These are the stocks posting the largest moves midday.
— The computer networking company's stock dropped 9.6% on the back of weaker-than-expected results for the second quarter. Arista earned an adjusted $2.44 per share on revenue of $608.3 million. Wall Street expected a profit of $2.20 per share on sales of $606.9 million, according to Refinitiv. Arista cited growth in its cloud networking business as a strongpoint for the quarter.
BlackLine reported earnings per share of 10 cents on revenue of $69.7 million. Analysts expected a profit of 1 cent a share on sales of $68 million, according to FactSet. "Strong demand for our solution and a record number of large deals" led to the strong results, CEO Therese Tucker said.— GoPro dropped 14% after the company's results came in short of estimates. The camera company posted an adjusted profit of 3 cents a share, 1 cent below a Refinitiv estimate.
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