Check out the companies making headlines in midday trading.
— Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the fourth quarter, below analyst expectations of $2.68 per share, according to FactSet. Big Lots also said it expects a "challenging" first quarter due in part to "the sales impact of supply chain disruption related to the coronavirus.
"— Shares of Apple dipped 1.7%, after being down more than 4% earlier in the day. Apple's stock briefly dipped into bear market territory, down more than 20% from its most recent 52-week high. Apple has been hit over fears the coronavirus would hurt demand in China, as well as disrupt its supply chain there. The company said last week that it will likely not meet its guidance for the first quarter because of the virus impact.
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