Roku, Lennar, Rite Aid, Warner Music & more

Here are the stocks that make headlines in midday trading:

Roku – Roku’s shares rose 3.5% after the streaming company announced it would carry HBO Max on its platform. HBO Max launched in May, but Roku and HBO were stuck in negotiations to prevent the service from being added to the platform.

Lennar – The builder’s shares rose more than 6% after Lennar beat estimates for sales and earnings in the fourth quarter. The company earned $ 2.82 per share on sales of $ 6.83 billion. Analysts surveyed by FactSet expected Lennar to earn $ 2.36 per share and have revenue of $ 6.53 billion. For the year, stocks are up more than 40%.

Rite Aid – Pharmacy stock rose more than 20% after posting surprising adjusted earnings for the third quarter of fiscal. The company had adjusted sales of 40 cents per share of $ 6.12 billion. Analysts polled by Refinitiv expected a loss of 5 cents per share and sales of 5.84 billion US dollars. Rite Aid said it had increased its market share in pharmacy and front-end sales.

Warner Music Group – The entertainment company’s shares rose more than 7% after upgrading to overweight in Morgan Stanley. “Underperformance and emerging use cases offer opportunities,” the company said in a message to customers.

Chewy – Chewy’s shares rose another 5% after Needham named the online pet company top choice in 2021, posting “strong” growth with rising net sales per customer. The stock is up more than 17% this week alone. The CFO said earlier this week that the retailer plans to expand its product range.

Accenture – The consulting firm’s shares rose 9% after Accenture’s unexpectedly strong first quarter. The company had earnings per share of $ 2.32 on sales of $ 11.76 billion. Analysts polled by Refinitiv estimated $ 2.05 per share and revenue of $ 11.36 billion. The company has also raised its outlook for the fiscal year.

Herman Miller – Herman Miller’s shares fell more than 13% even after the office furniture company released quarterly numbers that exceeded analysts’ expectations. The company posted earnings of 89 cents per share, beating a FactSet estimate of 56 cents per share.

ContextLogic – ContextLogic, the parent company of discount ecommerce marketplace Wish, rose more than 14% after falling 16.4% in the previous session during the company’s market debut. The stock last traded at $ 22.9 per share, still below the IPO price of $ 24 per share, which was at the upper end of expectations.