Check out the companies making headlines in midday trading.
— Shares of the semiconductor company plunged nearly 9% after it gave a weak earnings outlook for the current quarter. Fiscal first quarter revenue outlook came in roughly in line with estimates.
Cree, however, did report a loss of 18 cents per share, while analysts expected a loss of 19 cents per share. Revenue also topped estimates.— Shares of the retailer fell more than 5% after reporting a wider earnings loss than Wall Street expected. TJX reported a loss of 18 cents per share, compared to a loss of 10 cents that was estimated by analysts, according to Refinitv. Revenue, however, beat estimates.
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