Stocks making the biggest moves midday: Tesla, Dollar Tree, Carnival, Best Buy and more

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These are the stocks posting the largest moves in midday trading.

— Shares of the discount retailer jumped more than 10% on the back of quarterly results that beat analyst expectations. Dollar Tree reported third-quarter earnings of $1.39 per share on revenue of $6.18 billion. Analysts polled by FactSet expected a profit of $1.15 per share on revenue of $6.13 billion. Same-store sales for the company increased by 5.1% on a year-over-year basis, topping a forecast of 4.7%.

The company said the move was part of its plan of "repositioning from larger format, tourist-dependent flagship locations to smaller, omni-enabled stores that cater to local customers."— The semiconductor stock jumped 12% after Ambarella beat Wall Street expectations in its third quarter report. The company reported 9 cents in adjusted earnings per share and $56.1 million in revenue. Analysts surveyed by FactSet were looking for 5 cents per share and $54.1 million in revenue.

 

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