Stocks making the biggest moves midday: Shake Shack, C.H. Robinson, Mobileye Global and more

Check out the companies making headlines in midday trading: Shake Shack — The stock gained more than 15% after the burger chain's revenue topped estimates. Shake Shack earned 27 cents per share, excluding items, on revenue of $316 million, above the LSEG estimate of $314 million. Shake Shack also narrowed its full-year revenue estimate to between $1.22 billion and $1.25 billion from a prior range of $1.24 billion to $1.25 billion, per FactSet. C.H.

Meta — The tech giant's shares jumped more than 6% after the company reported second-quarter earnings that beat Wall Street's expectations and offered a rosy revenue forecast. The Facebook parent said net income soared 73% year over year, reflecting hefty cost-cutting initiatives that started in late 2022. Meta executives also showed how the company's heavy spending on artificial intelligence is already starting to pay off.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Hershey, Meta Platforms, Arm Holdings, Shake Shack and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Live Coverage: CPI inflation set to shake Gold, stocks, US DollarThe US Consumer Price Index (CPI) is the No.1 market mover as the Federal Reserve remains focused on battling rising prices.
Source: FXStreetNews - 🏆 14. / 72 Read more »