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Stocks making the biggest moves midday: Peloton, AMD, Altria, Snap and more

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Stocks making the biggest moves midday: Peloton, AMD, Snap and more

The company's fiscal second-quarter revenue topped analysts' forecasts, according to Refinitiv. The fitness company saw a jump in subscription revenue. Peloton's net loss was also the narrowest since the fiscal fourth quarter of 2021. CEO Barry McCarthy said the results are a potential "turning point" for the company.— Shares of the restaurant stock slid 5.

5% despite Brinker beating estimates on the top and bottom lines for the fiscal second quarter. The Chili's parent company reported 76 cents in adjusted earnings per share on $1.02 billion in revenue. Analysts surveyed by Refinitiv had penciled in 52 cents per share on $992 million of revenue. However, Brinker management said on its investor call that its restaurants may have lost some market share of customer traffic during the quarter.

 

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