Stocks making the biggest moves midday: United Airlines, Travelers, Abbott Laboratories and more

by | Apr 17, 2024 | Financial

Check out the companies making headlines in midday trading. United Airlines — Shares surged 14% after the airline posted a narrower-than-expected loss in the first quarter. Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers Companies — The insurance stock fell 8% after a disappointing first-quarter report. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Analysts surveyed by LSEG were expecting $4.90 in earnings per share on $10.51 billion of revenue. Higher-than-expected catastrophe losses appeared to be part of the reason for the earnings miss. Eli Lilly — Eli Lilly was flat even after announcing that its Zepbound weight loss drug showed promise in treating patients struggling with obstructive sleep apnea. ResMed , which makes medical devices that treat sleep and breathing disorders, slumped more than 6% on the news. ASML — The Dutch semiconductor equipment company’s U.S.-listed stock dropped nearly 8% after sales and new bookings fell short of expectations . Net sales declined about 22% year over year. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street’s expectations. The company also hiked its dividend to 25 cents from 10 cents. J.B. Hunt Transport Services — The transportation stock shed 7% on quarterly results that fell s …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. United Airlines — Shares surged 14% after the airline posted a narrower-than-expected loss in the first quarter. Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers Companies — The insurance stock fell 8% after a disappointing first-quarter report. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Analysts surveyed by LSEG were expecting $4.90 in earnings per share on $10.51 billion of revenue. Higher-than-expected catastrophe losses appeared to be part of the reason for the earnings miss. Eli Lilly — Eli Lilly was flat even after announcing that its Zepbound weight loss drug showed promise in treating patients struggling with obstructive sleep apnea. ResMed , which makes medical devices that treat sleep and breathing disorders, slumped more than 6% on the news. ASML — The Dutch semiconductor equipment company’s U.S.-listed stock dropped nearly 8% after sales and new bookings fell short of expectations . Net sales declined about 22% year over year. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street’s expectations. The company also hiked its dividend to 25 cents from 10 cents. J.B. Hunt Transport Services — The transportation stock shed 7% on quarterly results that fell s …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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