News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 23 min. at publisher
  • 📊 Quality Score:
  • News: 89%
  • Publisher: 72%

Breaking News: Markets Nyheter

Economy,Breaking News: Economy,Stock Markets

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

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »