Take a look at the companies making headlines in midday trading: Uber Technologies – Shares of the ride-hailing giant fell 5.7% after posting mixed first-quarter results. The company’s total revenue beat expectations, coming in at $10.13 billion versus analysts’ estimates of $10.11 billion at LSEG. However, the company posted a loss of 32 cents per share. Analysts had forecast earnings of 23 cents per share. Reddit — Shares rose about 4.1% after the social media platform reported better-than-expected revenue and robust daily active user growth in its debut report. Revenue was $243 million, beating the $212.8 million expected by analysts surveyed by LSEG. Intel—Shares of the chipmaker fell 2.2% after issuing revised second-quarter guidance. Intel said it now expects revenue for the quarter to be less than $13 billion after the U.S. Commerce Department revoked export licenses for Chinese company Huawei. Lyft — Shares of the ride-sharing company rose 7.1% after the company reported faster-than-expected first-quarter growth. Lyft reported revenue of $1.28 billion, above the FactSet consensus of $1.16 billion. Total bookings also topped estimates. Shopify — Shares fell nearly 19% as the company’s disappointing revenue and profit guidance for the current quarter overshadowed better-than-expected results in the last reporting period. According to LSEG, Shopify forecast revenue growth in the high teens as a percentage year-over-year, which is in line with Street estimates but still represents a slowdown from recent quarters. Electronic Arts — Video game shares fell more than 3% after the company reported weak results for its fiscal fourth quarter. EA reported adjusted earnings of $1.37 per share and $1.67 billion in net reserves. Analysts surveyed by FactSet expected earnings of $1.52 per share on revenue of $1.78 billion. The forecast for the current quarter also came in below expectations. Rivian Automotive — Shares of the electric vehicle maker rose 0.2% after the company announced quarterly earnings. Rivian said it lost nearly $39,000 on every vehicle it delivered in the first quarter. Coupang – The South Korean e-commerce company lost 9.3%. Adjusted earnings for the first quarter were in line with estimates, while revenue was slightly above analysts’ estimates, according to FactSet. Meanwhile, net profit fell due to Coupang’s January acquisition of luxury online retailer Farfetch. Toast — Shares of the cloud-based restaurant management software company rose 13% on the earnings call. Toast reported first-quarter revenue of $1.08 billion, beating analysts’ estimates of $1.04 billion, according to FactSet. Arista Networks – Shares jumped 6.5% after the company reported better-than-expected first-quarter results . Arista reported earnings per share of $1.99 on revenue of $1.57 billion. Analysts surveyed by LSEG estimated earnings per share of $1.74 on revenue of $1.55 billion. Tripadvisor – Shares fell about 29%. The travel booking company announced that its special committee had not identified any potential transactions with third parties that would be in the best interests of shareholders. Dutch Bros — Shares of the coffee chain jumped 11.8% after first-quarter results came in better than expected. Dutch Bros reported adjusted earnings of 9 cents per share on revenue of $275.1 million. Analysts polled by FactSet expected earnings per share of just 1 cent on revenue of $255.6 million. Twilio – Shares fell by 7.5% after the cloud communications company gave disappointing guidance for the second quarter. Twilio said it expects revenue to range from $1.05 billion to $1.06 billion, compared with the FactSet consensus estimate of $1.08 billion. Confirm – Shares fell 9.5% despite the company’s results for The company’s “buy now, pay later” approach beat Wall Street estimates for its fiscal third quarter. Affirm lost 43 cents per share on revenue of $576 million. Analysts polled by LSEG expected a loss of 70 cents per share on revenue of $549 million. Match Group, the dating app, fell 5.4% after releasing below-expected second-quarter guidance. Match’s revenue is projected to be between $850 million and $860 million. Meanwhile, analysts polled by StreetAccount had forecast $882.7 million. Teva Pharmaceuticals – Shares rose nearly 13% after the company reported better-than-expected first-quarter revenue. Revenue was $3.82 billion, compared with analysts surveyed by FactSet who had forecast $3.73 billion. Management highlighted “robust growth” in the generics business, as well as the migraine drug Ioway and the Huntington’s disease treatment Austedo. —Reporting by CNBC’s Samantha Subin, Tanaya Machil, Michelle Fox and Alex Harring.
