Try the businesses making headlines in noon buying and selling. Greenback Tree – Shares tumbled 20% after the low cost retailer slashed its full-year outlook for internet gross sales and adjusted earnings per share. Greenback Tree cited growing pressures on middle- and higher-income prospects. GitLab – The software program developer’s inventory soared 17% because of a powerful third-quarter earnings outlook. The corporate forecasts earnings per share of 15 cents to 16 cents for the interval, above the 11 cents that analysts surveyed by LSEG had estimated. Gitlab’s full-year gross sales outlook additionally got here in above expectations. Zscaler – The inventory misplaced 18% after the cloud safety firm’s fiscal first-quarter earnings outlook got here in weaker-than-expected. Zscaler expects to earn between 62 cents and 63 cents per share, beneath the 73 cents per share analysts have been estimating, per LSEG. The corporate additionally expects to earn between $2.81 per share and $2.87 per share for the total yr. That is additionally beneath the analyst estimate of $3.33 per share. AST SpaceMobile – Shares spiked greater than 19% after the corporate mentioned it is planning to launch its first 5 industrial satellites – known as BlueBirds – on or after Sept. 12 from Cape Canaveral, Florida. AST SpaceMobile additionally mentioned the satellites might be deployed in low orbit and supply mobile broadband service to billions of people worldwide. Asana – Shares plunged 8% on weaker-than-expected third-quarter and full-year forecasts. Asana sees gross sales for the third quarter coming in between $180 million and $181 million, whereas analysts anticipated $182 million, based on LSEG. For the total yr, the corporate expects between $719 million and $721 million in income, beneath the consensus estimate of $723 million. Dick’s Sporting Items – The sporting items firm’s inventory fell greater than 6% on the again of tepid full-year steerage. The retailer expects to earn between $13.55 per share and $13.90 per share. In the meantime, analysts polled by FactSet estimated $13.80 per share. Hormel Meals – Shares spiked greater than 7% after the packaged meals firm reported weaker-than-expected fiscal third-quarter income and lowered its full-year forecast. Hormel posted $2.9 billion in income for the interval, beneath the $2.95 billion analysts have been anticipating, per FactSet. Sweetgreen – Shares of the fast-casual chain gained 4% following an improve to purchase from maintain at TD Cowen. As a catalyst, analyst Andrew Charles pointed to Sweetgreen’s introduction of Infinite Kitchens, or its computerized robotic kitchens. ASML – Shares fell almost 4% on the heels of a UBS downgrade to impartial from purchase. The agency sees earnings progress dropping to the mid-teens from 2026 onward, citing a “plateau in litho depth” and demand normalization. AMD – The chip inventory superior 3%, recovering from losses seen within the earlier session. On Tuesday, AMD shares suffered from a steep semiconductor sell-off, falling 7.8%. — CNBC’s Lisa Kailai Han and Michelle Fox contributed reporting.
