Check out the companies making headlines in midday trading. Tapestry , Capri – Shares of Tapestry rallied more than 14%, while Capri's stock tumbled 47%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission's case to block Tapestry's acquisition of Capri . L3Harris Technologies — Shares rose 3.5% after the defense company reported a top- and bottom-line beat in the third quarter.
The company also narrowed its guidance for core funds from operations in the full year, calling for $6.65 to $6.75 per share. Analysts polled by FactSet had expected $6.69 per share. Coursera — Shares of the online course provider declined around 8%. The company called for fourth-quarter revenues of $174 million to $178 million, versus the $174 million anticipated by the Street, per LSEG. Management cited weak demand and retention trends.
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