Stocks making the biggest moves midday: Ulta Beauty, Big Lots, Autodesk, Workday and more

cnbc.com:

In this article

Check out the companies making headlines in midday trading Friday.

Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected outlook for the full year.

American Eagle — The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly revenue. American Eagle reported $1.055 billion in revenue versus the Refinitiv consensus estimate of $1.142 billion.

Autodesk — Shares surged nearly 9% after the software company reported earnings and revenue that beat analyst expectations. Autodesk reported total net revenue of $1.170 billion that was better than Refinitiv consensus estimate of $1.145 billion. The company's earnings came in at $1.43 per share, beating expectations by 9 cents a share.

Big Lots — Shares dropped 10% after the discounter reported an earnings miss. Big Lots cited inflationary pressures while issuing weaker full-year guidance. The company's comparable-store sales also fell more than expected.

Pinduoduo — Shares soared 10% after the Chinese e-commerce company reported quarterly results that surpassed expectations. Pinduoduo also reported a 7% in active buyers from the year-earlier period.

Dell — Shares of the IT company surged 12.5% following better-than-expected profit and revenue for the previous quarter. The computer hardware maker said it benefited from a jump in demand for desktop and laptop computers by business customers.

Red Robin — Shares of Red Robin Gourmet Burgers soared 19.6% after the restaurant chain beat on revenue estimates and shared a smaller-than-expected loss in the recent quarter. Comparable-store sales rose 19.7% year over year, beating a StreetAccount forecast