Check out the companies making headlines in midday trading: Victoria’s Secret — Shares declined more than 5% after the lingerie retailer issued lighter-than-expected guidance for the first quarter. Victoria’s Secret sees revenue coming in between $1.3 billion and $1.33 billion during the period, while analysts polled by LSEG had estimated $1.39 billion. Management cited an uncertain macro backdrop and shifts in consumer confidence. Marvell Technology — Shares of the semiconductor company slid almost18% after Marvell posted modest beats for the fourth quarter. Marvell reported 60 cents in adjusted earnings per share on $1.82 billion of revenue, while analysts surveyed by LSEG were expecting 59 cents per share on $1.80 billion of revenue. Barclays suggested in a note that strong results for other Amazon supply chain companies had raised expectations for Marvell ahead of the report, and that artificial intelligence-related companies “have been punished despite better fundamentals.” Semiconductor stocks — Shares of high-profile chipmakers slipped in sympathy with Marvell’s downbeat move. Nvidia shares shed nearly 5%, while ON Semiconductor and Taiwan Semiconductor Manufacturing traded about 6% and 3% lower, respectively. MongoDB — Shares sank 24% after the database software maker guided for adjusted earnings of $2.44 to $2.62 per share and revenue of $2.24 billion to $2.28 billion for fiscal 2026. That fell short of analysts’ expectations for full-year earnings per share of $3.34 and revenue of $2.32 billion, per LSEG. Rigetti Computing — The stock reversed early losses to gain nearly 7% despite the company’s fourth-quarter results missing Wall Street’s expectations. Rigetti posted a loss of 68 cents per share on $2.3 million in revenue, while analysts polled by FactSet expected a loss of 7 cents per share and $2.5 million in revenue. Amazon — Shares of the megacap e-commerce giant fell more than 3%, giving back its 2.2% gain from the previous session. The stock is on pace to end the week down more than 5%. Zscaler — The cloud security stock popped nearly 6% after the company posted a fiscal second-quarter beat on both the top and bottom lines. Zscaler posted adjusted earnings of 78 cents per share on revenue of $648 million, while analysts polled by LSEG had penciled in 69 cents in earnings per share and $636 million in revenue. The company also sees its fiscal third-quarter earnings coming in above analysts’ estimates. Teladoc — Telehealth firms Teladoc and LifeMD announced Thursday that they signed an agreement to offer Eli Lilly’s weight loss drug Zepbound to self-paying patients, leading Teladoc shares more than 4% higher. LifeMD shares dipped nearly 1%. Veeva Systems — The cloud computing company’s stock price jumped 9% after the company’s adjusted earnings and revenue for the fourth quarter beat analysts’ estimates. Veeva also posted strong guidance for the current quarter. Grindr — Shares of the LGBTQ social network and dating app slipped 16%. Grindr posted a full-year net loss of $131.0 million, wider than the $55.8 million net loss the company saw the year before. Venture Global — Shares of the natural gas exporter, which went public in January, plummeted more than 30% after the company posted a fourth-quarter revenue decline. Burlington Stores — The clothing retailer popped about 10% on strong fourth-quarter results. Burlington Stores reported adjusted earnings of $4.07 per share on $3.28 billion. Analysts surveyed by LSEG sought $3.76 in earnings per share and $3.23 billion in revenue. BJ’s Wholesale Club — Shares of the big-box retailer leapt 13%. BJ’s Wholesale posted fourth-quarter adjusted earnings of 93 cents on revenue of $5.28 billion. That topped analysts’ call for 88 cents in earnings per share and $5.27 billion in revenue. — CNBC’s Sean Conlon, Hakyung Kim, Lisa Han and Michelle Fox contributed reporting.
https://www.cnbc.com/2025/03/06/stocks-making-the-biggest-moves-midday-mrvl-amzn-zs-tdoc.html
