Take a look at the companies making headlines in afternoon trading: Delta Air Lines – The airline's shares rose 9% after better-than-expected fourth-quarter results. Delta posted adjusted earnings of $1.85 per share on revenue of $14.44 billion. That beat LSEG's forecast of $1.75 per share and $14.18 billion in revenue. The company also provided strong guidance. Constellation Energy — Shares fell 24% after the company announced it would buy geothermal and natural gas company Calpine in a $26.6 billion deal. Constellation also raised full-year adjusted earnings per share where analysts expected. Capri Holdings — The luxury fashion group rose more than 9% after upgrades from Citi and Wells Fargo. The latter emphasized a recovery in margins. Citi noted that “the market appears to be valuing the company as if its portfolio of brands is on the way to extinction,” adding that this is not the case. Allstate, Chubb – Insurers exposed to California's homeowner market sold sharply Friday as the devastation caused by the Los Angeles wildfires spread. Shares of Allstate and Chubb fell 7.8% and 4.9%, respectively. AIG lost 1.5% and Travelers fell about 5%. According to JPMorgan, AllState, Chubb and Travelers are the most exposed carriers to insured losses from the wildfires. The Wall Street firm noted that Chubb could have particularly high exposure due to its strong focus on net worth in the region. Edison International – The Southern California-based energy supplier fell more than 5% as the deadly Los Angeles wildfires continued to burn. Although Edison has denied his involvement in starting the forest fire, insurance companies have still been asked to preserve evidence. The downward move comes after shares fell more than 10% on Wednesday. Jefferies Financial Group – Shares fell 12% after the investment bank reported weaker-than-expected fourth-quarter earnings. Jefferies reported earnings per share of 93 cents, according to FactSet, while analysts had expected earnings of 97 cents per share. Revenue of $1.96 billion exceeded the estimate of $1.83 billion. Walgreens Boots Alliance – Pharmacy shares rose 26% after better-than-expected fiscal first-quarter results. Walgreens reported adjusted earnings per share of 51 cents on revenue of $39.46 billion. Analysts polled by LSEG had forecast earnings of 37 cents per share and revenue of $37.36 billion. Meanwhile, the company maintained its adjusted earnings guidance for fiscal 2025 between $1.40 and $1.80 per share. Disney, Warner Bros. Discovery, Fox – Media stocks fell after scrapping plans for Venu, a joint sports streaming service. Warner Bros. fell 5.3%, while Disney and Fox lost 0.8% and 2.4% respectively. As for Semiconductor, shares fell 5.9% following a downgrade in Truist's no-buy rating. Truist said it is cautious on the stock until estimates are revised down and noted deteriorating demand trends. Sweetgreen – Shares of the salad chain rose 5% after an upgrade to neutral at Citi. The bank said Sweetgreen's robotic kitchen could bring “substantial financial benefits” to the company. Constellation Brands — The alcohol maker fell 24.3% after earnings beat expectations. Constellation earned $3.25 per share, excluding items, on revenue of $2.46 billion in the fiscal third quarter. Analysts polled by FactSet forecast earnings per share of $3.31 and revenue of $2.53 billion. Advanced Micro Devices — The chipmaker's shares fell more than 5% after a downgrade to neutral from buying at Goldman Sachs. The investment company called revenue growth a concern for AMD. The stock's decline came amid a broad decline for semiconductor companies on Friday. Hims & Hers — Telehealth shares fell 1% after Citi downgraded its rating to sell from neutral. Citi analyst Daniel Grosslight said investors are overvaluing the company's GLP-1 revenue stream, especially after the FDA's decision to remove tirzepatide from the shortage list. Semaglutide will likely follow, which would drop the company's GLP-1 revenue from $400 million in fiscal 2025 to $135 million, he wrote. – CNBC's Yun Li, Alex Harring, Michelle Fox, Lisa Kailai Han and Jesse Pound contributed reporting.