Check out the companies making headlines in midday trading: VF Corporation — Shares jumped more than 27%. The North Face and JanSport parent’s quarterly results beat Wall Street’s expectations for the fiscal second quarter. VF Corporation posted adjusted earnings of 60 cents per share on revenue of $2.76 billion. That is above the 37 cents per share in earnings and $2.71 billion in revenue that analysts surveyed by LSEG were expecting. Cadence Design Systems — Shares in the electronic design company added more than 12% after better-than-expected third-quarter results. Cadence reported adjusted earnings of $1.64 per share on revenue of $1.22 billion, while analysts polled by LSEG sought earnings of $1.44 per share and $1.18 billion in revenue. The firm also upped the midpoint of its non-GAAP earnings per share forecast for the full year. F5 — The cloud services stock advanced 11%. F5 posted adjusted earnings of $3.67 per share and revenue of $747 million in the fiscal fourth quarter. The results surpassed the Street’s forecast of $3.45 in earnings per share and $731 million in revenue, per LSEG. BP — U.S.-traded shares pulled back about 5%. The British oil company reported its weakest quarterly results since 2020 . BP reported an underlying replacement cost profit of $2.3 billion in the third quarter, reflecting a decline from $3.3 billion in the year-ago period. Pfizer — The vaccine maker pulled back 1.3% despite surpassing Wall Street estimates on the top and bottom lines in the third quarter. Pfizer now expects full-year adjusted earnings in a range of $2.75 to $2.95 per share, compared to a previous forecast that called for $2.45 to $2.65 per share. Boot Barn — Shares in the clothing retailer slipped more than 19% after fiscal second-quarter earnings of 95 cents per share met Wall Street estimates. The company also said CEO Jim Conroy will step down from the role as of Nov. 22. JetBlue Airways — The airline was lower by 17% after forecasting a larger-than-expected decline in revenue for 2024. JetBlue also expects fourth-quarter revenue to fall 3% to 7%, while analysts polled by LSEG forecast a drop of 1.4%. Trex — The deck material maker advanced 6% on stronger-than-expected results for the third quarter. Trex reported adjusted earnings of 37 cents per share on revenue of $233.7 million, while analysts surveyed by FactSet anticipated 32 cents per share in earnings and $225.4 million in revenue. Xerox — The printer manufacturer plummeted nearly 18% after third-quarter results missed the Street’s expectations on the top and bottom lines. The company also trimmed its full-year free cash flow guidance. Xerox said it expects a 10% decline in full-year revenue. Crocs — The footwear stock slipped roughly 19% after its fourth-quarter outlook missed analysts’ expectations. Crocs expects adjusted earnings in the range of $2.20 to $2.28 per share in the fourth quarter, while analysts polled by FactSet forecast $2.72 per share. PayPal — Shares slipped about 4% after the payments company gave softer-than-expected guidance for the fourth quarter, calling for “low single-digit growth” for the period. PayPal exceeded earnings expectations for the third quarter, but slightly missed on revenue. D.R. Horton — Shares tumbled 7% after the homebuilder reported earnings of $3.92 per share on revenue of $10.0 billion. That was below the LSEG consensus estimate of $4.17 in earnings per share on revenue of $10.22 billion. The company said rate volatility may be keeping some buyers on the sidelines in the near term. Corning — Shares added about 7% after the specialty glass company issued an upbeat fourth-quarter earnings and revenue outlook. Corning now forecasts core earnings per share in the range of 53 cents to 57 cents, while analysts polled by FactSet forecast 52 cents. The company also expects core revenue of roughly $3.75 billion in the current quarter, compared to a $3.67 billion consensus estimate. Royal Caribbean — The cruise operator gained more than 3% after it raised its full-year guidance. The company upped its full-year earnings outlook to an expected range of $11.57 to $11.62 per share, compared to a prior forecast of $11.35 to $11.45 per share. Ford Motor — The automobile giant tumbled more than 8% after guiding to the lower end of its 2024 earnings outlook . Third-quarter revenue and earnings came in ahead of expectations. — CNBC’s Pia Singh, Michelle Fox, Samantha Subin, Sean Conlon and Alex Harring contributed reporting.
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