Check out the companies making headlines in midday trading. JetBlue – The airline soared almost 20% after reporting second-quarter earnings that beat analyst expectations . The New York City-based carrier posted adjusted earnings of 8 cents per share, excluding one-time items, compared to analysts' estimated loss of 11 cents per share, according to LSEG. Revenue came in at $2.43 billion, also above the analyst estimate of $2.4 billion.
Elsewhere, Bank of America downgraded Lattice to underperform from neutral, citing softer prospects for growth and minimal visibility. CrowdStrike – Shares sank 10% after CNBC reported that Delta Air Lines hired legal counsel to seek compensation for the CrowdStrike and Microsoft network outage that led to thousands of flight cancellations earlier this month. Microsoft shares were last down 1%.
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