Stocks moving the most at noon: Meta, McDonald’s, Teladoc, Ford and more

Find out which companies are making headlines in the midday business.

Meta Platforms – Shares of the company formerly known as Facebook jumped 17% after posting mixed first-quarter results. The company posted a beating in profits, but a disappointing shortfall. It also saw the number of daily active users increase after a decline in the fourth quarter.

McDonald’s – Shares of the restaurant chain gained 3% after first-quarter revenue beat expectations. McDonald’s reported first-quarter revenue of $5.67 billion versus $5.59 billion expected by analysts, according to Refinitiv. The company posted same-store sales growth of 3.5% in the United States and even higher in international markets, ahead of estimates compiled by StreetAccount.

Qualcomm – Qualcomm’s share price jumped more than 7% after its latest earnings report showed that the company’s four semiconductor businesses grew in the last quarter. Qualcomm reported adjusted earnings per share of $3.21 on revenue of $11.16 billion. Analysts polled by Refinitiv had expected earnings of $2.91 per share on revenue of $10.60 billion.

Ford – The automaker’s shares fell 2% after the company said its stake in Rivian dragged down profits last quarter. Ford reported adjusted earnings per share of 38 cents on $32.1 billion in revenue. Analysts polled by Refinitiv had expected earnings of 37 cents per share on $31.13 billion in revenue.

Caterpillar – Shares of the machinery company fell more than 3% despite a first-quarter report that beat earnings estimates. Caterpillar reported adjusted earnings per share of $2.88 on revenue of $13.59 billion. Analysts polled by Refinitiv had forecast $2.60 in earnings per share on $13.40 billion in revenue. The company’s sales growth slowed from the fourth quarter and operating profit margins narrowed year-over-year.

PayPal – Shares of PayPal jumped 9% after falling first-quarter revenue. The stock rose even as the payments company released weak guidance for the second quarter and full year.

Mastercard – Shares of Mastercard gained 4.6% after a beating on the top and bottom lines during the last quarter. For the first time since the start of the pandemic, the company said cross-border travel exceeded 2019 levels.

Comcast – Comcast shares fell more than 6% despite analysts’ expectations of higher and lower results as growth in broadband subscriptions slowed. The company beat analysts’ estimates on the metric, but noted that about 80,000 of subscribers were free internet customers.

Southwest Airlines – Shares of Southwest Airlines rose 2% after reporting a bigger-than-expected loss but lagging revenue in the latest quarter. The company reaffirmed its guidance for the second quarter and said it expects revenue in that period to top that of 2019 despite lower flight numbers.

Pinterest — Pinterest’s stock price jumped more than 7% after falling profits. On Wednesday, the image-sharing company reported adjusted earnings of 10 cents per share and revenue of $575 million. By comparison, analysts polled by Refinitiv had expected 4 cents a share on revenue of $573 million.

Eli Lilly – The drugmaker shares 3.7% after the company released clinical trial results showing its obesity drug tirzepatide helped patients lose up to 22.5% % of their weight. Eli Lilly also reported better-than-expected first-quarter earnings and revenue and raised its full-year revenue forecast.

Teladoc – Shares of the telehealth service fell 45% after the company reported earnings for its latest quarter and weaker-than-expected revenue guidance, after which at least six Wall Street firms issued downgrades ‘stock.

ServiceNow – ServiceNow shares rose 7.9% after a beating of the top and bottom numbers in the last quarter. The company posted adjusted earnings per share of $1.73 on revenue of $1.72 billion. Analysts had expected $1.70 per share and $1.70 billion in revenue, according to FactSet’s StreetAccount.

– CNBC’s Jesse Pound, Tanaya Machele and Sarah Min contributed reporting

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