Check out the companies making the biggest moves midday: Brighthouse Financial — The insurance company soared 26% after it announced it would be bought by Aquarian Capital for $70 per share in cash, or around $4.1 billion. The deal is expected to close next year. Golden Entertainment — The casino operator surged 36% after announcing it would be acquired by Blake Sartini for $30 per share — a 41% premium from Wednesday’s close. The deal is expected to close midway through next year. Datadog — Shares of the cloud cybersecurity company soared 21% on better-than-expected results for the third quarter. Datadog earned 55 cents per share, excluding certain items, on revenue of $886 million. Analysts expected a profit of 45 cents per share on revenue of $853.5 million. Datadog also raised its full-year earnings outlook. Marriott Vacations Worldwide — Shares plunged 24% after the global timeshare company lowered its full-year adjusted EBITDA guidance. Marriott Vacations sees earnings ranging between $740 million and $755 million, down from a previous range of $750 million to $780 million. Haemonetics — The medical products maker soared 25% after September quarter earnings excluding one-time items and revenue topped analysts’ highest estimates, according to FactSet consensus survey numbers. Earnings and free cash flow forecasts for the fiscal year ending in March also improved. Cogent Communications — The internet service provider plunged 32% after reporting disappointing third quarter results , as well as cutting its dividend and suspending its buyback. Qualcomm — Shares slipped 4% as Qualcomm expects that it will lose Apple as a customer for its modem business in the coming years. The potential loss overshadowed Qualcomm’s fiscal fourth-quarter earnings and revenue beat and strong current quarter forecast. Under Armour — The sportswear company fell 5% even after the company posted an earnings and revenue beat. Under Armour reported second quarter earnings of 4 cents per share, on an adjusted basis, on revenues of $1.33 billion. Analysts polled by LSEG had expected EPS of 2 cents on revenues of $1.31 billion. Duolingo — Shares tumbled 29% after the company’s fourth-quarter bookings estimate was below expectations. The language learning platform topped third-quarter revenue forecasts and raised its sales outlook. Revenue of $271.7 million in the third quarter bested estimates of $260.3 million. The company now expects revenue of $1.028 billion to $1.032 billion this year. Snap — The social media platform surged 10% after it unveiled a $500 million buyback program and issued strong fourth-quarter revenue guidance. Additionally, Snap said Perplexity AI will pay it $400 million to integrate the AI startup’s search capabilities into Snapchat. AppLovin — The software stock gained 3% after AppLovin’s quarterly results came in better than expected. For the third quarter, AppLovin posted adjusted EBITDA of $1.16 billion, while analysts surveyed by FactSet had expected $1.09 billion. Revenue of $1.41 billion topped the consensus estimate of $1.34 billion. It also issued a rosy fourth-quarter outlook. Papa John’s International — Shares slumped 3% as the pizza chain posted a third-quarter earnings miss. In its last quarter, Papa John’s earned 32 cents per share on revenue of $508.2 million. Analysts polled by LSEG had expected earnings of 41 cents and $523.8 million in revenue. The stock is now down 19% on the week, sinking on Tuesday after Reuters reported that Apollo Global had withdrawn its offer to take Papa John’s private. Lyft — The ride hailing stock advanced 7% after an earnings beat. Lyft earned 11 cents per share. Analysts polled by LSEG expected a profit of 8 cents per share. DoorDash — The meal delivery company plunged more than 15% after it reported mixed results for the third quarter . DoorDash reported earnings of 55 cents per share, disappointing the 69 cents per share analysts polled by LSEG anticipated. However, revenue of $3.45 billion topped analysts’ expectations for $3.36 billion. Fortinet — The cybersecurity stock dropped 7% after Fortinet lowered its full-year guidance, though third-quarter earnings came in better than expected. Fortinet earned 74 cents per share, excluding items, on revenue of $1.72 billion. Analysts polled by LSEG expected earnings of 63 cents per share on $1.70 billion revenue. However, the company changed its revenue guidance through the end of this year to between $6.72 billion and $6.78 billion, a slight decrease from its prior guidance of $6.68 billion to $6.83 billion. HubSpot — Shares slumped 18%, despite the release of stronger-than-expected earnings and revenue. For the third quarter, HubSpot posted earnings of $2.66 per share, excluding items, on revenue of $810 million. Analysts polled by LSEG anticipated earnings of $2.58 per share on revenue of $787 million. e.l.f. Beauty — The beauty products maker dropped more than 31% after it issued disappointing full-year guidance. — CNBC’s Sean Conlon, Sarah Min, Scott Schnipper Lisa Han and Liz Napolitano contributed reporting
Stocks making the biggest moves midday: BHF, DUOL, DDOG, SNAP
