{"id":33431,"date":"2023-11-09T18:56:05","date_gmt":"2023-11-09T18:56:05","guid":{"rendered":"https:\/\/isafespend.com\/news\/stocks-making-the-biggest-moves-midday-affirm-disney-krispy-kreme-transdigm-and-more\/"},"modified":"2023-11-09T18:56:06","modified_gmt":"2023-11-09T18:56:06","slug":"stocks-making-the-biggest-moves-midday-affirm-disney-krispy-kreme-transdigm-and-more","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=33431","title":{"rendered":"Stocks making the biggest moves midday: Affirm, Disney, Krispy Kreme, TransDigm and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines in midday trading. Affirm \u2014 Affirm shares jumped 17% a day after the fintech company reported fiscal first-quarter revenue that topped expectations. Affirm posted $496.5 million in revenue, more than the $444.5 million consensus estimate, according to FactSet. Virgin Galactic Holdings \u2014 Shares rallied more than 20% a day after the company announced its cost-savings initiative , which includes pausing spaceflight operations next year. The company also laid off about 18% of its workforce. Shares are down nearly 42% year to date. Duolingo \u2014 Duolingo shares surged 17% a day after the education technology company hiked its forecast for the full year. Duolingo estimates revenue will come in at $525 million to $528 million in 2023, compared with earlier guidance of $510 million to $516 million. The company also raised its outlook for bookings for the year. TransDigm Group \u2014 Aerospace and defense company TransDigm Group jumped about 9% on Thursday. The company posted fiscal fourth-quarter earnings and revenue that topped estimates. It posted adjusted per-share earnings of $8.03, greater than the consensus estimate of $7.55, according to FactSet. It issued revenue of $1.85 billion, slightly higher than the forecast $1.84 billion. Disney \u2014 Shares of Disney advanced 7% in midday trading. The media conglomerate expanded its cost-cutting measures by $2 billion, and reported stronger-than-expected adjusted earnings for the fiscal fourth quarter. However, revenue fell short of expectations. Valaris \u2014 Shares of the offshore drilling company jumped 3.6% after Barclays upgraded shares to overweight from equal weight. The upgrade came on the back of the company&#8217;s third-quarter results earlier in the week. Arm Holdings \u2014 Arm shares dropped 6% in midday trading. On Wednesday, the semiconductor technology company said fiscal third-quarter adjusted earnings would range between 21 cents and 28 cents per share, while analysts polled by FactSet called for 27 cents per share. Becton, Dickinson and Company \u2014 Shares dropped more than 8% after Becton, Dickinson and Company reported disappointing quarterly earnings. The medical technology company posted adjusted earnings of $3.42 per share, lower than the $3.43 per share anticipated by analysts polled by LSEG, formerly Refinitiv. Revenue was $5.09 billion, topping the $5.02 billion estimate. Krispy Kreme \u2014 The stock tumbled about 7% in midday trading after the donut maker missed third-quarter analyst expectations. Krispy Kreme reported adjusted earnings of 3 cents per share on revenue of $407 million, lower than the 6 cents per share on $414 million forecast by analysts polled by LSEG. AMC Entertainment \u2014 AMC Entertainment shares dropped 12% after the company said it planned to sell more stock, up to $350 million worth. Amylyx Pharmaceuticals \u2014 The biopharmaceutical stock tumbled 30% on the back of a worse-than-expected earnings report. Amylyx posted 30 cents per share in earnings and $102.7 million in revenue in the third quarter, while analysts surveyed by FactSet anticipated 44 cents per share in earnings and revenue at $113.7 million. \u2014 CNBC&#8217;s Lisa Han, Alex Harring and Hakyung Kim contributed reporting.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/11\/09\/stocks-making-the-biggest-moves-midday-afrm-dis-dnut-tdg.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. Affirm \u2014 Affirm shares jumped 17% a day after the fintech company reported fiscal first-quarter revenue that topped expectations. Affirm posted $496.5 million in revenue, more than the $444.5 million consensus estimate, according to FactSet. Virgin Galactic Holdings \u2014 Shares rallied more than 20% a day<\/p>\n","protected":false},"author":1,"featured_media":33432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-33431","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks making the biggest moves midday: Affirm, Disney, Krispy Kreme, TransDigm and more | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines in midday trading. 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