Check out the companies making headlines in midday trading.
Shares of Apple jumped 8% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter.
After surpassing analysts’ estimates for the recent quarter and outlining a plan to reduce costs by $10 billion over the next three years, Intel’s stock popped 10%.
After Amazon reported quarterly revenue that did not meet Wall Street’s standards on Thursday, the company’s shares took a 9% dive on Friday. The retailer also forecasted lower holiday sales than what analysts had predicted.
T-Mobile’s stock shot up 6% after the telecom company released their subscriber numbers. This is the biggest jump they’ve had since 2020, when they merged with Sprint.
DexCom’s stocks shot up 16% after releasing their quarterly results which knocked the socks off of any expectations set by analysts.
Gilead Sciences – On Friday, StreetAccount reported that the pharma company’s shares rose 11% following their better-than-expected earnings and revenue report. Gilead also issued bullish guidance for future earnings and total product sales. In response to this news, Truist upgraded the stock to a buy rating.