Ulta Beauty Store.
Scott Millian | CNBC
Check out which companies are making the headlines at midday Friday.
Ulta Beauty — Cosmetics retail sales rose 12.5% after better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected look for the entire year.
American Eagle – The stock fell 6.6% after the retailer reported weaker-than-expected quarterly revenue. American Eagle reported $1.055 billion in revenue versus Refinitiv’s estimate of $1.142 billion.
Autodesk – Shares rose 10.3% after the software company reported earnings and revenue that beat analysts’ expectations. Autodesk reported total net revenue of $1.170 billion which is better than the Refinitiv consensus estimate of $1.145 billion. The company’s earnings came in at $1.43 per share, beating expectations by nearly 9 cents per share.
Big Lots – The shares fell 12.1% after the discount company reported a profit loss. Big Lots cited inflationary pressures while issuing weaker full-year guidance. The company’s comparable store sales also fell more than expected.
Pinduoduo – Shares rose 15.2% after the Chinese e-commerce company reported better-than-expected quarterly results. Pinduoduo also reported 7% in active buyers compared to the same period last year.
Dell – Shares of the information technology company jumped 12.9% after better-than-expected earnings and returns for the previous quarter. The computer maker said it has benefited from a jump in demand for desktop and laptop computers from business customers.
Red Robin — Shares of Red Robin Gourmet Burgers rose 25.1% after the restaurant chain beat revenue estimates and shared a less-than-expected loss in the last quarter. Similar store sales rose 19.7% year over year, topping StreetAccount’s forecast of 17%.
Marvell Technology – Shares jumped 6.7% after the company reported better-than-expected earnings. Marvell Technology reported earnings of 52 cents per share on revenue of $1.447 billion. Analysts polled by Refinitiv had expected earnings of 51 cents per share on revenue of $1.427 billion.
Business Day – Stocks fell 5.6% after the human capital management company reported earnings that came in below expectations. Business Day reported earnings of 83 cents a share, which was lower than Refinitiv’s estimate of 86 cents a share.
CNBC’s Tanaya Machel, Hana Miu, and Samantha Soobin contributed reporting.