Check out the companies making headlines in midday trading. Union Pacific — Shares of the freight operator added 2.6% after the company reported earnings per share of $2.51 while analysts polled by LSEG, formerly known as Refinitiv, forecast $2.44. The company’s third-quarter revenue of $5.94 billion missed analyst estimates of $5.99 billion, however. Las Vegas Sands — The casino operator rose 3.8% after topping revenue estimates for the third quarter and pointing to a recovery in Macao and Singapore. Las Vegas Sands posted revenue of $2.8 billion, exceeding the $2.73 billion expected by analysts polled by LSEG. American Airlines — Shares advanced 2% midday even after the air carrier posted weaker-than-expected earnings and revenue for the third quarter . However, better-than-expected operating income and margins helped lift the stock as well as revenue in its Atlantic and Pacific regions. AT & T — The telecommunications giant added 7.5% after a third-quarter earnings beat. The company reported an adjusted 64 cents per share on $30.4 billion in revenue, while analysts polled by LSEG forecast 62 cents per share and $30.19 billion. Netflix — The streaming giant soared 15% after a third-quarter earnings beat that was driven by stronger-than-expected subscriber growth. Netflix added 8.76 million subscribers in the quarter, while analysts polled by StreetAccount forecast 5.49 million. Lam Research — The semiconductor stock slipped more than 5% after Lam’s forward guidance for the fiscal second quarter fell short of Wall Street expectations. This overshadowed earnings and revenue for the previous quarter that beat estimates. Tesla — The electric vehicle maker’s shares tumbled more than 8% Thursday a fter the company missed earnings and revenue expectations for the third quarter. Several Wall Street analysts lowered their price targets on the company following the disappointing results, citing more margins pressure likely ahead. Zions Bancorporation — Shares pulled back 4.6% after third-quarter earnings missed Wall Street estimates. The company reported $1.13 in earnings per share while analysts polled by LSEG forecast $1.15. Zscaler — Stock in the cloud security firm added 1% following an upgrade to buy from Jefferies on Thursday, citing upside to 2024 earnings estimates. Blackstone — Shares dropped more than 5% following a weaker-than-expected report from the investment firm. Blackstone reported 94 cents in earnings per share and revenue of $2.32 billion. Analysts surveyed by LSEG had anticipated $1.01 in earnings per share and $2.51 billion in revenue. — CNBC’s Alex Harring, Hakyung Kim, Samantha Subin and Tanaya Macheel contributed reporting.
Read the full article here
