{"id":7056,"date":"2024-10-31T17:45:21","date_gmt":"2024-10-31T17:45:21","guid":{"rendered":"https:\/\/finderica.com\/stocks-making-the-biggest-moves-midday-pton-smci-hood-el\/"},"modified":"2024-10-31T17:45:21","modified_gmt":"2024-10-31T17:45:21","slug":"stocks-making-the-biggest-moves-midday-pton-smci-hood-el","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=7056","title":{"rendered":"Stocks making the biggest moves midday: PTON, SMCI, HOOD, EL"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines in midday trading. Peloton \u2014 Shares soared 28% after the exercise equipment company posted better-than-expected results for its fiscal first quarter and raised its full-year profit outlook. Peloton also announced that Ford executive Peter Stern will serve as its next CEO starting January. Carvana \u2014 The used car platform rose 23% after posting a third-quarter earnings and revenue beat . Carvana also said that its full-year adjusted earnings before interest, taxes, depreciation and amortization would be &#8220;significantly above the high end&#8221; of its previous target range. Norwegian Cruise Line Holdings \u2014 The cruise stock popped 10% after a third-quarter report that exceeded Wall Street expectations. Norwegian reported 99 cents in adjusted earnings per share on $2.81 billion of revenue. Analysts surveyed by FactSet were looking for 92 cents and $2.77 billion of revenue. The company also raised its full-year earnings guidance. Etsy \u2014 Shares rallied 8% after the online e-commerce platform posted third-quarter results that surprised to the upside. Etsy reported adjusted EBITDA of $183.6 million on $662.4 million in revenue. That&#8217;s higher than the adjusted EBITDA of $177.4 million on $652.5 million in revenue that analysts polled by FactSet had expected. Altria Group \u2014 The tobacco stock surged 7% after reporting third-quarter adjusted earnings per share of $1.38, while consensus had called for $1.35 per share, according to FactSet. Revenue of $5.34 billion also surpassed the forecast $5.33 billion. Microsoft \u2014 The tech titan slipped 5% after forecasting weaker revenue for the current quarter than analysts had expected. Microsoft called for revenue ranging between $68.1 billion to $69.1 billion, while analysts had forecasted $69.83 billion, according to LSEG. However, Microsoft posted fiscal first-quarter results that topped analysts&#8217; estimates. eBay \u2014 Shares declined 9% after the online marketplace issued disappointing fourth-quarter guidance . For the current quarter, eBay sees revenue coming in between $2.53 billion to $2.59 billion. Analysts had called for $2.65 billion in sales, according to StreetAccount. On the other hand, the company posted a third-quarter earnings and revenue beat. Coinbase \u2014 The cryptocurrency exchange platform shed 10% after posting a third-quarter earnings and revenue miss . Coinbase&#8217;s revenue came in at $1.21 billion, while analysts polled by LSEG anticipated a top line figure of $1.26 billion. Uber \u2014 The stock plunged more than 10% after the ride-sharing company&#8217;s third-quarter gross bookings missed Wall Street&#8217;s expectations . Uber posted $40.97 billion in gross bookings, while analysts were looking for $41.25 billion, according to StreetAccount. MGM Resorts \u2014 The casino operator fell 10.6% after posting third-quarter adjusted earnings of 54 cents per share, down from 64 cents per share a year ago. MGM also reported net revenue of $4.18 billion, below FactSet&#8217;s consensus of $4.21 billion. Super Micro Computer \u2014 The AI server maker slumped 13%. That comes a day after shares shed 33% and posted their worst day since 2018 after revealing that Ernst &amp; Young had resigned as its auditor . Teleflex \u2014 Shares plummeted 15.6% after the medical device provider reported third-quarter revenue of $764.4 million, below FactSet&#8217;s estimated $768.7 million. The company also cut its full-year revenue guidance. Robinhood \u2014 The brokerage firm declined 14.6% after posting third-quarter per-share earnings of 17 cents, below the 18 cents per share analysts polled by LSEG had expected. Robinhood&#8217;s revenue of $637 million also came below the forecasted $658 million. In an earnings call, Robinhood&#8217;s chief financial officer blamed marketing promotions for weighing down revenue. Estee Lauder \u2014 Shares tumbled more than 20% after the luxury cosmetics titan pulled its forecast for annual financial performance . The company, which said China demand remains fraught, also slashed its quarterly dividend. \u2014 CNBC&#8217;s Sean Conlon, Alex Harring, Jesse Pound and Samantha Subin contributed reporting.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/10\/31\/stocks-making-the-biggest-moves-midday-pton-smci-hood-el.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. Peloton \u2014 Shares soared 28% after the exercise equipment company posted better-than-expected results for its fiscal first quarter and raised its full-year profit outlook. Peloton also announced that Ford executive Peter Stern will serve as its next CEO starting January. Carvana \u2014 The used car platform<\/p>\n","protected":false},"author":1,"featured_media":7057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[200,1842,457,634,72,1841,1766,108],"class_list":{"0":"post-7056","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-biggest","9":"tag-hood","10":"tag-making","11":"tag-midday","12":"tag-moves","13":"tag-pton","14":"tag-smci","15":"tag-stocks"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7056"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/7057"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}