billion in its fiscal fourth quarter. Analysts surveyed by LSEG had expected a loss of 2 cents on revenue of $1.68 billion. GameStop, eBay — GameStop shares fell more than 2% on Tuesday after online retailer eBay rejected a $56 billion takeover offer from the electronics retailer, citing questions about acquisition financing. eBay stock was slightly higher. Hold — Shares fell 4% even though the running shoe maker reported first-quarter profits and sales that beat analysts’ expectations. On also reiterated its full-year net sales growth outlook and raised its earnings outlook. Wendy’s — Shares rose more than 16% after the Financial Times reported that Nelson Peltz’s Trian Fund Management was considering raising money to take the fast-food chain private, citing people familiar with the matter. ZoomInfo Technologies — Shares of the market intelligence platform fell more than 33% after the company lowered its full-year revenue outlook to a range of $1.185 billion to $1.25 billion. The company’s prior forecast range was $1.247 billion to $1.267 billion. Hims & Hers Health — Shares fell 14% after the telemedicine company released disappointing earnings guidance. AST SpaceMobile — Shares fell 13% after the satellite developer reported a higher-than-expected loss in the first quarter. The company also reaffirmed its full-year revenue guidance of $150 million to $200 million. GitLab — Shares plunged 11% after CEO Bill Staples outlined extensive restructuring plans tied to the software company’s transition to agent AI, including layoffs, administrative cuts, and a smaller geographic footprint. GitLab said it plans to reduce the number of countries it operates in by up to 30%, eliminate up to three layers of management, reorganize research and development into about 60 small teams, and scale agent AI in internal processes. The company did not disclose the number of positions being eliminated or the expected financial impact, but said details would be shared in its June 2 earnings call. Webtoon Entertainment — Shares of the online platform fell 9% after the company said it expected second-quarter revenue in the range of $332 million to $342 million. Analysts polled by FactSet had expected $348 million. The company’s second-quarter adjusted EBITDA guidance was $0 to $5 million, which was also below expectations by $12.1 million. Meanwhile, Webtoon’s first-quarter revenue of $320.9 million also fell short of the consensus estimate of $321.6 million. Cleanspark — Bitcoin miner and data center developer’s stock fell 9%. The company’s second-quarter loss came in at $1.52 a share, beating expectations, but analysts surveyed by FactSet had been looking for a loss of 56 cents a share. Second-quarter revenue was also below target, coming in at $136.4 million versus expectations of $145.4 million. Mara Holdings — The cryptocurrency miner’s stock price fell 10%. Mara’s first-quarter loss was $3.31 per share, beating analysts’ expectations for a loss of $1.51 per share, according to FactSet. Sales were lower than expected at $174.6 million, compared to expectations of $181.9 million. —CNBC’s Lisa Kailai Han and Darla Mercado contributed reporting
