Check out the companies making headlines in midday trading: CrowdStrike — The cybersecurity company popped 9% after posting a strong outlook and a first-quarter results beat. CrowdStrike reported adjusted earnings of 93 cents per share on $921 million in revenue, which came in over the earnings of 89 cents per share on $905 million in revenue that analysts surveyed by LSEG had forecast. Hewlett Packard Enterprise — The technology stock climbed 12%, touching a new 52-week high after earnings came in ahead of expectations. Hewlett Packard Enterprise posted adjusted earnings per share of 42 cents on $7.2 billion in revenue, while analysts surveyed by LSEG had penciled in earnings per share of 39 cents and $6.82 billion in revenue. Dollar Tree — Shares of the discount retailer fell more than 4% after second-quarter guidance came in below expectations. Dollar Tree said it expected between $1 and $1.10 in adjusted earnings per share, while analysts surveyed by FactSet had penciled in $1.19 per share. The company also said it was exploring a potential sale of its Family Dollar unit. GameStop — The meme stock popped 15% after a decline of 5.4% in the previous session. The stock is up more than 30% week to date. The speculative rally was initially triggered by GameStop champion “Roaring Kitty,” who posted a screenshot of his portfolio holding a massive amount of shares and call options in the video game retailer. AMC , another meme name, is up 8.5% Wednesday. Riot Platforms — Shares of the bitcoin miner dropped around 5% after Kerrisdale Capital disclosed a short position in the company. In a post on social media site X , Kerrisdale said Riot Platforms will “always remain too high-cost to mine bitcoin profitably.” Brown-Forman — The alcohol seller dropped 5.5% to a new 52-week low following underwhelming revenue for the fiscal fourth quarter. Brown-Forman saw $964 million in revenue over the three-month period, less than the $1.03 billion consensus forecast of analysts polled by FactSet. WalkMe — Shares of the software company soared 42% following the announcement that SAP has agreed to acquire WalkMe in an all-cash deal valued at $1.5 billion. The deal is expected to close in the third quarter of 2024. SAP’s stock also increased during Wednesday’s session, rising around 1.6%. Archer Aviation — Archer Aviation shares jumped 7% after
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