Check out the companies making headlines in midday trading. Norwegian Cruise Line — The cruise ship operator soared 18% on strong forward guidance. Norwegian expects a profit of 12 cents per share in the current quarter, topping analysts’ consensus estimate calling for a loss of 20 cents per share, according to FactSet. Unity Software — The video game developer dropped about 9% on disappointing EBITDA guidance. Unity expects adjusted EBITDA to range between $45 million and $50 million, versus the $113 million expected by analysts polled by FactSet. Viking Therapeutics — The clinical-stage biotech soared more than 90% after fulfilling primary and secondary endpoints in its Phase 2 GLP-1 study. Viking said its Phase 2 Venture trial showed weight loss in patients receiving the VK2735 treatment. Hess Corporation — The oil and gas explorer fell 3% after Chevron warned investors that a dispute involving Exxon Mobil and China’s National Offshore Oil Corp. (Cnooc) over Guyana’s offshore oil assets threatens the planned purchase of Hess. Chevron slipped 2%. Workday — Shares slipped 3% after posting quarterly results. Earnings came in at $1.57 per share, beating expectations of $1.47 per share, according to LSEG, formerly known as Refinitiv. Revenue of $1.92 billion matched analysts’ expectations. The cloud-based software vendor also reiterated guidance for fiscal 2025. Hims & Hers — The health platform soared more than 33% on better-than-estimated earnings as well as forward financial guidance. Hims & Hers earned 1 cent per share on $247 million in revenue in the fourth quarter, while analysts polled by LSEG expected a loss of 2 cents on $246 million in revenue. Hims & Hers also shared guidance for revenue and adjusted EBITDA that was above what analysts forecast. Macy’s — The department store chain added 3% after cost-cutting initiatives aimed at fending off activist investors offset mixed quarterly results and a decline in same-store sales growth. The Bloomingdale’s owner plans to close about 150 department stores and open new locations of better-performing chains. Lowe’s — Shares climbed nearly 3% to a 52-week high after the home improvement retailer reported better-than-expected earnings. Lowe’s EPS of $1.77 in the latest quarter surpassed an estimate of $1.68, according to LSEG. Lowe’s revenue topped expectations. Zoom Video — Shares rose nearly 5% after the video chat software vendor posted fiscal fourth-quarter results that topped Wall Street’s expectations on the top and bottom lines. Zoom earned adjusted per share profit of $1.22 per share on $1.15 billion in revenue. Cava — The restaurant chain rallied 6% one day after its latest earnings and revenue exceeded analysts’ estimates. Cava’s fourth-quarter revenue of $175.5 million was 52% higher than a year ago and above the $174.3 million expected by analysts polled by FactSet. Cava also gave EBITDA guidance for the full year that surpassed estimates. Roku — Roku dipped more than 1% after Wells Fargo downgraded it to underweight from equal weight, citing concerns that Walmart’s Vizio acquisition could hamper growth. Sprouts Farmers Market — Shares gained 2% after Bank of America Securities double-upgraded the supermarket chain to buy from underperform, saying Sprouts’ differentiated assortment of goods is driving sales. The bank hiked its price target on the stock to $70 from $30, implying about 13% upside from Monday’s close. Duolingo — Shares of the language learning company rose more than 6% following Seaport Research Partners’ initiation of research coverage with a buy rating. Duolingo is set to release fourth quarter results on Wednesday. CarGurus — CarGurus shed more than 7% on weak financial guidance for the current quarter. The online car-selling platform topped Wall Street’s fourth-quarter expectations, but said it anticipated revenues and earnings to range between $201 and $221 million and 24 cents and 29 cents, respectively, in the first quarter. That was short of the $236 million in revenue and 31 cents in per share earnings that analysts polled by LSEG had expected. AutoZone — AutoZone gained nearly 6% after topping Wall Street fiscal second-quarter expectations on the top and bottom lines. The auto and truck parts retailer posted earnings of $28.89 per share on $3.85 billion in revenue. Coinbase — Coinbase shares rose about 3% as cryptocurrency prices jumped, sending bitcoin above $57,000 . Other crypto-connected stocks also rose, with CleanSpark gaining 2.7%. Microstrategy surged more than 9% after buying another 3,000 bitcoin . — CNBC’s Sarah Min, Michelle Fox, Alex Harring, Jesse Pound and Yun Li contributed reporting.
