Check out the companies making headlines in midday trading.
Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion. The results blew past expectations with the company earning $15.79 per share vs.
the consensus estimate of $9.54.
Twitter — The social media company’s shares plunged 13% in midday trading after its user growth results and second-quarter revenue guidance fell short of analysts’ forecasts. Twitter’s EPS and revenue topped expectations.
Gilead — Shares of the biotech company dipped about 1.3% after missing on the top and bottom lines of its quarterly results. Gilead Sciences reported EPS of $2.08 on revenue of $6.42 billion. Analysts expected EPS of $2.09 per share on revenue of $6.75 billion.
Exxon Mobil — The oil giant’s shares slid 1.9% despite the company returning to profitability and snapping four straight quarters of losses. Exxon beat...read more...