Check out the companies making headlines in midday trading. WK Kellogg \u2014 The cereal company’s shares surged 11% after posting a beat on both top and bottom lines in the fourth quarter. The recently spun-off company also raised its 2024 forecast. Shopify \u2014 The e-commerce company saw shares slide more than 10% after it gave a mixed forecast for the current quarter. Shopify said it expects free cash flow margin to be in the high single digits, below Wall Street’s projected 13.6%. The company did beat fourth-quarter earnings and revenue estimates. Arista Networks \u2014 The computer networking stock fell 4% despite topping fourth-quarter estimates. Arista Networks said it expected first-quarter revenue to range between $1.52 billion and $1.56 billion, versus an estimate of $1.53 billion. Many on Wall Street, including Goldman Sachs, had expected the company to raise its full-year outlook. Marriott International \u2014 The hotel chain stock declined 5.7% after missing fourth-quarter revenue estimates. Marriott’s first quarter and full-year earnings guidance was also lower than what analysts had estimated. ZoomInfo Technologies \u2014 Shares rallied around 10% following strong earnings and a slightly better-than-expected first-quarter earnings per share outlook. ZoomInfo reported earnings of 26 cents per share, excluding items, on $316 million in revenue. Analysts polled by LSEG, formerly known as Refinitiv, had forecast earnings per share of 25 cents and revenue of $311 million. JetBlue Airways \u2014 The airline stock rallied more than 11% after activist investor Carl Icahn unveiled a roughly 10% stake in the company and called shares undervalued. Biogen \u2014 The biotechnology stock slumped more than 6% after missing Wall Street’s fourth-quarter estimates as revenue and profit declined from a year ago. The company’s performance was hurt by the discontinuation of its Alzheimer’s drug Aduhelm and a drop in sales within its multiple sclerosis therapies category. Tripadvisor \u2014 Shares jumped nearly 12% after Tripadvisor formed a special committee to evaluate proposals that may be pitched for a ” potential transaction .” Hasbro \u2014 Shares dropped 6% after the toymaker missed Wall Street expectations for the fourth quarter. Hasbro recorded 38 cents per share in earnings, excluding items, and $1.29 billion in revenue. Analysts polled by LSEG forecast earnings of 66 cents per share on revenue of $1.36 billion. The company behind Dungeons & Dragons and My Little Pony also expects weak gross margins and a drop in full-year revenue from its consumer products unit. Housing stocks \u2014 Housing stocks slid as a group Tuesday after the January consumer price index came in hotter than expected, driven by high shelter prices. Homebuilders such as Toll Brothers dropped more than 4%. Shares of D.R. Horton and Lennar slid more than 3% each. PulteGroup shares declined more than 2%. Cadence Design Systems \u2014 The software company slid 3.7% after issuing weak first-quarter guidance. Cadence Design Systems topped Wall Street’s fourth-quarter estimates but said it expects revenue to fall to a range between $990 million and $1.01 billion in the current period. That was short of the\u00a0consensus estimate of $1.09 billion, per FactSet. Bruker \u2014 The biotech company gained 8% after posting a revenue beat and in-line earnings per share in the fourth quarter. Guidance for organic growth for the full year also topped estimates. Crypto stocks \u2014 Companies whose performance is tied to the price of bitcoin were lower after the cryptocurrency retreated in the wake of a hotter-than-expected January CPI report. The crypto exchange Coinbase fell 4%, while bitcoin proxy Microstrategy lost 5%. Miners pared big gains from the previous session. CleanSpark and Iris Energy were lower by about 2% each. Marathon Digital and Riot Platforms , the two largest mining stocks, retreated 8% and 4%, respectively. \u2014 CNBC’s Tanaya Macheel, Samantha Subin, Yun Li, Sarah Min and Alex Harring contributed reporting.<\/span><\/span><\/span><\/span><\/p>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" Check out the companies making headlines in midday trading. WK Kellogg \u2014 The cereal company’s shares surged 11% after posting a beat on both top and bottom lines in the fourth quarter. The recently spun-off company also raised its 2024 forecast. Shopify \u2014 The e-commerce company saw shares slide more than 10% after it gave…<\/p>\n","protected":false},"author":1,"featured_media":66360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-66359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n