Check out the companies making headlines in midday trading. Affirm — Affirm shares jumped 17% a day after the fintech company reported fiscal first-quarter revenue that topped expectations. Affirm posted $496.5 million in revenue, more than the $444.5 million consensus estimate, according to FactSet. Virgin Galactic Holdings — Shares rallied more than 20% a day after the company announced its cost-savings initiative , which includes pausing spaceflight operations next year.
6% after Barclays upgraded shares to overweight from equal weight. The upgrade came on the back of the company's third-quarter results earlier in the week. Arm Holdings — Arm shares dropped 6% in midday trading. On Wednesday, the semiconductor technology company said that fiscal third-quarter adjusted earnings would range between 21 cents and 28 cents per share, while analysts polled by FactSet called for 27 cents per share.
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