
Stocks making the biggest moves midday: Uber, Abiomed, Peloton, Carvana, Molson Coors and more
Check out the companies making headlines in midday trading Tuesday.
Uberreported revenue that exceeded Wall Street’s expectations. The company also gave better-than-anticipated guidance for its fourth quarter, projecting strong bookings growth and adjusted EBITDA of $600 million to $630 million. Analysts surveyed by Refinitiv expected $568 million in adjusted EBITDA.
Pelotonproducts went live on the Dick’s
Foxcompany’s earnings showing its free, ad-supported streaming service helped boost advertising revenue.
Carvanaupgraded Carvana to neutral from underweight, saying the company and investors have a better handle on the risks in the used car seller after its decline this year.
Deckers Outdoorreinstated coverage of Deckers Outdoor with a buy rating, saying the footwear company has a strong portfolio of brands led by Hoka and Ugg that will help the stock outperform.
— CNBC’s Sarah Min, Carmen Reinicke, Tanaya Macheel, Yun LI, Michelle Fox and Jack Stebbins contributed reporting.