Stocks making the biggest moves midday: Exxon Mobil, AMC Entertainment, UPS and more

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Check out the companies making headlines in midday trading.

Exxon Mobil – Exxon shares advanced more than 5% after the company's fourth-quarter profit topped analysts' estimates. The oil giant earned $2.05 per share on an adjusted basis, which was ahead of the $1.93 analysts surveyed by Refinitiv were expecting. Revenue came in at $84.97 billion, which was below the expected $91.85 billion. The company said it paid down $9 billion in debt during the period, bringing its debt level to prepandemic levels.

UPS – Shares of the delivery company surged 13% following the company's fourth-quarter results and upbeat guidance. The company earned an adjusted $3.59 per share, while analysts surveyed by Refinitiv were expecting $3.10. Revenue also topped expectations, and UPS announced a 49% dividend increase.

AMC Entertainment – Shares of the movie theater chain surged more than 11% after the company announced fourth-quarter preliminary results that topped expectations. AMC said it was able to cap off 2021 with «the strongest quarter in two years,» which was led by movies like «Spider-Man: No Way Home.»Sirius XM – Shares of the satellite radio and streaming audio service company jumped more than 3% after a better-than-expected earnings report. Sirius beat estimates by a penny with quarterly earnings of 8 cents per share, according to Refinitiv. Its revenue also surpassed expectations. Sirius also announced a special dividend of 25 cents per share.

Carnival Corp. — Shares of the major cruise operators rose in midday trading on Tuesday. Carnival Corp. added more than 5%. Norwegian Cruise Line and Royal Caribbean rose 5.1% and 4.7%, respectively.

Pitney Bowes — Shares of the mailing company cratered 15% in midday