Check out the companies that made headlines in midday trading. LILium — U.S.-listed shares fell more than 57% after the German air taxi startup said in a regulatory filing that two of its main subsidiaries will file for bankruptcy, rendering them unable to repay their debts. In the next few days. Shares of Lilium, a penny stock, were trading around 25 cents Thursday afternoon. Tesla — Shares soared more than 20% after the electric car maker posted better third-quarter profits. CEO Elon Musk predicted the company’s auto growth rate would be 20% to 30% in 2025. NEWMONT — Shares fell more than 14% after the company reported lower-than-expected third-quarter profits. Newmont reported adjusted earnings of 81 cents per share on revenue of $4.61 billion in the period, compared to analysts’ expectations compiled by FactSet of 86 cents per share and revenue of $4.67 billion. It was a million dollars. QuantumScape — The battery maker soared 23% after the company’s third-quarter results met expectations, according to FactSet. For the quarter, the company reported a loss of 23 cents per share. The company also said it has started producing small quantities of the first B sample cells. Molina Healthcare — Shares rose 21% after the managed care company’s latest quarterly results beat expectations. Molina Healthcare posted adjusted earnings of $6.01 per share, beating the LSEG consensus estimate of $5.81 per share. Sales were $10.34 billion, exceeding expectations of $9.91 billion. Whirlpool — Shares rose about 14% after Whirlpool beat expectations for the third quarter. The company’s adjusted earnings were $3.43 per share, beating analyst estimates compiled by LSEG of $3.19 per share. West Pharmaceutical Services — Shares rose 17% after West Pharmaceutical Services reported strong third-quarter results. The injectable packaging parts maker had adjusted earnings of $1.85 a share in its most recent quarter, beating analysts’ expectations for earnings of $1.50 a share, according to FactSet. Revenue was $746.9 million, beating consensus estimates of $709.6 million. CBRE Group — Shares rose 9% to a 52-week high after the commercial real estate company reported third-quarter adjusted earnings per share and better-than-expected revenue. CBRE also raised its full-year adjusted earnings guidance from $4.70 to $4.90 per share to $4.95 to $5.05 per share. Analysts polled by FactSet expected full-year adjusted earnings per share of $4.82. Raymond James Financial — Shares rose 7% after the financial services company reported fourth-quarter adjusted earnings of $2.95 per share. Analysts polled by FactSet had expected earnings of just $2.41 per share. The company’s revenue also came in at $3.46 billion, beating expectations of $3.32 billion. Teradyne — The automation company plunged 9% despite third-quarter non-GAAP earnings and revenue beats. Teradyne also provided fourth-quarter guidance, including FactSet earnings and revenue estimates. Carrier Global — Shares fell 8%. The company reported adjusted earnings from continuing operations of 77 cents per share. Carrier classified its Fire & Security division as a discontinued operation last quarter. Therefore, the company’s third-quarter earnings and outlook did not compare to Wall Street expectations. Northrop Grumman — The defense company rose 2% after announcing a profit beat. Northrop Grumman reported third-quarter earnings of $7 per share, beating analysts’ average estimate of $6.07 per LSEG. Meanwhile, sales for the quarter came in at $10.0 billion, below expectations of $10.18 billion. ServiceNow — This software company rose more than 5%. ServiceNow’s third-quarter adjusted earnings were $3.72 per share, beating Wall Street’s expectations of $3.46 per share, according to LSEG. ServiceNow’s revenue was $2.8 billion, beating analysts’ estimates of $2.74 billion. Mattel — The toy maker soared 4% after third-quarter earnings per share beat expectations. Mattel reported adjusted earnings per share of $1.14, beating the 95 cent consensus estimate of analysts surveyed by LSEG. However, the company’s revenue for the quarter was $1.84 billion, slightly below analysts’ expectations of $1.86 billion. Boeing — The plane maker fell about 2% after Boeing’s machinists voted against a new labor contract, further extending a strike that has been going on for more than five weeks. International Business Machines — Shares fell about 7% after the technology giant reported third-quarter revenue that missed analysts’ expectations. Last quarter, IBM had revenue of $14.97 billion, compared to analysts’ expectations of $15.07 billion, according to FactSet. —CNBC’s Sean Conlon, Michelle Fox, Alex Harring, Ha-Kyung Kim and Sarah Min contributed reporting.
Stocks with the biggest price movements at midday: TSLA, IBM, WHR, MOH
