Midday Trading Highlights:
- Netflix: Shares rose 10% after Q3 results exceeded expectations, earning $5.40 per share on $9.83 billion revenue.
- U.S. Cellular & Telephone and Data Systems: U.S. Cellular shares jumped 9% and Telephone and Data Systems surged 15% following a $1 billion deal with Verizon.
- Lamb Weston: Shares up 9.2% after activist investor Jana Partners announced a stake and plans for a sale.
- CVS Health: Shares fell 8% after new CEO announcement and weak Q3 earnings guidance.
- MGP Ingredients: Shares plummeted 26% after Q3 earnings guidance missed analyst expectations.
- American Express: Shares down 2.9% after revenue fell slightly short of forecasts but earnings beat estimates.
- Intuitive Surgical: Shares up 8.7% after surpassing Q3 earnings expectations with $1.84 per share.
- Apple: Shares gained 1.2% as new iPhone sales in China rose 20% year over year.
- WD-40 Company: Shares dropped 5% after disappointing Q4 earnings and guidance.
- Western Alliance: Shares tumbled 6.3% despite topping revenue expectations.
- Fifth Third Bancorp: Shares slipped 2% after missing Q3 earnings estimates.
- Comerica: Shares rose over 4% after reporting better-than-expected Q3 results.
- Crown Holdings: Shares jumped 4% after raising full-year earnings forecast.
- SLB: Shares dipped 3% despite beating earnings expectations, revenues missed estimates.
- Coherent: Shares fell 3.8% after being downgraded due to limited upside post-rally.
- Ally Financial: Shares dipped 1.5% despite reporting better-than-expected earnings and revenue.
— Reporting by CNBC’s Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, and Jesse Pound.
