Check out the companies making headlines in midday trading: Colgate-Palmolive — Shares slipped 4% after the household products company reported fourth-quarter revenue that missed analysts’ expectations and forecast weak 2025 sales given negative effects from foreign exchange rates. KLA Corporation — The stock climbed 2% after the semiconductor company posted a top- and bottom-line beat in the fiscal second quarter. KLA reported adjusted earnings of $8.20 per share on revenue of $3.08 billion. This came above the $7.75 per share and $2.94 billion in revenue that analysts expected, per LSEG. Vertex Pharmaceuticals — The biotech stock jumped 7% after the U.S. Food and Drug Administration approved Vertex Pharmaceuticals’ non-opioid painkiller pill. Vertex is the first drugmaker in decades to get U.S. approval for a new type of pain medicine. Vertex’s new pill is a new alternative for pain relief that comes without the risk of addiction. Deckers Outdoor — The Ugg and Hoka parent tumbled about 17%. Deckers raised its full-year revenue guidance to $4.9 billion, but it fell short of the $4.93 billion expected by analysts polled by LSEG. Fiscal third-quarter results surpassed Wall Street’s estimates on the top and bottom lines, however. AbbVie — Shares of the pharmaceutical company soared 6% after AbbVie beat expectations on the top and bottom lines in the fourth quarter. The company reported adjuste …
