Meta Platforms, Teladoc, Credit Suisse

Check out the companies making headlines in midday trading Thursday.

Meta Platforms — Facebook’s parent fell 22.4% after issuing weak guidance for the current quarter and missing revenue estimates for the third quarter. Meta Platforms also shared its second consecutive quarterly profit, with its Reality Labs unit losing more than $9 billion, and was hit by a spate of analyst downgrades.

Caterpillar — Shares of the construction equipment maker rose 8.2% following the company’s quarterly earnings report, which included beats on both the top and bottom lines. Earnings came in at $3.95 per share on revenue of $14.99 billion, compared with estimates of $3.16 per share on revenue of $14.33 billion, according to Refinitiv.

McDonald’s — Shares of the fast-food giant rose 2.8% after the company beat revenue expectations for its latest quarter. Traffic at US restaurants is growing, McDonald’s reported, even after raising prices.

Align Technology — The maker of Invisalign saw its shares fall 18% after it posted disappointing earnings for the most recent quarter. Align reported $1.36 per share on revenue of $890 million. Analysts had expected $2.18 per share on revenue of $953 million, according to Refinitiv.

Credit Suisse — Swiss bank shares fell 19.5% after Credit Suisse posted a bigger-than-expected loss for the third quarter. Credit Suisse also shared a restructuring plan to overhaul its struggling business.

Sleep Number — Shares fell 20% after Sleep Number issued a weak fourth-quarter outlook, citing weaker demand and semiconductor supply chain issues.

Energy stocks — Energy stock volumes rose at midday as oil prices rose. Baker Hughes, Marathon Oil and Phillips 66 each earned more than 2$. shellThe stock gained 5.1% on a strong earnings report that showed the oil giant’s quarterly profit more than doubled year over year.

Service Today — The stock jumped 13% after ServiceNow beat earnings expectations in its most recent quarter. Separately, MoffettNathanson upgraded ServiceNow to outperform from market performance, saying the software stock could become a “new home” for mega-cap tech investors after its earnings results.

Comcast — The media giant’s stock rose 4.8% after beating analysts’ earnings expectations for the third quarter. Despite the topline beat, Comcast posted modest revenue and continued slowing growth in its broadband customer segment.

Teladoc Health – Shares of Teledoc Health jumped 7.8% after the company reported a narrower-than-expected loss for its most recent quarter. The company also reported revenue that beat Wall Street expectations in the quarter.

Wolfspeed – Shares of Wolfspeed fell more than 18.8% after the semiconductor company provided weaker-than-expected forward guidance. The company forecast a loss of 12 cents per share on sales of $225 million in the current quarter, while Wall Street expected a loss of 1 cent per share on $252.5 million in sales.

South West — The airline added 2.5% after beating analysts’ expectations on the top and bottom lines for the recent quarter and indicating that travel demand remains strong. Southwest said it expects continued aircraft delays from Boeing through 2024.

Merck — Shares gained 2% after Merck topped Wall Street expectations on the top and bottom lines. The company posted earnings per share of $1.85 on revenues of $14.96 billion.

Honeywell — Shares rose 4% after Honeywell beat analysts’ expectations for the most recent quarter. Industrial companies cited growth in commercial aerospace and advanced materials components as reasons for the strong season.

Shopify — The e-commerce company rose more than 16% after sharing a smaller-than-expected loss for the most recent quarter.

AutoNation — AutoNation stock falls 7% despite missing profit. The automotive retailer topped earnings expectations, according to analysts polled by Refinitiv. The company also approved a $1 billion buyback but said prices for used cars are falling.

Boeing — Boeing shares rose more than 4% after Goldman Sachs lowered its price target on the aircraft maker, but reiterated its belief in the company’s business. The new price target suggests shares could rally more than 80% from Wednesday’s close.

O’Reilly Automotive — Shares of O’Reilly Automotive gained 3.9% after the company posted third-quarter results that topped analysts’ expectations on the top and bottom lines. The company also raised its full-year guidance.

Stanley Black and Decker — The power tool maker’s stock fell 2.6% after the company cut its full-year earnings per share forecast, beating better-than-expected third-quarter revenue and earnings.

Keurig Dr Pepper — The beverage maker lost 2.1% after missing Wall Street’s third-quarter earnings estimates.

— CNBC’s Carmen Reinicke, Sarah Min and Tanaya Macheel contributed reporting

Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.

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