Stocks making the biggest moves midday: Danaher, Tesla, AT&T and more

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Check out the companies making headlines in midday trading.

Danaher – Shares of the medical conglomerate jumped more than 8% after the company reported better-than-expected earnings and revenue for its most recent quarter, citing higher sales that helped offset an increase in its expenses. Danaher posted adjusted earnings of $2.76 per share on revenue of $7.75 billion, compared to expected earnings of $2.35 per share on revenue of $7.3 billion, according to Refinitiv.

Tesla – Tesla rose more than 9% a day after the automaker reported earnings that were slightly better than Wall Street expected in the second quarter. Tesla posted adjusted earnings of $2.27 per share on $16.93 billion in revenue, compared to expected earnings of $1.81 per share on revenue of $17.10 billion, according to Refinitiv.

AT&T – Shares of the telecom giant plunged more than 7% after AT&T trimmed its free cash flow guidance for the full year. AT&T topped analysts' estimates on the top and bottom lines in the second quarter, posting adjusted earnings of 65 cents a share on revenues of $29.64 billion.

CSX Corp. – The transport stock gained 4% after CSX reported stronger-than-expected revenues for the second quarter. CSX said higher prices and a fuel surcharge helped boost revenue. Loop upgraded CSX to buy from hold after the report, saying that the company's pricing power could make it a smart recession play for investors.

Phillip Morris – Phillip Morris' shares gained 4% after the company reported quarterly earnings that beat analyst expectations. The cigarette maker also increased its growth expectations for profit going forward.

United Airlines and American Airlines – Shares of both United and American dropped 9.4% and 7.6%