Check out the companies making headlines in midday trading. Dutch Bros — The stock popped more than 32% following the coffee chain’s better-than-expected third-quarter results. Dutch Bros earned 16 cents per share on revenue of $338 million for the period, while analysts surveyed by LSEG had penciled in 12 cents per share and $325 million in revenue. Trump Media & Technology Group — Shares of President-elect Donald Trump’s media company plunged more than 20%, giving back the gains in the previous session triggered by his election victory. The stock had popped 5.9% on Wednesday after the Republican was elected the 47th president of the United States. Warner Bros. Discovery — Shares of the streaming platform jumped 9.9% after Warner Bros. Discovery reported third-quarter earnings that reflected its biggest quarterly subscription growth since inception. Warner Bros. Discovery added 7.2 million global subscribers during the quarterly period and had 110.5 million subscribers as of Sept. 30. Under Armour — The athletic clothing company’s stock rallied 33% on stronger-than-expected fiscal second-quarter results. Under Armour posted adjusted earnings per share of 30 cents on revenue of $1.40 billion, while analysts polled by LSEG expected a profit of 20 cents per share and revenue of $1.39 billion. Lyft — Shares rallied 24% after the rideshare company posted a fourth-quarter outlook that beat analysts expectations. Lyft expects current-quarter bookings to come in between $4.28 billion to $4.35 billion, topping a FactSet consensus of $4.23 billion. Lyft also reported a third-quarter adjusted EBITDA and revenue beat. Wolfspeed — The semiconductor manufacturer plunged 34% after fiscal first-quarter revenue and current-quarter guidance came in weaker than expected. Wolfspeed posted revenue of $195 million for the first fiscal quarter, missing the LSEG consensus forecast by $5 million. The company said to expect between $160 million and $200 million in revenue during the current quarter, less than the $215 million figure penciled in. Match Group — Shares of the dating platform fell 17% on mixed third-quarter results and a disappointing fourth-quarter revenue outlook. The company called for a range of $865 million to $875 million in revenue for the fourth quarter, coming out below the forecast $905.1 million from analysts polled by FactSet. Arm Holdings — The semiconductor company gained 5.5% after its quarter results beat estimates. Arm posted adjusted earnings per share of 30 cents on revenue of $844 million for the second quarter. Analysts polled by LSEG forecast a profit of 26 cents per share and revenue of $808 million. Take-Two Interactive Software — The video game maker advanced 6% after posting a top-line beat in the fiscal second-quarter. Take-Two reported $1.47 billion in revenue, topping the expectation of $1.43 billion from analysts surveyed by LSEG. HubSpot — Shares rose 10% after the customer platform company’s quarterly earnings of $2.18 per share on revenue of $669.7 million surpassed expectations. Analysts polled by FactSet estimated earnings of $1.91 per share on $647 million in revenue. AppLovin — The software publisher’s stock price skyrocketed 44% after its third-quarter results beat analysts’ expectations. AppLovin also guided its fourth-quarter EBITDA of $740 million higher to $760 million, higher than the $667 million StreetAccount forecast. Zillow Group — The housing market site saw its shares jump 24%, driven by higher-than-expected earnings and revenue results from the third quarter. Zillow posted adjusted earnings per share of 35 cents on revenue of $581 million. Analysts surveyed by LSEG forecast 29 cents in earnings per share and $555 million in revenue. e.l.f. Beauty — Shares of the beauty products retailer popped 18% after e.l.f. Beauty lifted its full-year earnings and revenue outlook. The company forecasted earnings in the range of $3.47 to $3.53 per share, higher than prior guidance of $3.36 to $3.41 per share. Its revenue is now in the range of $1.31 billion to $1.33 billion, up from a forecast of $1.28 billion to $1.30 billion. Gilead Sciences — Shares of gained 5.9% after the biotech company issued better-than-expected full-year earnings guidance. The company now sees earnings per share in the range of $4.25 to $4.45. Analysts polled by LSEG called for $3.80 per share. — CNBC’s Alex Harring, Sean Conlon, Hakyung Kim, Yun Li and Lisa Kailai Han contributed reporting.
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