Midday Movers: Xerox, JetBlue Airways, Weber and More
By Liz Moyer
Investing.com -- Stocks extended gains on Tuesday as corporate earnings from giants such as General Motors, Coca-Cola (NYSE: KO ) and 3M (NYSE: MMM ) pour out ahead of big tech reports later today. Here are the midday movers for Oct. 25:
Xerox Corp (NASDAQ: XRX ) shares fell more than 16% after the company fell short of expectations and cut its full year revenue outlook, citing the pressures of inflation and supply chain challenges.
JetBlue Airways Corp (NASDAQ: JBLU ) stock fell 3.9% after it missed expectations for earnings , while meeting expectations on revenue for the recent quarter. Strong travel demand and higher prices for fares helped offset costs.
Weber Inc (NYSE: WEBR ) shares spiked 31% after the maker of iconic backyard grills got an offer from its longtime shareholder BDT Capital to buy the rest it doesn't already own for $6.25 a share.
General Motors Company (NYSE: GM ) shares rose 2.9% after the auto maker beat third quarter expectations and kept its full-year outlook as it tries to shift its business toward electric vehicle output.
- United Parcel Service Inc (NYSE: UPS ) stock rose 0.1% after the logistics and package delivery company reported better than expected profit in the recent quarter but fell slightly short on revenue expectations. It plans to raise shipping rates to offset costs.
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