Check out the companies making headlines in the midday trading: Etsy – Ecommerce companies saw stocks falling 9%. Lanny Baker, Chief Financial Officer of Etsy, said the company remains “agile in the face of uncertainty” in the tariff announcement and the liquidity of consumer confidence in our core markets.” Etsy has posted revenues separately that exceeded its first quarter expectations. Seagate scored $1.90 per share, earnings of $2.16 billion, and Analyst had forecast $1.74 per share with $2.2 billion in revenue Quarter – Super Microcomputer – Server makers saw their shares plummeted more than 14% after a preliminary result that exceeded expectations for the third quarter, which ended March 31. Oddity Tech – IL Makiage’s beauty retailers and owners won 23% after boosting their outlook. The current fiscal year’s oddity is projected to revenues of between $790 and $798 million, up from the previous range of $776 million to $785 million. The company’s first quarter results also surpassed expectations. Oddity CFO Lindsay Drucker Mann told CNBC that the company has “many offsetting capabilities” to manage tariffs. Starbucks – Coach chain stocks fell almost 7% after quarter results for the second quarter did not reach estimates for the upper and lower lines. Starbucks reported an adjusted earnings of 41 cents per share with revenues of $8.76 billion. According to LSEG, analysts were looking for earnings per share and revenues of $8.82 billion. The company also said it expects some challenges from tariffs and volatile coffee prices for the remainder of the fiscal year. Brinker International – Stakes in Brinker International, which owns chains such as Chile and Magino’s Little Italy, have slipped 2%. The decline follows a 15% decline on Tuesday. Even as the company posted a third-quarter beat and raised full-year revenue guidance, some investors were selling their stocks in fear that Blinker’s growth would be unsustainable. Goldman Sachs has stuck to the stock purchase rating. Yum China – After Yum China spun from the Yum brand, the stock slipped 7%. The company posted first-quarter adjusted earnings of 77 cents per share, exceeding the 79 cents per share expected by analysts voted by FactSet. Revenue of $2.98 billion exceeded an estimated $3.09 billion. GE Healthcare Technologies – Medical Technology and Pharmaceutical Solutions providers rose 4% after GE Healthcare reported first quarter results more than expected. The company posted adjusted earnings of $1.01 per share on revenue of $4.788 billion, while analysts voted by LSEG were expected to earn 91 cents per share and $4.66 billion. Nike – Shares fell about 3% after athletic apparel maker downgraded from Wells Fargo to overweight weight. The company said the risk of tariff headwinds and recession could pose material risks to Nike’s revenues. The first solar-solar panel maker stocks fell 9%. First Solar recorded first-quarter earnings of $1.95 per share, with analysts sought at $2.49 per share voted by LSEG. The first solar also induced second quarter and full-year revenues, which were below expectations. – Reported by CNBC’s Jesse Pound, Michelle Fox Theobald, Alex Harring and Lisa Han.
