Midday movers: Meta Platforms, IBM, United Parcel Service and more
Investing.com -- U.S. stocks were falling on Thursday after hotter than expected data on gross domestic product growth, as investors await Amazon stock fell 4.7% after the Facebook-parent exceeded third-quarter expectations, but the management said on the earnings call that brand advertising demand softened at the beginning of the fourth quarter.
stock rose 3.8% after the tech company beat expectations on profit for the third quarter and reaffirmed its outlook. stock fell 5.4% after the delivery service cut its 2023 revenue forecast due to lower e-commerce delivery demand as it fights to win back customers lost during its difficult labor talks.) stock slipped 1.5% after the auto giant reached a tentative labor deal with the United Auto Workers union to end a strike.) stock fell 9.8% after the toymaker cut its annual revenue forecast for the second time, warning of choppy toy sales into the crucial holiday quarter. stock rose 2.
stock rose 0.4% after the defense company raised its annual revenue target for the second time this year after reporting a jump in third-quarter revenue and profit helped by strong weapons demand.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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