Stocks making the biggest moves midday: Tesla, Netflix, American Airlines, AT&T and more

by | Oct 19, 2023 | Financial

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. …

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