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Stocks making the biggest moves midday: Lamb Weston, Tesla, Enphase Energy and more

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Tesla Inc,Lucid Group Inc,Rivian Automotive Inc

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

Check out the companies making headlines in midday trading: Lamb Weston — The potato and french fry company tanked 27% after issuing a disappointing report for the fiscal fourth quarter. Lamb Weston generated adjusted earnings of 78 cents per share on $1.61 billion of revenue. Wall Street analysts were looking for $1.26 per share in earnings on $1.70 billion of revenue, according to FactSet. Lamb Weston also said it expected the new fiscal year to be "challenging.

Visa — Shares declined 4% after the company posted a revenue miss in its fiscal third quarter. Visa reported $8.9 billion, which came in slightly below the $8.92 billion forecast by analysts polled by LSEG. Meanwhile, payments volume rose 7% in the quarter. AT & T — The telecommunications giant added 5% after reporting an addition of 419,000 wireless phone subscribers with monthly bills, far above the consensus forecast from analysts polled by FactSet.

 

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