Check out the companies making the biggest moves midday: Kenvue — The maker of Band-Aid bandages rose 14% after beating analysts’ estimates for its second quarter. Kenvue, which was spun off from Johnson & Johnson last year, posted adjusted earnings of 32 cents a share, versus the 28 cents expected by analysts polled by FactSet. Revenue was $4 billion, compared to the consensus estimate of $3.93 billion. Palantir Technologies – Shares rose 13% after the defense technology company raised its full-year revenue forecast. Palantir now forecasts revenue between $2.742 billion and $2.750 billion, down from previous guidance of $2.68 billion to $2.69 billion. Caterpillar – The industrial giant jumped 3% after a stronger-than-expected quarterly report. Caterpillar’s adjusted earnings came in at $5.99 per share in the second quarter, beating the $5.55 per share estimate from analysts polled by FactSet. Lumen Technologies – The telecom stock surged 77% after the company announced after Monday’s close that it secured $5 billion in new business driven by artificial intelligence-driven demand for connectivity. Molson Coors Beverage – Shares gained 7% after the brewer reported adjusted second-quarter earnings of $1.92 per share, beating the $1.68 per share forecast by analysts polled by FactSet. Revenue also beat expectations, coming in at $3.25 billion versus the consensus estimate of $3.18 billion. Uber Technologies — The ride-sharing company added 9% after missing earnings and revenue. Second-quarter earnings came in at 47 cents a share, beating the 31 cents expected by analysts polled by LSEG. Revenue was $10.7 billion, beating the consensus estimate of $10.57 billion. Planet Fitness – Shares jumped 9% after the fitness company’s top- and bottom-line second-quarter financial results. Planet Fitness reported adjusted earnings of 71 cents per share on revenue of $300.9 million. Analysts polled by FactSet expected adjusted earnings of 66 cents on revenue of $290.2 million. Yum China — Shares jumped 11.7%. The Shanghai-based operator behind Pizza Hut and Taco Bell posted second-quarter earnings that beat expectations. However, earnings came in below the consensus estimate. Separately, the fast food company announced that its chief financial officer is stepping down. ZoomInfo Technologies – Shares of the customer acquisition technology company fell 18% after a quarterly report that missed expectations. ZoomInfo said it earned 17 cents a share on revenue of $291.5 million in the second quarter. Analysts polled by LSEG were looking for 23 cents a share on $308 million in revenue. The company also lowered its full-year revenue guidance and announced a change in its chief financial officer. CSX – Shares gained nearly 4% after the railroad holding company’s second-quarter results. CSX posted earnings of 49 cents per share, above the 48 cents analysts polled by LSEG expected. Revenue, on the other hand, was in line with the consensus estimate of $3.7 billion. Lucid Group – Shares added almost 2% after the electric vehicle company’s revenue miss. Lucid posted revenue of $200.6 million, above the LSEG consensus estimate of $192 million. BioMarin Pharmaceutical — The biopharma stock rose nearly 9%. The company posted adjusted earnings of 96 cents per share for the second quarter, beating the 35 cents expected by analysts polled by FactSet. Revenue also exceeded expectations. Additionally, BioMarin raised revenue and earnings guidance for the full year. CrowdStrike – Shares rose 3% after Piper Sandler upgraded CrowdStrike from neutral to overweight, saying the cybersecurity stock’s slump following global tech disruption is a buying opportunity. The stock is down 10% this year, after falling 40% this quarter alone. — CNBC’s Sarah Min, Sean Conlon, Yun Li and Jesse Pound contributed reporting.
Stocks making the biggest moves at midday: KVUE, CAT, UBER, CRWD