Check out the companies making the biggest moves midday: XYZ —The financial services provider plunged 10% after reporting third-quarter earnings of 54 cents per share, while analysts polled by LSEG were expecting 67 cents. Block’s $6.11 billion revenue also came in below the forecast $6.31 billion. Globus Medical — The medical device maker soared 32% after third-quarter earnings, excluding one-time items, and revenue topped analysts’ highest estimates. Globus also raised fourth-quarter earnings per share and revenue forecasts, and Truist and Bank of America increased their ratings to buy from hold in reaction, FactSet said. Constellation Energy — The Baltimore-based utility dropped almost 5% after third-quarter adjusted operating EPS of $3.04 per share trailed the analyst consensus of $3.11, according to Street forecasts compiled by FactSet. Constellation, the nation’s largest nuclear power generator, also lowered the top end of its full-year earnings guidance below analysts’ consensus estimate of $9.49. Archer Aviation — Shares dropped 12% after the air taxi developer announced a $650 million stock offering to fund the acquisition of Hawthorne Airport in Los Angeles. The company, which is edging closer to certification of its electric aircraft, is planning to provide air taxi services for the 2028 Olympics. The potential of the offering to dilute the value of Archer shares overshadowed the news of a narrower-than- …
