Check out the companies making headlines in midday trading: Cardinal Health — The health-care services provider gained 5.5%, hitting a new 52-week high, after Cardinal exceeded fiscal first-quarter earnings expectations and lifted its adjusted earnings outlook for fiscal 2025. The company posted earnings of $1.88 per share, excluding items, on revenue of $52.28 billion. Analysts polled by FactSet called for adjusted earnings per share of $1.62 on revenue of $50.90 billion.
Atlassian also lifted its full-year revenue growth forecast. Trump Media & Technology Group — The stock dropped 12%, extending its heavy losses from the previous trading session as investors sell the highly volatile shares ahead of the upcoming presidential election. The company, which is majority owned by former President Donald Trump, also dropped more than 22% on Wednesday. Charter Communications — Shares soared more than 13% after Charter reported adjusted third-quarter EBITDA of $5.
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