{"id":31920,"date":"2023-11-03T17:30:57","date_gmt":"2023-11-03T17:30:57","guid":{"rendered":"https:\/\/microloannexus.com\/news\/stocks-making-the-biggest-moves-midday-expedia-paramount-global-draftkings-block-and-more\/"},"modified":"2023-11-03T17:30:59","modified_gmt":"2023-11-03T17:30:59","slug":"stocks-making-the-biggest-moves-midday-expedia-paramount-global-draftkings-block-and-more","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=31920","title":{"rendered":"Stocks making the biggest moves midday: Expedia, Paramount Global, DraftKings, Block and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\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. Expedia \u2014 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 forecasted earnings of $4.93 per share and $3.86 billion in revenue. Apple \u2014 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&#8217; expectations on both lines in the fiscal fourth quarter. Paramount Global \u2014 The media conglomerate stock climbed 12% after reporting a third-quarter earning s beat on the top and bottom line. 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 \u2014 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 \u2014 The sports betting stock climbed more than 14% after third-quarter revenue surpassed Wall Street expectations. On Thursday, DraftKings reported a 57% revenue increase in the third quarter to $790 million and a 40% increase year-over-year in monthly unique payers. Trupanion \u2014 The pet insurance stock added 18% after surpassing Wall Street estimates in the third quarter. The company reported revenue of $285.9 million against estimates from analysts polled by FactSet of $275 million. Block \u2014 Shares added 12% after beating on the top and bottom line in the third quarter a day earlier, largely aided by revenue growth in both CashApp and Square segments. Icahn Enterprises \u2014 Shares of the Carl Icahn-helmed conglomerate soared more than 13%. The company reported adjusted earnings before interest, taxes, depreciation and amortization for the third quarter of $272 million, compared to $70 million from a year earlier. Revenue for the period came in at $3.0 billion, compared to $3.4 billion in the year-ago quarter. Bank of America , Citi , JPMorgan Chase \u2014 All three bank stocks were higher on Friday after a weaker-than-expected jobs reported added to optimism that interest rates may have already peaked. Shares of Bank of America ticked up 3.1% while Citi and JPMorgan added 3% and 1%, respectively. Insulet \u2014 Shares of the medical device company jumped 15%. On Thursday, Insulet posted revenue of $432.7 million, beating consensus estimates of $414.3 million, per FactSet. The company also issued guidance for fourth-quarter revenue growth of 22% to 25% year over year, compared to analysts&#8217; estimates for 23.4%. Gartner \u2014 The consulting company&#8217;s shares rallied 16% after Gartner beat analysts&#8217; estimates in the third quarter. Gartner posted adjusted earnings of $2.56 per share on revenue of $1.41 billion, while analysts polled by FactSet called for $1.96 in earnings per share and revenue of $1.39 billion. Lionsgate Entertainment \u2014 Shares of the film studio company popped 7% after CNBC reported that Starz will lay off more than 10% of its employees. Both Lionsgate and Starz have been part of the same company since December 2016. Lionsgate will be spun off as a separately traded company in the first quarter. \u2014 CNBC&#8217;s Jesse Pound, Hakyung Kim, Alex Harring and Darla Mercado contributed reporting<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/11\/03\/stocks-making-the-biggest-moves-midday-expe-para-dkng-sq.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. Expedia \u2014 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 forecasted earnings of $4.93<\/p>\n","protected":false},"author":1,"featured_media":31921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-31920","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks making the biggest moves midday: Expedia, Paramount Global, DraftKings, Block and more | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines in midday trading. 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