Stocks making the biggest moves midday: Twitter, Amazon, Skyworks & more

Stocks making the biggest moves midday: Twitter, Amazon, Skyworks & more

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 top and bottom line estimates during the period, earning 65 cents per share on an adjusted basis, while posting revenue of $59.15 billion. Analysts surveyed by Refinitiv were expecting the company to earn 65 cents per share on $54.6 billion