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LivestreamMenuHere are some of the companies making headlines in midday trading. Datadog — The cloud security platform company’s stock plummeted 16%. Datadog’s third-quarter guidance calls for revenue of $1.135 billion to $1.145 billion, only narrowly surpassing the FactSet consensus estimate for $1.11 billion. Second-quarter adjusted earnings and revenue beat the Street’s forecast. Honeywell Aerospace — Shares of the defense company tanked 20% after Honeywell Aerospace slashed its outlook for 2026. The company now sees organic sales growth of 4% to 5%, down from its earlier call for a range of 7% to 9%. Adjusted earnings and revenue in the second quarter sharply missed estimates. UWM Holdings — A top mortgage lender in the U.S. saw shares plunging more than 33% after the firm announced a net loss of $452 million for the latest quarter and paused its dividend for the first time. Albemarle — Shares rose more than 8% after the lithium producer reported second-quarter results that beat analyst expectations. The company earned an adjusted $3.75 per share on revenue of $1.7 billion. Analysts expected a profit of $3.20 per share on revenue of $1.61 billion. Motorola Solutions — Shares gained more than 6% after the security solutions company posted second-quarter results that beat the Street. Motorola Solutions also issued better-than-expected third-quarter and full-year earnings guidance. Macom Technology — Shares rallied 10% after the chipmaker reported better-than-expected results for the fiscal third quarter. The company earned $1.40 per share on revenue of $342.2 million. Analysts polled by FactSet expected a profit of $1.35 per share on revenue of $335.5 million. Peloton Interactive — Shares sank 16% after the connected fitness company’s fourth-quarter results. Its earnings of 13 cents per share was in line with estimates, while its revenue topped expectations. Peloton also reported its active paying subscribers fell 8.8% year over year. Warby Parker — Shares shed 12% after the eyeglasses maker’s second-quarter revenue of $235.5 million fell short of the LSEG consensus estimate of $238 million. Its EBITDA, however, topped expectations. Warby Parker also reaffirmed its full-year guidance. IonQ — Shares of the quantum computing company rose 2.2% on better-than-expected revenue for the second quarter. IonQ’s full-year revenue guidance of $280 million to $290 million also exceeded a FactSet consensus of $268.6 million. Sandisk — The memory chip giant’s stock slid 4% as revenue guidance appeared to disappoint traders. Sandisk said it sees first-quarter revenue in a range of $10.3 billion to $10.8 billion, while the LSEG consensus sought $10.47 billion. Fourth-quarter results beat expectations on the top and bottom lines. Figma — The maker of the graphics editing app’s stock shed 14% after full-year guidance for adjusted operating income came in soft. The company sees operating income ranging from $125 million to $135 million, excluding items, versus the FactSet consensus for $133.2 million. Second-quarter results beat estimates otherwise. DoorDash — Shares added 3% after the meal delivery service’s quarterly revenue of $4.45 billion beat the LSEG consensus of $4.34 billion. Its earnings of 46 cents a share came in line with expectations. Zillow — The online real estate marketplace saw its stock slide more than 12% after it expanded Chief Financial Officer Jeremy Hofmann’s role, giving him the additional title of chief operating officer. The company also reported a solid quarter after the bell, with adjusted earnings per share of 52 cents topping estimates of 45 cents, per LSEG, and $772 million in revenue beating estimates of $758 million. A day earlier, the company announced it would let go of about 500 employees . Western Digital — Shares of the data storage company slumped more than 10% as current quarter projections underwhelmed traders. Western Digital called for adjusted earnings of $4 a share, plus or minus 15 cents, on revenue of $4.1 billion, plus or minus $100 million. The LSEG consensus estimate forecast $3.81 a share on $4.04 billion in revenue. Salesforce — Shares were down 4% after the company announced it will name Miguel Milano as operating chief on Wednesday. Milano, once an executive at Oracle, previously worked for Salesforce for nearly a decade in Europe. The company’s shares are down over 27% year to date. Duolingo — The mobile learning platform saw its shares tumble 9% after revenue guidance for the current quarter came in lighter than expected at $302 million versus FactSet consensus estimates of $303.9 million. Guidance for bookings in the period also missed the mark, expected to land at $307 million versus the anticipated $308.8 million. Bumble — Shares fell 6% for the dating app. Bumble posted a loss of 84 cents per share in the second quarter, versus the FactSet consensus estimate for a profit of 25 cents per share. The company shared third-quarter guidance, calling for adjusted EBITDA in a range of $56 million to $60 million, versus the FactSet consensus estimate for $68.7 million. AppLovin — The marketing platform operator’s stock tanked nearly 18% after third-quarter projections disappointed Wall Street. The company sees adjusted EBITDA for the period in a range of $1.71 billion to $1.74 billion, while the StreetAccount consensus estimate sought $1.75 billion. Revenue in the second quarter also narrowly missed estimates. Diageo — The world’s biggest spirits company unveiled a $1 billion cost-cutting plan to help turn around its business, sending shares 5% higher. Diageo also posted a decline in net sales for the year ending in June, but an increase in adjusted operating profit. — CNBC’s Fred Imbert, Darla Mercado, Tanaya Macheel and Ananya Chetia contributed reporting.
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