Check out the companies making headlines in midday trading. D.R. Horton – Shares surged more than 12% after the company's fiscal third-quarter results topped Wall Street expectations. The homebuilder posted earnings of $4.10 per share on revenue of $9.97 billion. Analysts polled by FactSet were expecting $3.75 per share on revenue of $9.61 billion.
Discovery – The stock moved nearly 5% higher following a Financial Times report that the company has weighed options to boost its share price. The company is considering options like spinning off its streaming and movie studio businesses, among others, according to those familiar with the matter. Blackstone – The stock moved up more than 1% despite the firm posting an earnings miss for the second quarter. Blackstone reported distributable earnings of 96 cents per share on segment revenue of $2.
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