Check out the companies making headlines in midday trading. Brinker International – The stock plummeted around 12% after the Chili's parent issued a weaker-than-expected profit forecast for the full year and reported disappointing fiscal fourth-quarter earnings . The company posted adjusted earnings of $1.61 per share, below the StreetAccount consensus estimate of $1.72 per share. Brinker also expects earnings per share between $4.35 and $4.
5% lower after Bloomberg News reported , citing people familiar with knowledge of the discussions, that the Department of Justice is considering breaking up the megacap tech company. If the DOJ moves forward with the plan, the company's Android operating system and Chrome browser could be targeted for divestment. Arm Holdings – The British chip designer's U.S.-listed shares popped 4.3% after Intel sold its 1.18-million stake.
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