Check out the companies making headlines in midday trading: Uber Technologies — The ride-hailing giant fell 5.7% after posting mixed first-quarter results . The company’s overall revenue exceeded expectations, coming in at $10.13 billion versus analysts’ estimate of $10.11 billion, per LSEG. However, the company posted a loss of 32 cents per share. Analysts had forecast earnings of 23 cents per share. Reddit — Shares added roughly 4.1% after the social media platform reported stronger-than-expected revenue and robust daily active user growth in its debut report. Revenue came in at $243 million, topping the $212.8 million expected by analysts polled by LSEG. Intel — The chipmaker fell 2.2% after releasing revised second-quarter guidance. Intel said it now expects revenue below $13 billion for the quarter after the U.S. Department of Commerce revoked export licenses for China-based Huawei. Lyft — The ride-sharing company surged 7.1% after the company reported faster-than-expected growth in the first quarter. Lyft reported $1.28 billion in revenue, higher than the FactSet consensus of $1.16 billion. Total bookings also topped estimates. Shopify — Shares plummeted nearly 19% as the company’s disappointing revenue and profit guidance for the current quarter overshadowed better-than-expected results for the latest reporting period. Shopify forecast revenue growth at a high-teens percentage year over year, which is in line with the Street’s estimates, according to LSEG, but still represents a slowdown from recent quarters. Electronic Arts — The video game stock fell more than 3% after the company posted weak results for the fiscal fourth quarter. EA reported adjusted earnings of $1.37 per share and $1.67 billion in net bookings. Analysts surveyed by FactSet were expecting earnings of $1.52 per share on $1.78 billion of revenue. Guidance for the current quarter also fell below expectations. Rivian Automotive — Shares of the electric vehicle manufacturer inched up 0.2% after the company’s quarterly earnings announcement. Rivian said it lost nearly $39,000 per vehicle delivered in the first quarter. Coupang — The South-Korea based e-commerce company shed 9.3%. First-quarter adjusted earnings came in line with estimates, while revenue was slightly above analysts’ estimates, according to FactSet. Meanwhile, net income fell on Coupang’s acquisition of luxury online retailer Farfetch in January. Toast — The cloud-based restaurant management software company rallied 13% on the back of its earnings report. Toast posted first-quarter revenue of $1.08 billion, higher than analysts’ estimates of $1.04 billion, per FactSet. Arista Networks — Shares jumped 6.5% after the company reported better-than-expected first-quarter results. Arista reported $1.99 in earnings per share on $1.57 billion of revenue. Analysts surveyed by LSEG had estimated $1.74 in earnings per share on $1.55 billion of revenue. Tripadvisor — Shares plunged around 29%. The travel-booking company announced its special committee had not found any potential deals with third parties that are in the best interest of shareholders. Dutch Bros — The coffee chain jumped 11.8% after first-quarter results came in above expectations. Dutch Bros reported adjusted earnings of 9 cents per share on revenue of $275.1 million. Analysts polled by FactSet anticipated just 1 cent earned per share and $255.6 million in revenue. Twilio — The stock shed 7.5% after the cloud communications company gave disappointing guidance for its second quarter. Twilio said it expects revenue to range between $1.05 billion and $1.06 billion, versus FactSet’s consensus estimate of $1.08 billion. Affirm — Shares fell 9.5% even though the “buy now, pay later” company’s fiscal third-quarter results topped Wall Street estimates. Affirm lost 43 cents per share on $576 million of revenue. Analysts surveyed by LSEG were expecting a loss of 70 cents per share on $549 million of revenue. Match Group — The dating app fell 5.4% after issuing second-quarter guidance that was below expectations. Match projected between $850 million and $860 million of revenue. Meanwhile, analysts surveyed by StreetAccount were forecasting $882.7 million. Teva Pharmaceuticals — Shares advanced nearly 13% after the company reported better-than-expected revenue in the first quarter. Revenue came in at $3.82 billion, while analysts polled by FactSet called for $3.73 billion. Management highlighted “robust growth” in its generics business, as well as in migraine medication Ajovy and Huntington’s disease treatment Austedo. — CNBC’s Samantha Subin, Tanaya Macheel, Michelle Fox and Alex Harring contributed reporting.
