Chipotle, Netflix, Verizon and more

Find out which companies are making the midday headlines.

Chipotle Mexican Grill – Shares of the fast food chain jumped 11% after beating quarterly results up and down. Chipotle reported a profit of $ 7.46 on revenue of $ 1.89 billion. Analysts had expected a profit of $ 6.52 on revenue of $ 1.88 billion, according to Refinitiv. Income has surpassed pre-pandemic levels as restaurant patrons returned to its restaurants.

Netflix – The streaming platform’s share price fell more than 3% after Netflix reported disappointing earnings and subscriber expectations in the third quarter. Netflix earned $ 2.97 per share, below estimates of $ 3.16 per share, according to Refinitiv. The company said it expects 3.5 million net subscribers in the third quarter, nearly 2 million below analyst estimates.

Verizon Communications – Shares of Verizon gained 1.3% after the company reported better-than-expected earnings in the second quarter. The telecommunications company earned adjusted $ 1.37 per share on revenue of $ 33.76 billion in the second quarter. Analysts expected adjusted earnings per share of $ 1.30 on revenue of $ 32.74 billion, according to Refinitiv.

Coca-Cola – Shares of the beverage maker rose about 1.3% at midday after the company reported second-quarter earnings of 68 cents per share, beating expectations by 12 cents per share, according to Refinitiv. Its income has surpassed pre-pandemic levels and Coca-Cola has also raised its forecast for the entire year.

United Airlines – Airlines stock rose 3.9% after the carrier reported higher-than-expected revenues in the second quarter, thanks to a resurgence in air travel. United’s revenue exceeded expectations by quadrupling from a year earlier amid rising bookings. The airline expects the trend to continue despite the rapidly spreading delta variant. United reported a loss of $ 3.91, in line with Refinitiv’s expectations.

Harley-Davidson – Harley-Davidson shares fell more than 7% after mixed results in the second quarter. The motorcycle maker’s quarterly profit of $ 1.33 a share is 16 cents higher than Wall Street estimates, according to Refinitiv. However, the company’s second-quarter revenue fell short of analysts’ forecasts.

Sunnova and Sunrun – Shares of Sunnova and Sunrun rose 4% and 5.2% respectively, after JPMorgan named the two solar companies among the first. “We highlight overweight Sunnova (NOVA) and Sunrun (RUN) as the top picks for 2H21 due to high inventory levels, which should position both companies relatively better to meet expected demand in the near term,” said the bank in a note.

Halliburton – The energy stock jumped more than 5% on Wednesday after Goldman Sachs improved Halliburton to buy neutral. Goldman also said he expected Halliburton to increase its dividend as early as next year.

RealReal – Shares of the online consignment retailer rose more than 5% after Bank of America upgraded the stock to buy neutral. The company said in a note that RealReal had been hit harder by the pandemic than other ecommerce stocks and could now be in line for an expansion of its valuation multiple.

– CNBC’s Maggie Fitzgerald, Jesse Pound, Tanaya Macheel and Yun Li contributed reporting