Check out the companies making headlines midday Tuesday.
— Shares of the pet food company gained more than 3% after the online pet products seller reported better than expected revenue and also raised its full-year sales guidance. Chewy lost 20 cents per share for its third— Shares of PG&E jumped 5.7% after the natural gas company said it plans to take a $4.9 billion charge against current quarter earnings, in connection with the $13.5 billion settlement with wildfire victims.
That would bring the total fire-related charges for the utility to $25 billion, the company disclosed in a securities filing Monday.— Shares of Toll Brothers dropped nearly 4% despite stronger-than-expected quarterly results. The luxury home builder earned $1.52 per share in its fiscal fourth quarter, 11 cents above estimates per Refinitiv. Its revenue also beat expectations. Raymond James analyst Buck Horne flagged Toll's adjusted gross margin guidance of 21.
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