Stocks making the biggest moves midday: Expedia, Paramount Global, DraftKings, Block and more

by | Nov 3, 2023 | Financial

Check out the companies making headlines in midday trading. Expedia — Shares surged 17% during midday trading Friday, a day after the vacation booking platform delivered a stronger-than-expected earnings report for the third quarter. Expedia posted adjusted earnings of $5.41 per share on $3.93 billion in revenue. Analysts polled by LSEG forecast earnings of $4.93 per share and $3.86 billion in revenue. Apple — Shares dipped just shy of 1%. On Thursday, the tech giant posted its fourth-consecutive fall in quarterly sales and provided a muted outlook for revenue in the December quarter, which is historically its strongest quarter. That overshadowed the fact that the company beat analysts’ expectations on both lines in the fiscal fourth quarter. Paramount Global — The media conglomerate stock climbed 12% after reporting a third-quarter earning s beat on the top and bottom lines. On Thursday, the company reported an adjusted 30 cents per share on $7.13 billion in revenue, while analysts polled by LSEG forecast 10 cents and $7.10 billion. Bill Holdings — The software stock plummeted nearly 27% a day after the company issued lower-than-expected revenue and earnings guidance for the full fiscal year. KeyBanc downgraded the stock to sector weight from overweight late Thursday, citing a lack of near-term catalysts and headwinds from macro factors. DraftKings — The sports betting st …

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