Check out the companies making headlines in midday trading. Peloton — Shares soared 28% after the exercise equipment company posted better-than-expected results for its fiscal first quarter and raised its full-year profit outlook. Peloton also announced that Ford executive Peter Stern will serve as its next CEO starting January. Carvana — The used car platform rose 23% after posting a third-quarter earnings and revenue beat . Carvana also said that its full-year adjusted earnings before interest, taxes, depreciation and amortization would be “significantly above the high end” of its previous target range. Norwegian Cruise Line Holdings — The cruise stock popped 10% after a third-quarter report that exceeded Wall Street expectations. Norwegian reported 99 cents in adjusted earnings per share on $2.81 billion of revenue. Analysts surveyed by FactSet were looking for 92 cents and $2.77 billion of revenue. The company also raised its full-year earnings guidance. Etsy — Shares rallied 8% after the online e-commerce platform posted third-quarter results that surprised to the upside. Etsy reported adjusted EBITDA of $183.6 million on $662.4 million in revenue. That’s higher than the adjusted EBITDA of $177.4 million on $652.5 million in revenue that analysts polled by FactSet had expected. Altria Group — The tobacco stock surged 7% after reporting third-quarter adjusted earnings per share of $1.38, while consensus had called for $1.35 per share, according to FactSet. Revenue of $5.34 billion also surpassed the forecast $5.33 billion. Microsoft — The tech titan slipped 5% after forecasting weaker revenue for the current quarter than analysts had expected. Microsoft called for revenue ranging between $68.1 billion to $69.1 billion, while analysts had forecasted $69.83 billion, according to LSEG. However, Microsoft posted fiscal first-quarter results that topped analysts’ estimates. eBay — Shares declined 9% after the online marketplace issued disappointing fourth-quarter guidance . For the current quarter, eBay sees revenue coming in between $2.53 billion to $2.59 billion. Analysts had called for $2.65 billion in sales, according to StreetAccount. On the other hand, the company posted a third-quarter earnings and revenue beat. Coinbase — The cryptocurrency exchange platform shed 10% after posting a third-quarter earnings and revenue miss . Coinbase’s revenue came in at $1.21 billion, while analysts polled by LSEG anticipated a top line figure of $1.26 billion. Uber — The stock plunged more than 10% after the ride-sharing company’s third-quarter gross bookings missed Wall Street’s expectations . Uber posted $40.97 billion in gross bookings, while analysts were looking for $41.25 billion, according to StreetAccount. MGM Resorts — The casino operator fell 10.6% after posting third-quarter adjusted earnings of 54 cents per share, down from 64 cents per share a year ago. MGM also reported net revenue of $4.18 billion, below FactSet’s consensus of $4.21 billion. Super Micro Computer — The AI server maker slumped 13%. That comes a day after shares shed 33% and posted their worst day since 2018 after revealing that Ernst & Young had resigned as its auditor . Teleflex — Shares plummeted 15.6% after the medical device provider reported third-quarter revenue of $764.4 million, below FactSet’s estimated $768.7 million. The company also cut its full-year revenue guidance. Robinhood — The brokerage firm declined 14.6% after posting third-quarter per-share earnings of 17 cents, below the 18 cents per share analysts polled by LSEG had expected. Robinhood’s revenue of $637 million also came below the forecasted $658 million. In an earnings call, Robinhood’s chief financial officer blamed marketing promotions for weighing down revenue. Estee Lauder — Shares tumbled more than 20% after the luxury cosmetics titan pulled its forecast for annual financial performance . The company, which said China demand remains fraught, also slashed its quarterly dividend. — CNBC’s Sean Conlon, Alex Harring, Jesse Pound and Samantha Subin contributed reporting.
Stocks making the biggest moves midday: PTON, SMCI, HOOD, EL
