Stocks with Big Moves at Midday

Palantir Technologies experienced a significant boost in its stock, rising 10.38% after the defense technology firm raised its full-year revenue forecast. The company now expects revenue to fall between $2.742 billion and $2.750 billion, an increase from its previous guidance of $2.68 billion to $2.69 billion. This positive outlook reflects growing confidence in Palantir's business performance. In other corporate earnings news, Caterpillar reported adjusted earnings of $5.99 per share for the second quarter, surpassing analysts' expectations of $5.55 per share. Similarly, Molson Coors Beverage saw its shares rise by 5.42% after announcing second-quarter adjusted earnings of $1.92 per share, exceeding the anticipated $1.68 per share. The company also reported revenue of $3.25 billion, beating the consensus estimate of $3.18 billion. Uber Technologies also enjoyed a share increase of 10.93% following a strong earnings report, with second-quarter earnings of 47 cents per share, significantly above the expected 31 cents. Planet Fitness shares jumped 6.1% after reporting adjusted earnings of 71 cents per share on revenue of $300.9 million, both figures exceeding analyst expectations. Conversely, ZoomInfo Technologies faced a sharp decline of 18.27% after reporting disappointing quarterly results, with adjusted earnings of 17 cents per share and revenue of $291.5 million. The company also lowered its full-year earnings guidance and announced a change in its chief financial officer. Meanwhile, Lucid reported revenue of $200.6 million, surpassing estimates, and BioMarin raised its full-year earnings and revenue guidance.