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Check out the companies making headlines in midday trading Tuesday.
Home Depot — Shares of the home improvement retailer fell 8.6% with the broader market sell-off, despite the company reporting a quarterly beat on profit, revenue and comparable store sales for the most recent quarter. Home Depot reported earnings of $3.21 per share and announced a 15% dividend increase.
Medtronic — The medical device maker gained 3.8% after the company reported a mixed quarter, including a revenue miss and an adjusted profit beat. Medtronic said procedure volumes are improving and that strong demand for its heart devices helped drive the quarter.
Kraft Heinz — Shares of the food and beverage company added 3.4% after the company increased its long-term growth targets and reiterates its adjusted EBITDA guidance for 2022 of between $5.8 billion and $6 billion.
Tempur Sealy — The mattress manufacturer's shares tumbled more than 17% after the company reported adjusted quarterly earnings that missed analysts' estimates by 8 cents per share, as well as revenue for the quarter that fell short of forecasts. The company said results were impacted by costs that outpaced sales.
Houghton Mifflin Harcourt — The publishing company saw its shares jump more than 15% following news that private equity firm Veritas Capital would buy it for $21 per share in cash or about $2.8 billion.
SoFi — The digital financial services firm's shares fell 8.3% after the company announced it will buy Technisys, a maker of banking software, for about $1.1 billion in stock. SoFi said the deal will help it generate up to $800 million in additional revenue through 2025.
Krispy Kreme — The donut company saw its shares rise more than 8% after it reported its
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