Sports

INTC, NVO, BLSH, ALL

INTC, NVO, BLSH, ALL

Check out the companies making the biggest moves midday: FactSet Research Systems — Disappointing earnings and full-year guidance sent shares 6% lower. The company’s adjusted-fourth quarter earnings came in at $4.05 per share, lower than the $4.13 a share expected from analysts polled by FactSet. It guided for adjusted earnings between $16.90 and $17.60 for the full year, versus the $18.25 consensus estimate. However, fourth-quarter revenue topped expectations. Wynn Resorts — The casino operator rose 2% after Stifel raised its price target to $145 due to international gaming market tailwinds. The new forecast signals upside of more than 17% from Wednesday’s close. Allstate — The insurance giant gained 4.8% after it reported that catastrophe losses for July and August came in at $397 million, well below a FactSet consensus of $1.379 billion for the third quarter. Intel — The semiconductor maker soared 28% after Nvidia said it will invest $5 billion in Intel to co-develop data center and PC products. Nvidia added 3.5%. Novo Nordisk — The Danish drugmaker jumped 6.3% after late-stage results for its once-daily obesity pill showed “significant” weight reduction in line with its Wegovy injectable weight-loss drug. Bullish — The cryptocurrency exchange popped 10.5% after issuing its first earnings report since going public in August. Bullish earned 93 cents per diluted share in its fiscal second quarter on adjusted revenue of $57 million. Cracker Barrel — The restaurant chain earned an adjusted 74 cents per share in its fiscal fourth quarter, less than the 80 cents analysts polled by LSEG had estimated, sending its stock 7.2% lower. Cracker Barrel revenue of $868 million topped a consensus forecast for $855 million. StubHub — The online ticker seller slipped 4.5%, a day after losing 6.4% in its debut on the New York Stock Exchange. Quantum stocks — Quantum stocks moved higher after IonQ signed an agreement with the Department of Energy to advance the development of quantum technologies in space . IonQ rallied 4.6% along with Quantum Computing , while Rigetti Computing surged 15%, and D-Wave Quantum added 5.9%. CrowdStrike — The cybersecurity technology company jumped 5% in premarket trading. At an investor day Wednesday, CrowdStrike gave solid guidance, announced a strategic partnership with Salesforce and said it acquired artificial intelligence security company Pangea. Darden Restaurants — The Olive Garden chain dropped 9% after first-quarter earnings missed expectations. Adjusted earnings of $1.97 per share lagged the expected $2 per share, according to LSEG estimates. Revenue of $3.04 billion matched expectations. Vaccine makers — Health-insurance trade group AHIP said health plans will continue to cover all vaccines recommended by the government effective Sept. 1, safeguarding coverage amid any change in federal policy. Shares of Moderna and BioNTech moved 2% higher, while Pfizer edged up. Amer Sports — The Finland-based sports and fitness equipment maker rose 3.7% after lifting third-quarter guidance. Amer Sports expects year-over-year revenue growth in the high 20% range, versus previous guidance of 20% growth. Nucor — The steelmaker lost 4.9% after saying it expects third-quarter earnings of $2.05 to $2.15 per share, below the FactSet consensus estimate of $2.57 per share. Nucor said earnings were expected to weaken across all its operating segments compared to the second quarter. — CNBC’s Michelle Fox and Liz Napolitano contributed reporting.