Stocks making the biggest moves midday: HP, Box, Brown-Forman, Insulet and more

cnbc.com:

Check out the companies making headlines in midday trading.

HP — HP dropped 7% in midday trading after reporting a fiscal third-quarter revenue miss. Late Tuesday, the PC maker reported quarterly revenue of $13.20 billion, lower than the $13.37 billion estimated by analysts polled by Refinitiv. Otherwise, its third-quarter adjusted earnings of 86 cents per share came in line with estimates.

Box — The cloud storage stock tumbled nearly 9%. On Tuesday, the company delivered weak guidance for the current quarter. Box anticipates third-quarter earnings of 37 cents to 38 cents per share, while analysts polled by FactSet called for 39 cents per share. Full-year revenue guidance was also softer than expected.

Ambarella — The semiconductor stock sank 17% on weak third-quarter guidance. Late Tuesday, Ambarella said it expects revenue of $50 million in the current quarter. That fell short of a Refinitiv estimate of $67.6 million in revenue. Despite the disappointing guidance, Ambarella topped second-quarter expectations on the top and bottom lines, posting a smaller-than-expected loss per share. 

PVH — Shares added 3.7% after the Calvin Klein parent reported an earnings beat late Tuesday. PVH's adjusted earnings per share for the second quarter was $1.98, versus the consensus estimate of $1.76, per Refinitiv. Revenue came in at $2.21 billion, versus the $2.19 billion expected. The company also raised its earnings outlook for the year and reaffirmed its full-year revenue guidance.

Brown-Forman — The Jack Daniel's parent slid 4.5% after missing Wall Street expectations for its first fiscal quarter of 2024. Brown-Forman posted 48 cents in earnings per share on $1.04 billion in revenue. Analysts polled by Refinitiv anticipated 53