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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 the company on Tuesday posted quarterly earnings and revenue that came in slightly higher than expected, according to FactSet. Intuitive also reported growth in its da Vinci procedures of about 20% compared with the third quarter of 2021.
ASML Holding — Shares jumped 5.4% after the semiconductor equipment maker beat sales and profit expectations in its most recent quarter.
United Airlines — The airline stock jumped about 7% after United Airlines surpassed earnings expectations and issued an upbeat outlook for the current quarter as consumers continue to travel.
Interactive Brokers — Shares of Interactive Brokers added 6.2% after the electronic broker reported adjusted earnings for the third quarter of $1.08 per share, compared to FactSet's estimates of 96 cents per share. Adjusted revenue came in at $847 million, while FactSet estimates put it at $797.6 million.
Travelers — The insurance stock gained 3% after topping Wall Street's
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