Stocks making the biggest moves midday: 3M, McDonald’s, Tesla, Eastman Kodak and more

Stocks making the biggest moves midday: 3M, McDonald’s, Tesla, Eastman Kodak and more

Traders wearing masks arrive before the opening bell at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City.

Johannes Eisele | AFP | Getty Images

Check out the companies making headlines in midday trading. 

McDonald's “” Shares of the restaurant chain slipped more than 2% after the company reported a 30% decline in revenue during the second quarter. Global comparable restaurant sales slid 23.9%, which was wider than the 22.8% decline expected by analysts. U.S. comparable sales fell 8.7%, which was, however, ahead of the expected 10.6% decline.

Pfizer “” Shares of the drug maker jumped 3.5% after reporting better-than-expected quarterly earnings. The company reported adjusted earnings of 78 cents per share, higher than the 66 cents per share projected by analysts surveyed by Refinitiv. Revenue fell 11% to $11.8 billion from $13.26 billion during the same quarter last year, but Wall Street saw it as good news since it was more than the $11.5 billion analysts expected. Pfizer also raised its full-year outlook. 

3M “” Shares of 3M dropped 4.5% after the industrial conglomerate reported disappointing quarterly profit and revenue. The company earned $1.78 per share in the last quarter, 2 cents a share below estimates, according to Refinitiv. Its net sales also fell