Stocks making the biggest moves midday: United Airlines, AT&T, Tesla and more

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Check out the companies making headlines in midday trading Thursday.

United Airlines – Shares of the airline surged 10.5% after the company said it expects to return to profitability in 2022 as travel bounces back. United cited a strong increase in bookings and a willingness for passengers to pay more to travel for its upbeat guidance.

American Airlines – Shares of the country's biggest airline jumped 4.3% after the company forecast a second-quarter pretax profit as strong bookings help it cover soaring fuel costs. American said March was the first month since the Covid pandemic began that its revenue surpassed 2019 levels and added that bookings continue to rise.

Blackstone – Blackstone beat analyst estimates on the top and bottom lines for the previous quarter. The private equity firm's stock dipped 4.5%, however, after rising earlier in the session.

AT&T — The telecom giant gained 4.6% after reporting its first-quarter results. AT&T reported $38.1 billion in consolidated revenue for the quarter and 65 cents in earnings per share, which includes results of the now spun-off WarnerMedia. Revenue for AT&T's communications segment, including its mobile phone service, was up 2.5% year over year at $28.9 billion.

Tesla — Tesla shares jumped 6.3% after the electric vehicle maker beat Wall Street estimates on the top and bottom lines and saw an increase in car deliveries in the first quarter. Analysts responded positively to the news, with one calling Tesla a «must own.»

Xerox – Shares fell 16.3% after Xerox reported weaker-than-expected earnings. The company posted a profit of 12 cents per share, 1 cent below the Refinitiv consensus. The office equipment maker said it was hurt by inflation pressures and