These are the stocks posting the largest moves in midday trading.
Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker dropped more than 4%, marking the latest in a volatile string of sessions. Tesla jumped over the last two sessions after notching its worst day since 2020 on Monday.
American Eagle Outfitters — Shares slipped 3% after the retailer said it expects a mid-single-digit drop in sales for its first quarter , missing analysts' expectations of a 1.3% revenue increase, per LSEG. American Eagle also anticipates a low-single-digit decline in sales for the full year, compared to expectations of 3% growth. The company posted an earnings beat for its fourth quarter and revenue that was in line with estimates. Dollar General — Shares of the discount retailer jumped more than 3% after the company posted a fourth-quarter revenue beat . Dollar General saw revenue reach $10.30 billion, above the consensus estimate of $10.26 billion, according to LSEG. Fellow discount retailer Dollar Tree also gained more than 5% in sympathy following the beat. Intel — Shares of the chipmaker popped 14% after Intel announced it appointed Lip-Bu Tan , the former chief executive of software company Cadence Design Systems, as its new CEO. Ulta Beauty — Shares of the beauty products retailer fell 4.9% ahead of its earnings scheduled after the closing bell. Analysts polled by LSEG expect Ulta to report earnings of $7.12 per share on revenue of $3.46 billion for its latest financial quarter. Adobe — The software company's price declined 14% on the heels its lackluster fiscal second-quarter guidance. The company forecast earnings of $4.95 per share to $5 per share on revenue of $5.77 billion to $5.82 billion during the period. Analysts had called for earnings of $5 per share on $5.8 billion in revenue. UiPath — The software stock sank 14% after the company's fourth-quarter revenue came in below expectations. UiPath reported $424 million of revenue, below the $425.1 million projected by analysts, according to FactSet. First-quarter revenue guidance also came in below analysts' projections, with a company executive citing macroeconomic uncertainty. iRobot — Shares slid 15% after iRobot, the maker of the Roomba vacuum robots, said it started a review of strategic alternatives including refinancing the company's debt, as well as exploring a potential sale. iRobot also reported a wider-than-expected loss in its fourth-quarter earnings results, an adjusted loss of $2.06 per share compared to the FactSet consensus estimate of a $1.73 loss. Its revenue of $172 million exceeded the expected $171 million, however. DocuSign — Shares of the contract management platform fell 6% ahead of its scheduled earnings report for after market close. Analysts polled by LSEG expect the company to report earnings of 85 cents per share on revenue of $761 million. G-III Apparel — The parent company of fashion brands such as Nautica and Champion climbed more than 5% after its fourth-quarter numbers beat expectations. G-III Apparel earned 4 cents per share, excluding certain items, on revenue of $225.5 million. Analysts polled by FactSet expected a profit of 1 cent per share on revenue of $22.2 million. — CNBC's Alex Harring, Jesse Pound, Sean Conlon and Michelle Fox contributed reporting.
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