Check out the companies making the biggest moves in midday trading: Crocs — Shares of the clogs manufacturer surged 21% after Crocs reported upbeat guidance for the current quarter. The company sees adjusted earnings ranging from $2.67 to $2.77 per share, surpassing the FactSet consensus call for $2.52 per share. The earnings outlook for the full year also beat Wall Street’s estimates. Restaurant Brands — Shares fell 6% despite the Burger King parent’s beat on the top and bottom lines . Hurt by rising costs, including beef, Restaurant Brands’ profits fell despite higher revenue. The company was hurt by competitive pressure in the U.S. Lululemon — The athleisure brand’s stock fell more than 3% after Bloomberg reported that a second version of its leggings has been criticized for being too sheer. The news service cited an analyst research note as well as comments on Reddit in its report. The brand faced similar criticism a few weeks ago for another style , which it temporarily pulled from its website. The incident comes as Lululemon is under pressure to reinvigorate sales. Cisco Systems — The maker of networking hardware such as switches and routers dropped about 12% as its forecast disappointed. Rising costs for memory chips will weigh on the company’s profits in the near term. Cisco posted second-quarter results that exceeded estimates on the top and bottom li …
