Check out the companies making headlines in the midday trading: Spotify – Music Streaming Company’s stock lost 3.8% in disappointing results. Spotify reported operating profit of 559 million euros for the first quarter, while Analyst was voted by Factset. Spotify’s 4.2 billion euros revenue was in line with estimates, but 678 million monthly active users met the company’s guidance. General Motors – Shares fell 2% after automakers said they were rethinking their full-year outlook due to concerns over tariffs and macroeconomic uncertainty. That entry overshadowed revenue reports that exceeded first quarter expectations. HIMS & HERS HEALTH – Shares in TeleHealth Company rose 26% following news that Novo Nordisk will offer weight loss medication through HIMS’s platform and Ro and Lifemd. Royal Caribbean – The stock slipped nearly 2% after cruise operators reported mixed results for the first quarter. Adjusted earnings were $2.71 per share, exceeding the expected $2.55 per share expected by analysts voted by FactSet. It was revenue of $4 billion, and I was slightly embarrassed by the consensus estimate of $4.01 billion. Deutsche Bank – Stocks in German banks rose 3.5%. Lenders saw a 39% increase in profits in the first quarter, in addition to a 10% increase in net revenues in the company’s investment banking segment. Regeneron – The biotechnology company slid 8.8% after a full-year outlook with first quarter revenue errors and reduced total margins. Regeneron earned $8.22 per share, adjusted with revenue of $3.03 billion, while Analyst surveyed analysts in Factset’s forecasts earning $8.62 per share, earning $3.25 billion. SOFI Technology – FinTech Bank added 1% after its first quarter net revenue exceeded expectations. Sofi posted a adjusted $770.7 million, breaking the consensus estimate from analysts surveyed by FactSet. Waste Management – Garbage collection and recycled inventory fell approximately 1% after first quarter revenues were lighter than expected. Waste Management reported revenue of $6.02 billion below analysts’ forecast of $61 billion, according to Factset. Pfizer – Stocks rose 3% after drug makers announced expanding their cost-cutting initiatives, saying their first quarter profits have preceded Wall Street expectations. However, Pfizer recorded a decline in sales due to further slides in revenue from the COVID vaccine. Pfizer had stabilized its guidance for 2025, but the company said it still doesn’t know how tariffs will affect its business. Honeywell – Manufacturing and technology companies raised 4.5% with revenues better than expected in the first quarter. Honeywell earned $2.51 per share and $9.82 billion excluding items, while analysts closed revenue of $2.21 per share and $9.59 billion per FactSet. BP – U.S. stocks in the UK oil giant have retreated almost 3% after net profit missed street forecasts. BP recorded $1.38 billion in underlying replacement cost profit (representation of net profit) in the first quarter, but analysts examined by LSEG were expecting $1.6 billion. NXP Semiconductors – Chip stock fell 8%. The company beat expectations on both lines, but the company announced that Rafael Sotomayor will replace Kurt Seavers as CEO. Leggett & Platt – Stocks skyrocketed 27% after bedding product manufacturers repeated their year-round outlook. Executives said they should get net profits from tariffs, but the company warned that duties can strain consumer trust and demand, as well as boost inflation. Sherwin-Williams – Painting and coatings company rose about 5% after recording earnings per share better than expected and reaffirmed full-year guidance. However, Sherman Williams recorded revenue of $5.31 billion and lacked a consensus estimate of $5.4 billion from fact set. Welltower – Healthcare Real Estate Investment Trust stocks rose 1.5% in an unexpected first quarter result. Welltower recorded revenue of $2.42 billion, but Analyst was estimated to have voted by Factset. Woodward – Manufacturing stock added 2% after posting second-quarter adjusted revenue of $1.69 per share against $884 million in revenue. Analysts voted by FactSet were expecting profits of $1.46 per share and revenues of $835.2 million. Woodward has also raised the bottom edge of both the full year revenue and revenue guidance range. Universal Health Services – Healthcare facility operators lost nearly 2% after recording $41 billion in first quarter revenue, while Factset Consensus forecast was $4.15 billion. However, the company won $4.84 per share excluding items, breaking its forecast of $4.35 per share on the street. Cadence Design System – Electronics Design Stock rose 3.9%. The company recorded first-quarter earnings of $1.57 per share, surpassing its LSEG consensus estimate of $1.49 per share, excluding items. Cadence’s revenues for the quarter were in line with expectations of $1.24 billion. – Reported by CNBC’s Michelle Fox, Hakyung Kim, Pia Shin, Lisa Han, Jesse Pound and Sarah Min.
