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A Starbucks location in New York. Scott Mlyn | CNBC Check out the companies making headlines after hours. Block — The mobile payment stock jumped 12% after Block reported third-quarter results that beat on the top and bottom lines. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Analysts polled by Refinitiv were forecasting earnings of 23 cents per share on revenue of $4.49 billion. PayPal — Shares declined more than 6%. PayPal reported earnings that surpassed profit and sales expectations . CEO Dan Schulman announced the company is working with Apple to enhance offerings for PayPal and Venmo merchants and consumers. Carvana — The online used car retailer stock dropped more than 8% after reporting disappointing third-quarter results on the top and bottom lines, according to consensus estimates from Refinitiv. Carvana said it's seeking to decrease expenses given the macro backdrop, and declined to give a 2023 quantitative outlook. Twilio — Shares tumbl...

In this article TMUS DXCM DVA EW AMZN INTC AAPL Follow your favorite stocks CREATE FREE ACCOUNT Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Apple – 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. Intel – The chip stock popped 10% after surpassing analysts' estimates for the recent quarter and outlining a plan to reduce costs by $10 billion over the next three years. Amazon – Shares of Amazon slipped 9% Friday after the retailer on Thursday reported quarterly revenue that fell short of Wall Street's expectations. The company also projected weaker holiday sales than analysts expected. T-Mobile – T-Mobile stock jumped 6% after the telecom company reported the largest jump in subscriber numbers since 2020, when it m...

In this article GNRC NFLX ISRG UAL IBKR WGO Follow your favorite stocks CREATE FREE ACCOUNT The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Generac — Shares were trading down 25% after the company cut its expected full-year revenue growth to a range of 22% to 24%, down from 36% to 40%, which is also below Wall Street expectations. The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate. Netflix — Shares of the streaming media company soared more than 13% after the firm on Tuesday posted better-than-expected results on the top and bottom lines. Netflix also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter ago. Intuitive Surgical — Shares of the medical equipment maker rose 8.9% after th...

Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points to 49 this month, its eighth straight monthly decline. Anything above 50 is considered positive. The index has not been in negative territory since a very brief plunge at the start of the Covid pandemic. Before that, it hadn’t been negative since June 2014. “Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession,” said NAHB Chief Economist Robert Dietz. Of the index’s three components, current sales conditions dropped 7 points to 57, sales expectations in the next six months fell 2 points to 47 and buyer traffic fell 5 points to 32. Housing shortage seeping into the Midwest and South Aug. 6, 2022 02:28 Despite higher costs for land, labor and materials, about 1 in 5 builders i...