Check out the companies making the biggest moves midday: Paramount Skydance — The media stock lost more than 5%, marking its fourth straight day of losses, as the parent company of CBS continued to give back some of its sharp August gains. J.M. Smucker — The maker of Cafe Bustelo coffee and Jif peanut butter slid 5% after fiscal first-quarter net income and revenue trailed Wall Street estimates, and it warned second-quarter adjusted earnings per share will fall about 25% largely due to smaller coffee profits, according to FactSet. Donaldson — The maker of air and liquid filters jumped more than 7% after fiscal fourth-quarter earnings and revenue topped analysts’ estimates and it lifted profit and sales guidance for the coming fiscal year above what Wall Street had previously estimated. Elanco Animal Health — The maker of treatments for pets and farm animals climbed nearly 4% after S & P Dow Jones Indices added the stock to the S & P Midcap 400 index effective Sept. 2. Aspen Insurance — The Bermuda-based property and casualty insurer agreed to be acquired by Japan’s Sompo Holdings for $37.50 per share in cash, sending Aspen shares 14% higher. American Eagle — The retailer popped more than 4% after announcing a limited-run collaboration with NFL star Travis Kelce’s brand, Tru Kolors. Krispy Kreme — The doughnut chain shed more than 6% after a JPMorgan downgrade to underweight from neutral, which pointed to the company’s canceled partnership with McDonald’s. “This disruption led to the company being in survivor mode, including the sale of various store assets around the world and an attempted shift to 3P delivery to reduce costs and operational complexity,” JPMorgan wrote. MongoDB — The database platform developer soared 34% after its latest results beat Wall Street analysts’ estimates. MongoDB reported adjusted earnings of $1 per share on revenue of $591 million, above the consensus as compiled by LSEG of 66 cents per share on revenue of $556 million. Kohl’s — The department store chain jumped 18% after adjusted second-quarter earnings of 56 cents per share topped the LSEG consensus estimate of 29 cents per share. Revenue also exceeded expectations. Canada Goose — U.S.-listed shares of the luxury parka maker climbed 14% after CNBC reported its controlling shareholder, Bain Capital, received bids to take the company private . The offers value Canada Goose at about $1.35 billion, people familiar with the matter said. Okta — The maker of identity software rose 3% after quarterly results and full-year guidance topped Street expectations. Okta earned an adjusted 91 cents per share in its latest quarter, while analysts polled by LSEG called for 84 cents. Revenue of $728 million topped the expected $712 million. Okta co-founder and CEO Todd McKinnon told CNBC on Tuesday that the results were “much better than we thought.” Nvidia — The dominant maker of chips used to power artificial intelligence was marginally higher ahead of its earnings results set for release Wednesday after the close. Cracker Barrel Old Country Store — The family restaurant chain gained 8% after saying it would scrap its controversial rebranding plan following backlash from customers and President Donald Trump. EchoStar — The telecom provider advanced 14%, extending Tuesday’s more than 70% rally after AT & T agreed to buy wireless spectrum licenses for about $23 billion in an all-cash deal. nCino — Shares jumped 15% after the latest results from the cloud solutions provider topped Wall Street expectations. Adjusted earnings of 22 cents per share were better than the 14 cents per share estimated by analysts polled by LSEG, while revenue of $149 million was $6 million above analysts’ consensus. Box — The content management provider climbed 3% after adjusted earnings of 33 cents per share in its latest quarter beat an LSEG consensus estimate of 31 cents per share, while revenue of $294 million topped a $291 million forecast. Box also raised its full-year revenue guidance. — CNBC’s Michelle Fox, Alex Harring and Scott Schnipper contributed reporting.
