Midday movers: Abercrombie surges, Intuit slides on weak guidance

Earnings
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Summary · why it matters

Abercrombie & Fitch soared 37% after trouncing fiscal second-quarter estimates and raising its full-year outlook, with adjusted earnings of $2.42 per share and revenue up 5% to $1.27 billion, helped by tariff refunds and stronger growth at its Abercrombie unit. Intuit fell 4% after offering disappointing fiscal year 2027 guidance of $23.3 billion to $23.5 billion in revenue, below the $23.7 billion analyst estimate, though its fiscal fourth-quarter earnings and revenue beat expectations. Meta Platforms jumped 3% after reaching a settlement with state attorneys general in a case alleging it made its apps addictive to teenagers. Zoom Communications dropped 7% after its third-quarter forecast of $1.46 to $1.48 earnings per share missed the $1.50 estimate. Kohl's rose 2% after raising its full-year outlook, partly due to $150 million in tariff refunds, and announced share buybacks of up to $100 million in 2026. J.M. Smucker climbed 3% on fiscal first-quarter revenue of $2.22 billion, topping the $2.13 billion consensus. SolarEdge Technologies jumped nearly 8% after a UBS upgrade to buy, citing an FCC policy expected to boost market share and pricing power. Semtech rose over 8% on second-quarter earnings beat, with adjusted EPS of 71 cents versus 61 cents expected. Boston Scientific fell 5% after reporting a cybersecurity incident causing product disruptions. SAP declined 3% after a UBS downgrade to neutral, citing slow delivery of agentic AI.

Impact on stocks 13

Cloud & Digital Infrastructure▼ · 3 stocks
Intuit Inc
INTU
▼ NegativeCapitalrelevance

Disappointing fiscal 2027 revenue guidance below analyst estimates.

SAP SE
SAP
▼ NegativeCapitalrelevance

UBS downgrade to neutral on slow agentic AI delivery.

Artificial Intelligence▼ · 3 stocks
Consumer Discretionary▲ · 2 stocks
Kohl's Corporation
KSS
▲ PositiveCapitalrelevance

Raised full-year outlook partly due to tariff refunds and announced share buybacks.

Brain-Computer Interface▼ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks
Meta Platforms Inc.
META
▲ PositiveRegulationrelevance

Reached settlement with state attorneys general in teen addiction case.

Energy Transition & Power Demand▲ · 1 stocks
Semiconductors▲ · 1 stocks
Consumer Staples▲ · 1 stocks
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