Midday Stock Highlights:
- Netflix: Shares up 10% after beating Q3 earnings expectations ($5.40/share on $9.83B revenue).
- U.S. Cellular: Stock surged 9% after a $1B spectrum sale deal with Verizon. Telephone and Data Systems shares rose 15%.
- Lamb Weston: Shares jumped 9.2% after an activist investor announced plans to push for a sale.
- CVS Health: Shares fell 8% after a CEO change; Q3 earnings guidance was much lower than expected ($1.05-1.10/share vs. $1.69).
- MGP Ingredients: Stock dropped 26% after disappointing Q3 earnings forecast ($1.29/share vs. $1.44 expected).
- American Express: Shares down 2.9% despite Q3 earnings at $3.49/share, slightly above estimates.
- Intuitive Surgical: Shares rose 8.7% after beating Q3 earnings expectations ($1.84/share on $2.04B revenue).
- Apple: Shares gained 1.2% with a report of 20% sales growth for new iPhones in China.
- WD-40: Shares fell 5% after reporting Q4 earnings below expectations ($1.23 vs. $1.34).
- Western Alliance: Shares tumbled 6.3% despite beating revenue expectations ($823M vs. $808M).
- Fifth Third Bancorp: Shares slipped 2% following Q3 earnings missing estimates (78 cents vs. 83 cents).
- Comerica: Stock jumped over 4% after strong Q3 results ($1.33/share vs. $1.17 expected).
- Crown Holdings: Shares up 4% after raising full-year guidance (expected adjusted earnings between $6.25-$6.35).
- SLB: Shares dipped 3% after Q3 revenue missed estimates ($9.16B vs. $9.25B forecast).
- Coherent: Shares fell 3.8% after being downgraded by analysts.
- Ally Financial: Shares dipped 1.5% despite surpassing Q3 expectations (95 cents/share on $2.1B revenue).
— Reporting by CNBC’s team.
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