Check out the companies that are trending in intraday trading. Peloton — Shares soared 28% after the exercise equipment company reported better-than-expected first-quarter results and raised its full-year profit outlook. Peloton also announced that former Ford executive Peter Stern will become its next CEO starting in January. Carvana — The used car platform rose 23% after third-quarter profit and sales results. Carvana also said full-year adjusted earnings, excluding interest, taxes, depreciation and amortization, would be “well above the high end” of its previous target range. Norwegian Cruise Line Holdings — Cruise shares soared 10% after a third-quarter report that beat Wall Street expectations. Norwegian reported adjusted earnings per share of 99 cents on revenue of $2.81 billion. Analysts surveyed by FactSet had expected revenue of 92 cents a share, or $2.77 billion. The company also raised its full-year profit forecast. Etsy — Shares rose 8% after the online e-commerce platform reported surprisingly upbeat third-quarter results. Etsy reported adjusted EBITDA of $183.6 million and revenue of $662.4 million. That beats the $177.4 million adjusted EBITDA on revenue of $652.5 million expected by analysts surveyed by FactSet. Altria Group — Tobacco shares rose 7% after third-quarter adjusted earnings of $1.38 per share, compared to consensus expectations of $1.35 per share, according to FactSet . Sales also came in at $5.34 billion, exceeding expectations of $5.33 billion. Microsoft — The technology giant fell 5% after expecting its current quarter’s revenue to be lower than analysts expected. Microsoft expected revenue to be in the range of $68.1 billion to $69.1 billion, compared to analysts’ expectations of $69.83 billion, according to LSEG. However, Microsoft reported fiscal first-quarter results that beat analysts’ expectations. eBay — Shares fell 9% after the online marketplace released disappointing fourth-quarter guidance. eBay expects revenue for the current quarter to be between $2.53 billion and $2.59 billion. Analysts had expected sales of $2.65 billion, according to Street Accounts. Meanwhile, the company posted higher profits and sales in the third quarter. Coinbase — The cryptocurrency exchange platform fell 10% after posting third-quarter profit and revenue misses. Coinbase’s revenue was $1.21 billion, but analysts surveyed by LSEG expected the top line to be $1.26 billion. Uber — Shares fell more than 10% after the ride-hailing company’s third-quarter total bookings fell short of Wall Street expectations. Uber’s total bookings were $40.97 billion, according to Street Accounts, while analysts were expecting $41.25 billion. MGM Resorts — The casino operator posted third-quarter adjusted earnings of 54 cents per share, down from 64 cents per share a year ago, a 10.6% decline. MGM also reported net revenue of $4.18 billion, below the FactSet consensus of $4.21 billion. Super Micro Computer — AI server maker fell 13%. This came a day after Ernst & Young’s stock price fell 33%, its worst day since 2018, after the company revealed it had resigned as its auditor. Teleflex — Shares plunged 15.6% after the medical device provider reported third-quarter revenue of $764.4 million, below FactSet estimates of $768.7 million. The company also lowered its full-year earnings forecast. Robinhood — The brokerage fell 14.6% after reporting third-quarter earnings of 17 cents per share, below the 18 cents expected by analysts surveyed by LSEG. Robinhood’s revenue was $637 million, below expectations of $658 million. In an earnings call, Robinhood’s chief financial officer blamed marketing promotions for hurting profits. Estée Lauder — Shares fell more than 20% after the luxury cosmetics giant withdrew its full-year earnings forecast. The company said demand in China remained tough and also cut its quarterly dividend. —CNBC’s Sean Conlon, Alex Harring, Jesse Pound and Samantha Subin contributed reporting.
Stocks with the biggest price movements at noon: PTON, SMCI, HOOD, EL
