Check out the companies making the biggest moves midday: MongoDB — The document storage and retrieval provider surged 16% after first-quarter earnings of $1 per share, excluding one-time items, topped an LSEG estimate of 66 cents per share. Revenue of $549 million topped the consensus estimate of $528 million. Tesla — The electric vehicle maker dropped more than 3%, bringing its week-to-date loss to 7.3%. Earlier this week, CEO Elon Musk criticized President Donald Trump’s spending bill, calling it a ” disgusting abomination .” Five Below — The budget retailer climbed 7% on strong first-quarter earnings and upbeat guidance for current-quarter revenue. Five Below earned 86 cents per share, excluding items, on $971 million in revenue in the latest quarter. That’s higher than LSEG estimates of 82 cents in earnings per share and $967 million in revenue. Five Below sees second-quarter revenue of $975 million to $995 million, versus a Street consensus of $954.7 million, FactSet said. Arlo Technologies — The home security tech stock jumped 7.7%. Arlo said it has exceeded $300 million in annual recurring revenue faster than originally expected. PVH Corp . — The Calvin Klein parent tumbled 18% after cutting second-quarter earnings per share guidance, citing the impact of higher tariffs and overshadowing a stronger-than-anticipated first-quarter earnings report. Planet Labs — The satellite imagery provider soared 57% after first-quarter results topped expectations. The company also hiked the low end of its full-year revenue guidance. Planet Labs also achieved a positive quarter of free cash flow for the first time, coming in at $8 million. Ciena — Shares of the communications equipment company slid 11% after fiscal second-quarter earnings were weaker than expected. Ciena reported 42 cents in adjusted earnings per share, below the 52 cents projected by analysts, according to FactSet. The company’s gross margin declined year over year. Lands’ End — The clothing retailer rallied 10% after saying it has taken steps to mitigate the effect of higher tariffs on its business. Lands’ End lost 18 cents per share, excluding one-time items, in the first quarter. That matched the consensus forecast of analysts polled by FactSet. Revenue of $261.2 million missed Wall Street’s estimate of $273.7 million. Winnebago Industries — The recreational vehicle manufacturer fell 5.4% after its third-quarter guidance for earnings per share and revenue fell short of analysts’ expectations. Winnebago’s management said its selling season was hampered by worsening consumer sentiment and an increasingly cautious dealer network. Circle Internet Group — The stablecoin issuer priced its upsized, $1 billion initial public offering at $31 a share, above an expected range of $27 to $28 and an initial range last week of $24 to $26, giving Circle a total market value of some $7 billion. The stock is expected to trade sometime Thursday. Brown-Forman — The Jack Daniels whisky distiller slumped about 10% after fiscal fourth-quarter earnings of 31 cents per share missed Wall Street expectations of 34 cents per share. Brown-Forman revenue of $894 million also came in short of the $964.7 million estimated by analysts surveyed by FactSet. Verint Systems — The provider of customer service software climbed 6% on better-than-anticipated first-quarter earnings. Verint earned an adjusted 29 cents per share on $208 million in revenue. Analysts polled by LSEG expected 22 cents per share in earnings on revenue of $195 million. Dollar Tree — The discount retailer popped 8% after JPMorgan upgraded the stock to overweight from neutral. The move follows an 8.4% drop one day prior, as lackluster guidance overshadowed strong earnings. Scotts Miracle-Gro — Shares of the lawn and garden care products maker rallied 11% after the company reiterated its full-year earnings guidance. The company expects earnings per share of at least $3.50 for the year, above a FactSet consensus of $3.42 per share. — CNBC’s Michelle Fox, Jesse Pound and Alex Harring contributed reporting.
