A Gap store in New York, August 2, 2020.

Scott Mlyn | CNBC

Check out the companies that are making the headlines in midday trading.

Gap, Nordstrom – Gap and Nordstrom stocks fell after the companies reported disappointing quarterly results late Tuesday, citing rising labor costs, inventory levels, purchasing costs and factory closings as challenges. Gap stocks fell 22%. Nordstrom fell 28%. Other retailers’ stocks also suffered on Wednesday. Tapestry fell 3.2% and Ralph Lauren and PVH were down more than 1%.

Autodesk – The software company’s shares fell more than 16% despite a blow to sales and earnings in the most recent quarter. Autodesk released fourth quarter earnings and revenue projections that were well below estimates.

HP Inc. – HP stock rose more than 10% after a better-than-expected earnings report. The company posted adjusted quarterly earnings of 94 cents per share, 6 cents above Refinitv’s consensus estimate. The computer manufacturer also gave a strong …


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