Stocks making the biggest moves midday: Spotify, United Parcel Service, Pentair and more

Check out the companies making headlines in midday trading: Spotify Technology — Shares surged 12% after the music streaming company posted better-than-expected second-quarter earnings. Gross margin and operating income also surpassed expectations. Analysts said they remain cautiously optimistic despite softness in monthly active user counts, pointing to strong margin performance and the company's focus on premium subscribers and bundles.

The stock popped more than 9% after the company reported second-quarter earnings that topped Wall Street's estimates. posted earnings of $3.64 per share, excluding items, on revenue of $707.9 million. This is above the $3.55 in earnings per share on $696.4 million in revenue that analysts surveyed by FactSet were expecting. Pentair — The water treatment company moved more than 7% higher, putting the stock on pace for a record close. Pentair beat expectations for the second quarter, posting earnings of $1.22 per share, excluding items, compared to the FactSet consensus estimate of $1.14 per share.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stocks making the biggest moves premarket: Spotify, General Motors, Coca-Cola and moreThese are the stocks posting the largest moves in early trading.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Spotify, Tesla among stocks with earnings this week that could see big movesOptions market pricing suggests that traders expect these stocks to see big reactions to earnings.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Stocks making the biggest moves premarket: Domino's, Warner Bros. Discovery, United Airlines and moreThese are the stocks posting the largest moves in premarket trading.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Stocks making the biggest moves after hours: United Airlines, Discover Financial Services, Kinder Morgan and moreThese are the stocks posting the largest moves in extended trading.
Fuente: CNBC - 🏆 12. / 72 Leer más »