Check out the companies making headlines in the midday trading: Meta Platform – Facebook’s parent stock has risen by around 4% after the company surpassed its earnings expectations. Meta has shown continuous advertising resilience and increased the scope of capital expenditures to reflect investments in more data center infrastructure, even amidst the macroeconomic uncertainty. The company also issued inline guidance during the current period. WAYFAIR – Online Home Goods Store has won nearly 2% after first quarter results violated Wall Street estimates at the top and bottom lines. Wayfair earned 10 cents adjusted per share with revenue of $2.73 billion, while analysts surveyed by LSEG projected a loss of 22 cents per share with revenue of $2.711 billion. Wayfair also reported improvements in its gross profit and free cash flow metrics. Align Technology – Dental Products Company added more than 2% after first quarter revenue exceeded expectations. Align reported $2.13 in adjusted earnings per share, exceeding Analysts’ forecast of $1.99 per share, according to Factset. The company also said that clear aligner products sold in the US are made in Mexico rather than China, and could limit the impact of tariffs. TESLA – Stock rose almost 1% after Tesla shot down a report from the Wall Street Journal, and then the electric car maker’s board of directors shot down reports that they were looking for a replacement for CEO Elon Musk. QUALCOMM – Chipmakers fell almost 8% after forecasting revenue for the current quarter, which was slightly below expectations. However, Qualcomm defeated its forecasts in both second quarter revenue and revenue, but its chip sales also showed strong year-over-year growth. Microsoft – The tech giant has added 8% after surpassing Wall Street expectations in the top and bottom lines in the third quarter. Microsoft also issued year-round rosy guidance. CVS Health – Following the results of the first quarter, pharmacy stocks won nearly 6%. CVS reported adjusted earnings per share of $2.25 against revenue of $945.9 billion in the first quarter, with analysts surveyed by LSEG looking for $1.70 per share and revenue of $9.36 billion. The company also increased its annual revenue outlook. Amazon – Stocks rose nearly 3% following news that the e-commerce giant is planning to spend $4 billion by the end of 2026 to expand its Komachi distribution network in the US Elily rural area. First quarter revenue and revenue surpassed analysts’ estimates as demand for both weight loss and diabetes medication increased. The company expects full-year revenues in the range of $20.78 to $22.28 per share compared to previous forecasts that were sought between $22.50 and $24 per share. Organon & Co. – The pharmaceutical company’s shares plummeted 26% after Organon reduced its quarterly dividend from 28 cents per share to 2 cents per share. The company said it aims to strengthen its capital structure and speed up the process towards delaboration. Becton, Dickinson and Company – Medical device manufacturers slumped to about 15%. Becton, Dickinson and Company surpassed analysts’ estimates on top and bottom lines for the second quarter, but the company lowered its full-year, adjusted per-share outlook to reflect the impact of tariffs. The company currently believes it will generate revenue adjusted between $14.06 to $14.34 per share compared to previous calls between $14.30 and $14.60 per share. Quanta Services – Construction engineering companies surged around 11% after posting beats on top and bottom lines in the first quarter. Quanta posted adjusted earnings of $1.78 per share on revenue of $6.23 billion. The results appealed to analysts earnings of $1.67 and $5.86 billion in revenue per fact set. Carrier Global – manufacturers of heating and cooling products rose 11% after hiking year-round guidance. The carrier has increased adjusted earnings of $3-$3.10 per share from previous guidance of $2.95-$3.05 per share. The results also stand ahead of the fact set consensus estimate of $2.98 per share. – Reported by CNBC’s Lisa Kailai Han, Pia Singh, Michelle Fox, Jesse Pound and Darla Mercado.
