Stocks making the biggest moves midday: Starbucks, Apple, Amazon, U.S. Steel and more

Stocks making the biggest moves midday: Starbucks, Apple, Amazon, U.S. Steel and more

— Shares of U.S. Steel gained more than 15% as the company's quarterly results beat top and bottom line estimates. U.S. Steel reported adjusted earnings of $5.36 per share, compared with $4.81 per share expected, according to FactSet. Revenue also topped analysts' estimates. — Shares of the coffee giant fell more than 7% after reporting that fell short of analysts' expectations. China saw same-store sales shrink by 7% in the quarter, missing Starbucks' prior forecast of flat same-store sales growth. — Shares of the e-commerce giant dropped 2.9% after the company . The company also issued disappointing sales guidance for the critical holiday period. — The tech giant's stock tumbled 2.2% after the company's quarterly revenue  amid larger-than-expected supply constraints on iPhones, iPads and Macs. It was the first time Apple's revenues have missed Wall Street estimates since May 2017. Amid Friday's decline in shares, Microsoft passed Apple to become the world's most valuable company.  — Chevron gained 1.1% after the energy company generated the quarterly profit since 2013, boosted by surging oil prices and lower operational costs. The company reported adjusted profit of $2.96 per share on revenue of $44.71 billion. Analysts expected Chevron to earn $2.21