Check out the companies making headlines in midday trading. Expedia – Shares surged nearly 19% Friday, a day after the vacation booking platform delivered stronger-than-expected third-quarter earnings. 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 were down just 1%. On Thursday, the tech giant posted its fourth straight drop in quarterly sales and provided a muted outlook for earnings 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’s stock climbed 15.4% after reporting third-quarter earnings beats 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 had forecast 10 cents and $7.10 billion. Bill Holdings – The software stock fell 25% on the day after the company posted lower-than-expected revenue and earnings 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 stock climbed more than 16.4% after third-quarter earnings beat Wall Street expectations. On Thursday, DraftKings reported a 57% increase in revenue in the third quarter to $790 million and a 40% year-over-year increase in monthly unique payers. Trupanion – The pet insurer added 14.3% after beating Wall Street estimates in the third quarter. The company reported revenue of $285.9 million versus analysts’ estimates polled by FactSet of $275 million. Block – Shares added about 11% after beating on the top and bottom lines in the third quarter earlier, largely helped by revenue growth in both CashApp and Square segments. Icahn Enterprises – 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 a year earlier. Revenues 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 – All three bank stocks were higher on Friday after a weaker-than-expected jobs report added to optimism that interest rates may have already peaked. Shares of Bank of America increased 2.9% while Citi and JPMorgan added 3.5% and 1.1% respectively. Insulet – Shares of the medical device company jumped nearly 16%. 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’ estimates for 23.4%. Gartner – Shares of the consulting company rose 14.5% after Gartner beat analysts’ 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 – Shares of the movie studio company surged 7.6% 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. — CNBC’s Jesse Pound, Hakyung Kim, Alex Harring and Darla Mercado contributed reporting.
(tagsTo Translate)Business