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Check out the companies making headlines in midday trading.
Etsy — Shares of the e-commerce shopping platform rallied more than 13% in midday trading after reporting better-than-expected results for the fourth quarter. Revenue also topped estimates. Etsy also got an upgrade to neutral from UBS following its strong results.
Foot Locker — The shoe retailer's shares tumbled 33% after the company reported quarterly results and projected a fall in 2022 revenue, as it anticipates it won't be selling as many products from Nike. Foot Locker's outlook on full-year profit and comparable-store sales was weaker than expected.
Dish Network — Shares of the telecom company jumped more than 10% on Friday after JPMorgan upgraded the stock to overweight from underweight. The investment firm said that the stock appeared more attractive after a recent decline and had several potential positive catalyst upcoming.
Block — Shares of the payments giant soared by more than 23% after the company reported earnings and revenue that beat analysts' expectations for its latest quarter. It also issued upbeat guidance for the current quarter and the full year, citing growing success in its consumer business, Cash App.
LendingTree — The online lending marketplace's shares added more than 11% after the company reported quarterly results that included a narrower-than-expected loss and a revenue beat. It also noted performance in its consumer segment was strong during the quarter.
Bio-Rad Laboratories — The maker of life science research products saw shares rise 7% after it presented its growth strategy and plans to accelerate its financial targets at its Investor Day. For 2025, the company said it expects to enhance its financial profile
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