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Check out the companies making midday trading headlines.
Meta Platforms-Shares of the company formerly known as Facebook rose 17.6% after reporting mixed results in the first quarter. The company posted a beat in earnings but a frustrating earnings miss. It also saw daily active user grow following the decline in the fourth quarter.
McDonald’s – Shares of the restaurant chain gained nearly 3% after first quarter earnings topped expectations. McDonald’s reported first quarter revenue of $ 5.67 billion compared to the $ 5.59 billion analysts expected, according to Refinitiv. The company saw sales growth in both stores of 3.5% in the U.S. and even higher in international markets, ahead of estimates compiled by StreetAccount.
Qualcomm – Qualcomm’s stock price rose more than 9.7% after its latest earnings report showed that all four of the company’s semiconductor businesses grew in the most recent quarter. Qualcomm posted adjusted earnings per share of $ 3.21 on revenue of $ 11.16 billion. Analysts surveyed by Refinitiv estimate revenues of $ 2.91 per share on revenue of $ 10.60 billion.
Ford-The automaker’s shares fell 1.6% after the company said its stake in Rivian dragged revenue lower in the recent quarter. Ford reported adjusted earnings per share of 38 cents on $ 32.1 billion in revenue. Analysts surveyed by Refinitiv expected earnings of 37 cents per share on $ 31.13 billion in revenue.
Caterpillar – The machinery company’s shares fell 0.7% despite a report in the first quarter that exceeded the above and bottom line estimates. Caterpillar reported an adjusted $ 2.88 in earnings per share on $ 13.59 billion in revenue. Analysts surveyed by Refinitiv earned $ 2.60 in earnings per share on $ 13.40 billion in revenue. The company’s sales growth slowed compared to the fourth quarter, and operating profit margins narrowed year after year.
PayPal – Shares of PayPal jumped 11.5% following a fall in revenue in the first quarter. The stock rose even as the payment company gave poor guidance for the second quarter and full year.
Mastercard – Mastercard shares gained 4.8% following a beat to the top and bottom lines in the recent quarter. For the first time since the pandemic began, the company said cross-border travel would be higher at 2019 levels.
Comcast – Comcast shares fell more than 6.2% despite beating the expectations of analysts above and below the line as growth in broadband subscriptions slowed. The company beat analysts ’estimates on the metric but noted that approximately 80,000 of the subscribers were free internet customers.
Southwest Airlines-Southwest Airlines stock rose 2.1% after reporting broader-than-expected losses but a loss in earnings in the recent quarter. The company reaffirmed its forecasts in the second quarter and said it expects revenue for that period to exceed the pace of 2019 despite fewer flights.
Pinterest – Pinterest’s stock price jumped 13.6% following losing earnings. On Wednesday, the image-sharing company reported adjusted earnings of 10 cents per share and revenues of $ 575 million. In comparison, analysts polled by Refinitiv expect earnings of 4 cents per share on revenues of $ 573 million.
Eli Lilly-The drug maker shares 4.3% after the company reported results from a clinical trial showing its obesity drug tirzepatide helped patients lose up to 22.5% of their weight. Eli Lilly also reported better-than-expected earnings and earnings for the first quarter and boosted its full-year earnings guidance.
Teladoc-Telehealth services shares fell 40.2% after the company reported earnings in its most recent quarter and gave weaker-than-expected earnings guidance, after which at least six Wall Street companies were issued stock downgrades.
ServiceNow – Shares of ServiceNow added 8.1% following a beat on the top and bottom lines in the recent quarter. The company saw $ 1.73 adjusted revenue per share on $ 1.72 billion in revenue. Analysts expect $ 1.70 per share and $ 1.70 billion in revenue, according to FactSet’s StreetAccount.
-CNBC’s Jesse Pound, Tanaya Macheel and Sarah Min contributed to the report
Disclosure: Comcast owns CNBC parent NBCUniversal.
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