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Stocks making the biggest moves midday: Walmart, Nike, Dell, Tapestry and more

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Ulta Beauty Inc,Alibaba Group Holding Ltd,Alibaba Group Holding Ltd

These are the stocks posting the largest moves in midday trading.

Check out the companies making headlines in midday trading. Walmart — Shares of the discount retailer jumped 7% on strong earnings. Walmart topped Wall Street's quarterly estimates and lifted its full-year outlook as consumers show ongoing resilience. For the year, the company expects sales to rise between 3.75% and 4.75%, and adjusted earnings to come in between $2.35 and $2.43 per share.

Cisco also announced that it is laying off 7% of its workforce and implementing a restructuring plan that will result in $1 billion in pretax charges. Tapestry — The luxury retail company rose 3% after posting a top- and bottom-line beat. Tapestry adjusted earnings per share of 92 cents, versus analysts' estimates of 99 cents per share, per LSEG. Revenue of $1.59 billion also came in higher than the consensus forecast of $1.57 billion.

 

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