Check out the companies making headlines in midday trading. Spotify — Shares rallied more than 10% Tuesday after the company posted a surprise profit in the third quarter, its first quarterly profit in more than a year. The company cited cost-cutting measures, including lower market spend and layoffs, as well as increased subscription costs for the profit of $65 million euros. Coca-Cola — The soda maker climbed 3.1% after exceeding analysts’ expectations in the third quarter. Coca-Cola earned 74 cents per share, adjusted, on revenue of $11.91 billion. Analysts surveyed by LSEG, formerly known as Refinitiv, forecast 69 cents in earnings per share on $11.44 billion in revenue. The company also raised its outlook. DraftKings — The sports betting stock climbed 5.9% following an upgrade to buy from neutral by MoffettNathanson. The firm said DraftKings has better finances than expected paired with outperforming revenue. General Electric — The industrial stock popped 7.5% after beating Wall Street expectations on both EPS and revenue for the third quarter. General Electric also raised its full-year guidance, noting increased demand within its aerospace business. 3M — The conglomerate jumped 5.8% after beating analysts’ expectations in the quarter and raising its earnings outlook. Specifically, 3M said full-year adjusted earnings should come in higher than previously anticipated, due in part to success with restructuring and spending control. Barclays — U.S-listed shares tumbled 6.4%. The British bank reported a 16% decline in profit in the third quarter, which it attributed in part to lower investment banking revenue. Alphabet , Snap and Microsoft — The well-known technology stocks rose as investors readied for their earnings reports due after the market closes. Snap climbed more than 3%, while Google parent Alphabet added nearly 2%. Microsoft was up about 0.4%. Coinbase — A breakout in the price of bitcoin gave a 10% boost to Coinbase and pushed other crypto equities higher Tuesday. Bitcoin proxy Microstrategy gained 12%, while bitcoin miners Marathon Digital and Riot Platforms advanced 14% and 11%, respectively. Other trading platforms got a lift, too, with Robinhood up more than 2% and Block , which operates Cash App, up 3.5%. Redfin — The real estate stock surged 10.8% a day after Apollo Capital and affiliates agreed to commit as much as $250 million in financing to the real estate brokerage via a loan, according to a filing with the U.S. Securities and Exchange Commission. With the loan, the timing of Redfin’s debt maturing has been extended into 2028. TrueBlue — The workforce solutions provider tumbled 22.2% after posting a weak third-quarter report and guidance for the current quarter on Monday. The company missed consensus estimates from analysts polled by FactSet on both lines in the quarter, while fourth-quarter revenue guidance was also lower than expected. Hexcel — The aerospace stock dropped 5% after Hexcel on Monday missed third-quarter estimates on the top and bottom lines. Hexcel reported adjusted earnings of 38 cents per share on revenue of $419.5 million. Analysts polled by FactSet anticipated earnings of 43 cents per share on revenue of $427.1 million. Agilysys — Agilysys shares surged 21% in midday trading. The hospitality software developer topped earnings and revenue expectations in its latest quarter, according to FactSet. It also raised its full-year revenue guidance to $235 million to $238 million, greater than prior guidance of $230 million to $235 million. It also exceeded the FactSet consensus estimate of $233.7 million. Braze — The costumer engagement stock rose 3.4% on the heels of an upgrade to buy from neutral by D.A. Davidson. The firm listed resilient growth and a move to profitability among reasons to be optimistic about the stock, even in a tough spending environment. The Trade Desk — Shares advanced 3.2% after Loop Capital initiated coverage of the advertising technology stock with a buy rating. Loop said the company has one of the best long-term growth stories for technology and media investors. Planet Fitness — The gym chain added 3.9% after Baird named the stock a fresh pick. Baird said shares could have “compelling upside” if management can improve unit economics to catalyze a re-acceleration in growth starting in 2025. Criteo — The advertising technology stock traded 4.1% higher after KeyBanc initiated coverage with a buy rating. KeyBanc said the company has made progress in the retail media space that has been overlooked because of other factors. Rio Tinto — The metal and mining stock climbed 3% following Barclays’ upgrade to overweight from equal weight. The bank said the company’s shares are at an attractive place. FMC — The chemical manufacturer shed 4.1% on the back of a downgrade to equal weight from overweight by Morgan Stanley. The bank warned that FMC could see sales growth slow. PVH — PVH shares popped 4.7% after JPMorgan upgraded the apparel stock to overweight from a neutral rating as the brand focuses on boosting desirability for its Calvin Klein and Tommy Hilfiger brands and implements a slew of “foundational” changes. — CNBC’s Sarah Min, Samantha Subin, Hakyung Kim and Tanaya Macheel contributed reporting.