See the companies making headlines in afternoon trading: JetBlue Airways — The New York-based airline rose 7.2% after raising its outlook for third-quarter revenue. JetBlue now expects revenue to fall in a range of 2.5% to 1%, compared with the same period a year ago. It previously expected a loss of between 5.5% and 1.5%. G-III Apparel Group — Shares rose 22% after the apparel maker reported second-quarter results that beat estimates. Adjusted earnings of 52 cents per share topped the 27 cents per share analysts had expected, according to FactSet. Revenue of $644.8 million fell slightly short of estimates of $649.5 million. Hewlett Packard Enterprise — Shares fell 6% after Hewlett Packard Enterprise saw gross margins decline from a year ago. Fiscal third-quarter results beat expectations, with Hewlett Packard Enterprise citing strong demand for its artificial intelligence products. Frontier Communications, Verizon Communications — Shares of Frontier Communications fell 9.5% after Verizon announced it would buy the fiber-optic internet provider in an all-cash deal valued at $20 billion, or $38.50 per share. Frontier had surged 38% on Wednesday on leaked reports of a potential deal. Verizon fell fractionally on Thursday. Shoe Carnival — Shares rose 8.2% after the retailer beat second-quarter profit estimates and raised the lower end of its financial guidance for the third quarter and full year. Shoe Carnival reported adjusted earnings of 83 cents per share on revenue of $332.7 million, while analysts polled by FactSet expected earnings of 81 cents per share on revenue of $331.5 million. Casey's General Stores — Shares rose 7.4% after the grocery chain reported fiscal first-quarter earnings of $4.83 per share, beating analysts' expectations of $4.50 per share, according to FactSet. Revenue of $4.10 billion fell short of estimates of $4.15 billion. ChargePoint — Shares fell 17.8% after the electric vehicle charging company reported lower-than-expected second-quarter revenue. ChargePoint posted $109 million in revenue for the period, compared with $114 million expected by analysts surveyed by LSEG. The company also plans to lay off 15% of its workforce and expects third-quarter revenue to come in below estimates. Verint Systems — Shares of the automation company fell 11.2% after a worse-than-expected second-quarter earnings report. Verint earned an adjusted 49 cents per share on $210 million in revenue, while analysts polled by LSEG had expected 53 cents per share and $213 million in revenue. C3.ai — Shares fell 8.2% after the enterprise artificial intelligence company posted weaker-than-expected subscription revenue. In its fiscal first quarter, C3.ai posted revenue of $73.5 million, below the $79.2 million that analysts polled by FactSet had forecast. Credo Technology Group — Shares fell 14.9% after the company reported fiscal first-quarter results. For the quarter, Credo had adjusted earnings of 4 cents per share, in line with what analysts polled by FactSet expected but below the high-end estimate of 5 cents per share. Roku — Shares of the streaming platform rose about 5% after being upgraded to equal weight from underweight by Wells Fargo. The bank pointed to the Roku Channel as a catalyst, saying it remains a stock winner in TV time with potential upside for monetization, analyst Steven Cahall wrote. Tesla — Shares of the electric vehicle company rose 4.9% after Tesla said it would roll out its advanced driver assistance technology in Europe and China in the first quarter of 2025, “pending regulatory approval.” The technology is marketed by Tesla as “Full Self Driving” and improves on Tesla’s Autopilot driver assistant. Old Dominion Freight Line — Shares fell 4.9% after Old Dominion Freight Line’s daily revenue fell 5.2% year-over-year in August, while sub-truckload tonnage fell 6.1%. Zimmer Biomet — Shares fell 8.7% after the medical device maker noted at a Wells Fargo conference a “temporary challenge” with the transition from an outdated software system that could have a 1% impact on fiscal year revenue, FactSet said. McKesson — Shares fell 9.9% after the medical supplies distributor issued a weaker-than-expected fiscal second-quarter profit forecast at a Wells Fargo conference, FactSet said. McKesson expects earnings of $6.70 to $7.00 per share, below FactSet's consensus estimate of $7.39 per share. Toro Company — Shares fell 10.1% after the maker of lawn mowers and garden equipment missed earnings and revenue expectations. In the fiscal third quarter, Toro posted adjusted earnings of $1.18 per share on revenue of $1.16 billion. Analysts polled by FactSet had estimated earnings of $1.23 per share on revenue of $1.26 billion. — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li and Pia Singh contributed reporting.
