Check out the companies making headlines in midday trading. Shopify — Shares surged 26% after the e-commerce platform operator posted third-quarter operating income of $283 million, higher than the $122 million in the same quarter a year ago. Shopify's $2.16 billion revenue beat a FactSet estimate of $2.12 billion. The stock was on track for its best day ever. Live Nation Entertainment — The live music and entertainment company gained 4% after posting a third-quarter earnings beat.
Analysts called for 72 cents per share on $13.39 billion of revenue, according to a FactSet estimate. Tyson also bumped up its quarterly dividend by 2%. On Holding — U.S.-traded shares of the Swiss athleisure company slipped 1.5% on mixed third-quarter results. On reported adjusted earnings of 0.15 Swiss francs on revenue of 635.8 million francs. Analysts polled by StreetAccount had estimated earnings of 0.19 francs on 617.6 million francs in revenue.
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »