Take a look at the companies making headlines in midday trading. Dutch Bros — Shares of Dutch Bros rose more than 32% after the coffee chain reported better-than-expected third-quarter results. Dutch Bros earned 16 cents a share on revenue of $338 million in the period, while analysts polled by LSEG expected earnings of 12 cents a share on revenue of $325 million. TRUMP MEDIA & TECH GROUP — Shares of President-elect Donald Trump’s media company plunged more than 20%, giving up the previous session’s gains spurred by his election victory. The stock rose 5.9% on Wednesday after the Republican was elected as the 47th president of the United States. Warner Bros. Discovery — Shares of Warner Bros. Discovery rose 9.9% after the streaming platform reported third-quarter earnings that reflected its largest quarterly subscription growth since its inception. Warner Bros. Discovery added 7.2 million global subscribers during the quarter, ending September 30 with 110.5 million subscribers. Under Armor — Shares of the athletic apparel company rose 33% on stronger-than-expected fiscal second-quarter results. Under Armor reported adjusted earnings of 30 cents per share on revenue of $1.4 billion, while analysts polled by LSEG expected profits of 20 cents per share on revenue of $1.39 billion. Lyft — The ride-sharing company posted a fourth-quarter outlook that beat analysts’ expectations, sending shares up 24%. Lyft expects bookings for the quarter to be between $4.28 billion and $4.35 billion, beating the FactSet estimate of $4.23 billion. Lyft also reported third-quarter adjusted EBITDA and revenue. Wolfspeed – Shares of Wolfspeed plunged 34% after the semiconductor maker’s fiscal first-quarter revenue and guidance for the current quarter were weaker than expected. Wolfspeed reported fiscal first-quarter revenue of $195 million, $5 million below the LSEG consensus forecast. The company said it expected revenue in the current quarter to be between $160 million and $200 million, below expectations of $215 million. Match Group — Shares of the dating platform fell 17% on mixed third-quarter results and a disappointing fourth-quarter revenue outlook. The company forecast fourth-quarter revenue of between $865 million and $875 million, below the $905.1 million forecast by analysts surveyed by FactSet. Arm Holdings – Shares of Arm Holdings rose 5.5% after the semiconductor company beat quarterly expectations. Arm reported second-quarter adjusted earnings of 30 cents per share on revenue of $844 million. Analysts polled by London Stock Exchange Group (LSEG) forecast profit of 26 cents per share on revenue of $808 million. Take-Two Interactive Software — Shares of Take-Two Interactive Software rose 6% after the video game maker posted revenue growth in its fiscal second quarter. Take-Two reported revenue of $1.47 billion, higher than the $1.43 billion expected by analysts polled by LSEG. HubSpot — The customer platform company reported quarterly earnings of $2.18 per share on revenue of $669.7 million, beating estimates and sending shares up 10%. Analysts polled by FactSet expected earnings of $1.91 per share and revenue of $647 million. AppLovin – Shares of AppLovin soared 44% after the software publisher’s third-quarter results beat analysts’ expectations. AppLovin also raised its fourth-quarter EBITDA forecast by $740 million to $760 million, higher than StreetAccount’s forecast of $667 million. Zillow Group — Shares of the real estate market site jumped 24%, driven by better-than-expected third-quarter earnings and revenue. Zillow reported adjusted earnings of 35 cents per share on revenue of $581 million. Analysts polled by London Stock Exchange Group (LSEG) forecast earnings of 29 cents per share on revenue of $555 million. elf Beauty — Shares of elf Beauty rose 18% after the beauty products retailer raised its full-year profit and revenue forecast. The company expects earnings of $3.47 to $3.53 per share, up from previous guidance of $3.36 to $3.41 per share. Its revenue currently ranges from $1.31 billion to $1.33 billion, above expectations of $1.28 billion to $1.30 billion. Gilead Sciences — Shares of Gilead Sciences rose 5.9% after the biotech company issued better-than-expected full-year profit guidance. The company currently expects earnings in a range of $4.25 to $4.45 per share. Analysts polled by London Stock Exchange Group (LSEG) expected a price of $3.80 per share. —CNBC’s Alex Harring, Sean Conlon, Hakyung Kim, Yun Li and Lisa Kailai Han contributed reporting.
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