Check out the companies making the biggest moves midday: Paramount Skydance — The media giant popped more than 31%, putting it on track for its best day ever. It wasn’t clear what drove the surge. H & R Block — The tax preparation company posted fiscal fourth-quarter earnings of $2.27 per share, higher than the year-ago earnings of $1.89 per share. Revenue of $1.11 billion was 5% above the $1.06 billion it posted one year prior. However, those numbers underwhelmed investors, who sent the stock down 4%. Hillenbrand — Shares gained more than 13% after Bloomberg, citing people familiar with the matter, reported that the plastics maker is considering strategic options , which include a possible sale of the company. Capri Holdings — The stock jumped more than 8% after JPMorgan upgraded it to overweight from neutral , saying that it sees the company on a “path of multi-year sequential revenue.” Grocery stocks — The group fell after Amazon announced an expansion of its same-day delivery program for fresh foods. Kroger slipped more than 4%, while Albertsons fell more than 1%. Cava — The fast-casual restaurant chain plunged 15% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share in the quarter, exceeding Wall Street’s estimate of 13 cents. CoreWeave — The artificial intelligence infrastructure provider dropped 18% despite it posting better-than-expected revenue for the second quarter. During an earnings call with analysts, Chief Financial Officer Nitin Agrawal said revenue growth remains capacity-constrained as demand outstrips supply. Circle — Shares of the stablecoin issuer fell 4%. Circle said it would offer 10 million Class A shares to the public, including two million of which that would come from the company itself. Brinker International — The Chili’s parent gained 3.1% on a better-than-expected earnings beat for the fiscal fourth quarter. Brinker earned $2.49 per share, excluding items, on revenue of $1.43 billion. Analysts surveyed by LSEG expected a profit of $2.45 per share on revenue of $1.39 billion. Hanesbrands — Shares of the clothing maker rose 4.7% after surging around 28% in Tuesday’s session. Hanesbrands said it agreed to a $4.4 billion takeover deal by Canada-based Gildan Activewear. The Financial Times first reported on the deal Tuesday. V2X — The defense stock popped 8% on the back of Bank of America’s upgrade to buy from neutral. The bank said V2X should see growth levels that are both sustainable and can accelerate in the years ahead. SailPoint — The identity security stock rallied 8% following an upgrade by JPMorgan to overweight from neutral. The bank said investors should buy the dip on the stock. KinderCare Learning Companies — Shares plunged 20% after the day-care operator reported disappointing second-quarter results. KinderCare posted earnings of 22 cents per share on revenue of $700.1 million. That’s lower than the 26 cents in earnings per share and $705.7 million in revenue expected by analysts, according to FactSet. Following the results, Barclays downgraded the stock to equal weight from overweight. — CNBC’s Alex Harring, Sean Conlon and Sarah Min contributed reporting.
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