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Stocks making the biggest moves noon: FedEx, T-Cellular, Uber & more

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A FedEx emblem on a supply truck

Jin Lee | Bloomberg | Getty Photos

Take a look at the corporations making headlines in noon trading. 

T-Cellular — Shares of the wi-fi supplier surged more than 8% to a brand new 52-week excessive on Friday following its better-than-expected quarterly earnings. T-Cellular earned 9 cents on income of $17.67 billion, in comparison with estimates of seven cents on income of $17.61 billion, in accordance with Refinitiv.

Groupon — Shares of  Groupon soared more than 43%, on tempo for its finest day ever again to its IPO in 2011. The surge got here after the on-line market reported a narrower-than-expected second-quarter loss and income that was more than double analyst estimates. Groupon posted a lack of 93 cents per share on income of $396 million. Analysts estimated a loss per share of $2.75 on income of $183 million, in accordance with FactSet.

Dish Community — Shares of Dish Community jumped 4% after the satellite tv for pc TV firm reported better-than-expected quarterly outcomes. Dish posted earnings of 78 cents per share in the final quarter, 19 cents above estimates, in accordance with Refinitiv. Its income additionally got here in above Wall Avenue forecasts.

FedEx — Shares jumped more than 4% after the firm was named to Stephens’ “Finest Concept” record. The agency pointed to 10 constructive catalysts, together with pricing energy and re-acceleration of business-to-business demand. Stephens additionally lifted its value goal on the inventory to $215, which is about 19% above the place it at present trades.

Dropbox — Dropbox shares sank 9.3% in noon trading after the firm beat per-share earnings estimates by 5 cents, with quarterly revenue of 22 cents per share. The file-sharing service’s top-line outcomes additionally got here in above estimates due to a surge in demand from staff working at house. Its fairness got here below stress, nevertheless, after common income per consumer fell from a yr earlier. Individually, the firm introduced the resignation of Chief Monetary Officer Ajay Vashee.

Uber — The ridesharing and supply inventory dropped more than 5% after the firm’s second-quarter report confirmed a income decline of 29% and an excellent sharper fall in the core ridesharing enterprise. The corporate reported an adjusted earnings lack of $1.02 per share, worse than the 86-cent loss projected by analysts, in accordance with Refinitiv. Uber’s supply bookings more than doubled year-over-year and beat Wall Avenue expectations.

Zillow Group — Shares of Zillow Group rallied more than 15% on the again of stronger-than-expected outcomes for the earlier quarter. The true property database firm reported second-quarter income of $768 million, topping a Refinitiv estimate of $615 million. On the backside line, the firm broke even whereas analysts anticipated a lack of 48 cents per share. CEO Wealthy Barton stated Zillow’s outcomes had been “even higher than we had hoped, and agency up our perception that highly effective tailwinds in each actual property and expertise are quickly converging.”

— CNBC’s Maggie Fitzgerald, Fred Imbert, Pippa Stevens, Yun Li and Jesse Pound contributed reporting.

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