![‘Chicago Med’ Recap Season 10, Episode 8 — [Spoiler] Dead or Alive](https://tvline.com/wp-content/uploads/2024/11/chicago-med-recap.jpg?w=650 "‘Chicago Med’ Recap Season 10, Episode 8 — [Spoiler] Dead or Alive")
Check out the companies making headlines in midday trading: Five Below — Shares of Five Below sank 12% after the discount retailer fell short of Wall Street’s first-quarter revenue estimates and offered disappointing guidance. For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG expected $883 million. Salesforce — The stock moved 2.7% higher following news that Salesforce board member and co-CEO of activist investor ValueAct, Mason Morfit, has increased his stake in the software company to just under $1 billion. The move was made earlier this week and comes just days after the company reported its first revenue miss since 2006. Lululemon — Shares added 5.7% following the athletic apparel retailer’s earnings beat . Profit per share came in at $2.54 versus the $2.38 expected from analysts polled by LSEG. Revenue was $2.21 billion, topping the consensus estimate of $2.19 billion. Lululemon issued weak guidance for the current quarter, but its full-year earnings per share guidance was above expectations. Sprinklr — Shares of the business technology company sank 16% after its guidance for the current quarter and full year came in weaker than expected. For full-year revenue, the company slashed its range to between $779 million and $781 million, which is below the $805.4 million consensus forecast of analysts, according to FactSet. Its prior guidance was set to between $804.5 million and $805.5 million. Old Dominion Freight Line — Shares dropped 3% after the freight company reported cooling tonnage growth. The company saw a 1.5% increase in May, down from a 2.3% rise in April. Smartsheet — The workplace technology stock surged 16.5% following first-quarter earnings results that topped Wall Street’s expectations. The company posted adjusted earnings of 32 cents per share, beating the 27 cents in earnings per share that analysts surveyed by LSEG were anticipating. Smartsheet also recorded $263 million in revenue, which is higher than the anticipated $258 million. Instacart — The grocery delivery stock jumped 8.3% after the company announced a share repurchase program. Instacart will buy back as much as $500 million in aggregate of its common stock. J.M. Smucker — The food and beverage manufacturer’s stock jumped about 5% on the heels of a better-than-expected earnings report for its fourth quarter of fiscal 2024. The company recorded earnings of $2.66 per share, which is better than the LSEG consensus estimate of $2.33 in earnings per share. Fluence Energy — The energy storage stock slipped about 6.4% following a downgrade to neutral from buy at Guggenheim. The investing firm called the shares “fairly valued” after a recent rally. Ultragenyx Pharmaceutical — Shares of the biopharma company popped around 3% after a Goldman Sachs upgrade to buy from neutral. The bank sees upside for the stock due to its “diverse rare disease pipeline,” saying it has “increased conviction” in its monoclonal antibody treatment for brittle bone disease, also known as osteogenesis imperfecta. StoneCo — Shares of the financial technology company rose 3% after JPMorgan upgraded the stock to overweight from neutral. The bank cited its earnings per share potential and discounted valuation as reasons for the call. — CNBC’s Samantha Subin, Michelle Fox, Lisa Han and Alex Harring contributed reporting.
Five Below, Salesforce and more
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