Stocks making the biggest moves midday: Spotify, Coca-Cola, DraftKings, 3M and more

Check out the companies making headlines in midday trading. Spotify — Shares rallied more than 10% Tuesday after the company posted a surprise profit in the third quarter, its first quarterly profit in more than a year. The company cited cost-cutting measures, including lower market spend and layoffs, as well as increased subscription costs for the profit of $65 million euros. Coca-Cola — The soda maker climbed 3.1% after exceeding analyst expectations in the third quarter.

TrueBlue — The workforce solutions provider tumbled 22.2% after posting a weak third-quarter report and guidance for the current quarter on Monday. The company missed consensus estimates from analysts polled by FactSet on both lines in the quarter, while fourth-quarter revenue guidance was also lower than expected. Hexcel — The aerospace stock dropped 5% after Hexcel on Monday missed third-quarter estimates on the top and bottom lines.

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