Take a look at the companies making headlines in midday trading. Peloton — Shares of Peloton soared 28% after the fitness equipment company reported better-than-expected fiscal first-quarter results and raised its full-year profit forecast. Peloton also announced that Ford executive Peter Stern will serve as its next chief executive starting in January. Carvana — Shares of Carvana rose 23% after the used car platform reported better-than-expected third-quarter profit and revenue. Carvana also said its full-year adjusted earnings before interest, taxes, depreciation and amortization would be “significantly above the high end of its previous target range.” Norwegian Cruise Line Holdings — Cruise Line shares rose 10% after its third-quarter report beat Wall Street expectations. Norwegian Air reported adjusted earnings of 99 cents per share on revenue of $2.81 billion. Analysts polled by FactSet expected revenue of 92 cents and $2.77 billion. The company also raised its full-year profit guidance. Etsy — Shares of Etsy rose 8% after the online e-commerce platform reported unexpected gains in third-quarter results. Etsy reported adjusted EBITDA of $183.6 million on revenue of $662.4 million. That was higher than analysts polled by FactSet expected adjusted EBITDA of $177.4 million, and revenue of $652.5 million. Altria Group — The tobacco stock surged 7% after reporting third-quarter adjusted earnings of $1.38 a share, compared with consensus estimates of $1.35 a share, according to FactSet data. Revenue of $5.34 billion also beat estimates of $5.33 billion. Microsoft — The technology giant forecast revenue for the quarter that was weaker than analysts expected, sending its shares down 5%. According to LSEG, Microsoft expects revenue between $68.1 billion and $69.1 billion, compared with analysts’ previous forecast of $69.83 billion. However, Microsoft reported fiscal first-quarter results that exceeded analysts’ expectations. eBay — Shares fell 9% after the online marketplace issued disappointing fourth-quarter guidance. eBay expects revenue for the current quarter to be between $2.53 billion and $2.59 billion. Analysts expected sales of $2.65 billion, according to StreetAccount. On the other hand, the company reported third-quarter profit and revenue that beat expectations. Coinbase — The cryptocurrency trading platform fell 10% after third-quarter profit and revenue missed expectations. Coinbase had revenue of $1.21 billion, while analysts polled by LSEG expected revenue of $1.26 billion. Uber — Shares of Uber plunged more than 10% after the ride-sharing company’s third-quarter gross bookings fell short of Wall Street expectations. Uber’s total bookings were $40.97 billion, while analysts expected $41.25 billion, according to StreetAccount. MGM Resorts — The casino operator reported third-quarter adjusted earnings of 54 cents a share, down from 64 cents a share a year ago, sending its shares down 10.6%. MGM also reported net income of $4.18 billion, missing the FactSet consensus forecast of $4.21 billion. Super Micro Computer – maker of artificial intelligence servers – fell 13%. The day before, the company’s shares fell 33%, marking its worst day since 2018, after Ernst & Young resigned as auditor. Teleflex — The medical equipment provider reported third-quarter revenue of $764.4 million, missing FactSet’s estimate of $768.7 million, sending its shares tumbling 15.6%. The company also lowered its full-year revenue guidance. Robinhood — Shares fell 14.6% after the brokerage reported third-quarter earnings of 17 cents per share, below the 18 cents per share expected by analysts polled by LSEG. Robinhood’s revenue of $637 million also missed expectations of $658 million. On the earnings call, Robinhood’s chief financial officer blamed marketing promotions for lower revenue. Estée Lauder – Shares of Estée Lauder plunged more than 20% after the luxury cosmetics giant withdrew its annual financial results forecast. The company said Chinese demand remained a concern and slashed its quarterly dividend. —CNBC’s Sean Conlon, Alex Harring, Jesse Pound and Samantha Subin contributed reporting.
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