See the companies making headlines in midday trading. Hormel Foods — Shares rose 14.6% after the food processor beat first-quarter fiscal profit and revenue expectations. It posted earnings of 41 cents a share, excluding items, on revenue of $3 billion. Analysts polled by FactSet had called for earnings of 34 cents a share on revenue of $2.91 billion. The company said it expects continued growth in its food service business and improvement in its international division. Monster Beverage — Shares rose 5.8% after the energy drink maker reported strong January sales and gross margin, despite reporting adjusted adjusted earnings and a small fourth-quarter revenue loss, per FactSet. Morgan Stanley and RBC raised their price targets on the stock on Thursday. C3.ai — The artificial intelligence software stock jumped 24.5% after C3.ai posted a smaller-than-expected adjusted loss of 13 cents per share. The company’s revenue also beat Wall Street expectations. Shares of Chemours fell 31.5% after the chemical company put its chief executive officer, chief financial officer and chief accountant on leave and said it was conducting an internal review to look into possible “material weaknesses” in its financial reporting. The company also delayed its fourth-quarter earnings report. Okta — Shares rallied 22.9% after Bank of America Securities doubled down on the identity management company to buy from underperform. The bank believes Okta’s full-year guidance is overly conservative and could lead to upward revisions to estimates throughout the year. Bank of America also raised its price target to $135 from $64, indicating a nearly 55% upside from Wednesday’s close. Birkenstock — Shares of Birkenstock, a newly public shoemaker, closed Thursday down 2.4 percent, despite reporting a 22 percent year-over-year rise in revenue fueled by higher prices and rising demand in the U.S. . Best Buy — Shares rose 1.5% after the consumer electronics retailer reported quarterly results that beat analysts’ expectations. Best Buy reported adjusted fourth-quarter earnings of $2.72 per share, topping LSEG’s estimate of $2.52. Revenue of $14.65 billion also beat consensus estimates of $14.56 billion. Snowflake — Shares fell 18.1% after the cloud data company posted disappointing first-quarter revenue guidance and announced Snowflake CEO Frank Slootman is leaving. Morgan Stanley also downgraded the cloud stock to equal weight. Paramount Global — Shares fell 0.2% after the media company posted a surprise quarterly profit. Paramount’s streaming platform Paramount+ reached 67.5 million subscribers during the last quarter, a net increase of 4.1 million. However, the company missed revenue expectations for the fourth quarter. Net Storage — Shares jumped 25% after the data storage company posted stronger-than-expected fourth-quarter earnings and upbeat first-quarter guidance. The company’s earnings came in at 50 cents a share, after adjustments, for the period and its revenue was $790 million. AMC Entertainment Holdings — Shares fell 13.4% after the movie theater operator posted a bigger-than-expected loss. However, fourth-quarter revenue of $1.1 billion topped LSEG’s estimates of $1.05 billion. Figs — Shares fell 13.3% after the apparel company reported disappointing fourth-quarter sales and said its chief financial officer is leaving in April. Figs’ revenue was $145 million, while analysts polled by LSEG had forecast $150 million. Celsius Holdings — The energy drink maker jumped 20.4% to an all-time high after a stronger-than-expected earnings report. Celcius posted earnings of 17 cents a share on revenue of $347.4 million for the fourth quarter. Analysts polled by LSEG had forecast earnings of 15 cents a share and revenue of $331.5 million. Duolingo — Shares jumped 22.2% after the education technology company beat estimates for the fourth quarter and also gave strong first-quarter and full-year revenue guidance. Duolingo posted earnings of 26 cents per share on revenue of $151 million, beating analysts’ expectations of 17 cents per share on revenue of $148 million, according to LSEG. — CNBC’s Alex Harring, Yun Li and Michelle Fox Theobald contributed reporting.