Tom Hanks arrives at the premiere of Disney and Pixar’s “Toy Story 4” at the El Capitan on June 11, 2019 in Los Angeles.
Kevin Winter | Getty Images
Check out the companies making headlines in midday trading:
Walt Disney — Disney shares rallied 3.7% in midday trading after it reported quarterly earnings of $1.07 per share, 12 cents a share better than what Wall Street analysts had expected. Revenue also beat forecasts, boosted by a 52% increase in studio entertainment revenue amid a strong movie box office performance. Its long-awaited streaming service, Disney+, is set to launch on November 12.
Monster Beverage — Shares of the energy drink maker gained more than 3% after the company beat earnings and revenue estimates for the third quarter. Sales rose 11%, and the company also announced a $500 million share repurchase program.
Gap — The apparel retailer’s stock fell 7% after the company announced that CEO Art Peck would be stepping down, effective immediately. The company also…