Check out the companies that are trending in intraday trading. CrowdStrike — The cybersecurity company soared more than 15% after beating Wall Street’s quarterly expectations and issuing strong guidance. CrowdStrike reported adjusted earnings of 95 cents per share on revenue of $845 million. Management also reiterated its plan for annual recurring revenue to reach $10 billion by 2030. JD.com — The Chinese e-commerce platform soared nearly 19% after posting a quarterly increase in revenue. The company also launched a $3 billion stock buyback program that is scheduled to begin this month and run through March 2027. Nordstrom — Shares plunged 14% after the department store chain announced a weak outlook for 2024. Nordstrom expects full-year sales to be in the range of between a 2% decline and a 1% increase compared to last year. Thor Industries — Shares plunged 11% after the recreational vehicle maker reported disappointing quarterly sales. Thor Industries’ second-quarter revenue was $2.21 billion, below the FactSet consensus estimate of $2.27 billion. Foot Locker — Shares fell 27.6% after the sneaker retailer reported a fourth-quarter loss and issued a weak outlook for the current fiscal year. Foot Locker expects full-year adjusted earnings per share to be between $1.50 and $1.70, while LSEG (formerly Refinitiv) expects adjusted earnings per share of $1.40 to $2.30. The company also said its March 2023 profitability target will be delayed by two years. HashiCorp — Shares rose 10.8% after HashiCorp posted a record high in its latest quarterly results. The software company reported fourth-quarter adjusted earnings of $156 million, or 5 cents per share. Analysts surveyed by LSEG had expected revenue of $149 million and earnings of 1 cent per share. Banking stocks — Industry sources say U.S. regulators are expected to “significantly reduce” the capital banks must keep on hand to deal with potential losses, following a Reuters report. , bank stocks fell as a group. Shares of PNC Financial Services Group fell 3% and Northern Trust fell 5.4%. Morgan Stanley fell 3% and M&T Bank fell 1.3%. Couchbase — Shares rose 3.4% after the cloud database services company reported better-than-expected quarterly results. Couchbase reported a non-GAAP loss per share of 6 cents in the fourth quarter, narrower than the 14 cent loss per share expected by analysts surveyed by FactSet. Revenue was $50.1 million, also beating consensus estimates of $46.6 million. Coinbase Global — Share price rose more than 6% as cryptocurrency prices rose. Bitcoin rose 6% on Wednesday after hitting a new intraday record on Tuesday. Ether soared to its highest price since January 2022. ChargePoint Holdings — Shares fell more than 9% after the electric vehicle charging station company announced disappointing guidance. ChargePoint expects first-quarter revenue in the range of $100 million to $110 million, lower than the $126.6 million expected by analysts surveyed by FactSet. ChargePoint is already down 22% this year, with the stock most recently trading below $2 per share. Box — Shares rose more than 6% after the cloud content management company beat quarterly profit estimates. Box’s fourth-quarter profit was 42 cents per share, beating the 38 cents expected by analysts polled by LSEG. Revenues of $263 million met expectations. Separately, Box announced that it is integrating a new large-scale language model with Microsoft’s Azure OpenAI service. GitLab — Stocks rose 6.8% after Wolfe upgraded his GitLab to outperform its peers, saying he sees “significant upside” for the software company. GitLab is down 0.1% this year, underperforming the broader market. Brown-Forman — Shares fell 9.7% after Brown-Forman, the spirits and wine company behind Jack Daniel’s, lowered its full-year organic net sales forecast. The outlook for the full year to April 2024 was revised down from the previous 3-5% growth forecast to flat, indicating pressure from rising commodity prices. Palantir Technologies — after the software platform builder received a $178.4 million contract from the U.S. Army to develop 10 artificial intelligence-powered ground stations as part of a project called TITAN (Tactical Intelligence Targeting Access Node). , the stock rose 8.9%. Target — Shares rose 3.8% Wednesday, adding to gains from Tuesday’s session, when the retail giant closed 12% higher after strong quarterly results. Wall Street giants HSBC and Deutsche Bank upgraded Target to buy following the results. Super Micro Computers — Argus initiates coverage of the data center company with a Buy rating, saying Super Micro Computers is “driven by several years of solid revenue growth, margin expansion, and EPS acceleration.” Shares rose 4.2% after the announcement. Tesla — The stock fell 2.7% after Morgan Stanley analyst Adam Jonas, a known Tesla bull, lowered his price target for the EV maker. He said Tesla could incur losses in the coming quarters because of competition from hybrid cars. Abercrombie & Fitch — Shares fell 1.3% even though the apparel retailer posted better-than-expected sales and bottom line results in its latest quarterly results. Abercrombie & Fitch reported fourth-quarter earnings of $2.97 per share and sales of $1.45 billion. Analyst estimates compiled by LSEG were for earnings of $2.83 per share and revenue of $1.43 billion. Oddity Tech — Shares fell more than 7% in his latest financial results, even though the consumer technology company beat expectations on revenue and bottom line and released better-than-expected first-quarter and full-year guidance. . Oddity Tech reported fourth-quarter adjusted earnings of 17 cents, beating the FactSet consensus estimate for earnings of 9 cents per share. Revenue was $97.2 million, exceeding expectations of $85.9 million. — CNBC’s Michelle Fox, Lisa Kai-Lai Han, Ha-Kyung Kim, Pia Shin and Samantha Subin contributed reporting.
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