Stocks making the biggest moves midday: Palantir, Tesla, DoorDash, Ford and more
Check out the companies making headlines in midday trading. Palantir — Shares tumbled 13.4%. Palantir posted $884 million in first-quarter revenue , while analysts polled by LSEG penciled in $863 million. However, earnings per share came in line with Wall Street expectations at 13 cents. Ford Motor – The automaker advanced 3.2% on better-than-expected first-quarter results, reversing an earlier decline. Ford reported adjusted earnings of 14 cents per share on $37.42 billion in revenue. Analysts surveyed by LSEG expected earnings of 2 cents per share and revenue of $36.21 billion. To be sure, management suspended its 2025 guidance , citing "near-term risks, especially the potential for industrywide supply chain disruption impacting production." Upwork – Shares of the freelance marketplace platform popped 19% after the company reported a beat for both adjusted earnings and revenue for its first quarter. Upwork also lifted its full-year guidance for adjusted earnings. Tesla — The electric vehicle stock slipped 2% after data released on Tuesday showed that new car sales tumbled to a two-year low in the UK and Germany. Sales figures respectively plummeted 62% and 46% year over year for the two countries, although demand for electric vehicles still rose for both. Hims & Hers Health – Shares jumped 10.4% after the telehealth company reported a top- and bottom-line beat for the first quarter. Earnings came in at 20 cents per share, topping a consensus forecast for 12 cents per share, per LSEG. Revenue of $586 million also beat expectations for $538 million. To be sure, Hims guided for lighter-than-expected revenue in its second quarter. The telehealth provider forecast revenue to come in between $530 million to $550 million, missing the $564.6 million that analysts polled by FactSet had penciled in. DoorDash – Shares tumbled 6.8% after the food-delivery company's first-quarter revenue of $3.03 billion came below the LSEG consensus of $3.09 billion. DoorDash also announced a $1.2 billion acquisition of restaurant booking platform SevenRooms, which comes after British food delivery service Deliveroo also agreed to a takeover offer from DoorDash. Neurocrine Biosciences – The biopharmaceutical stock soared more than 9% after the company reported better-than-expected first-quarter revenue. Sales of Ingrezza, which is used to treat movement disorders, also rose 8% year over year to $545 million. Vertex Pharmaceuticals – The biotech stock plunged 13.2% on the back of weaker-than-expected quarterly results. Adjusted earnings of $4.06 per share came below the $4.32 per share LSEG estimate. Revenue came in at $2.77 billion, missing a forecast of $2.85 billion. Clorox — Shares of the cleaning products manufacturer shed 2.2% on weak fiscal third-quarter results. Clorox reported adjusted earnings of $1.45 per share on revenue of $1.67 billion during the period. Analysts polled by LSEG expected earnings of $1.57 per share on $1.73 billion in revenue. Lattice Semiconductor — The chip stock fell 12.3% after first-quarter earnings and revenue both were in line with consensus estimates. Lattice issued current-quarter forward revenue guidance between $118.5 million and $128.5 million, while analysts polled by LSEG expected $123.6 million. Adjusted earnings are estimated to range between 22 cents and 26 cents per share, versus the 24 cents per share analysts forecasted. Marriott International — The hotel and resorts company added more than 2% after posting a top- and bottom-line beat in the first quarter. Marriott reported adjusted earnings of $2.32 per share on $6.26 billion in revenue. Analysts surveyed by LSEG estimated earnings of $2.25 per share on revenues of $6.17 billion. Constellation Energy — The oil stock rallied 11.4% on better-than-expected top-line results for the first quarter. Constellation reported $6.79 billion in revenue, above the $5.44 billion expected by analysts surveyed by FactSet. — CNBC's Lisa Kailai Han, Michelle Fox, Alex Harring, Sean Conlon contributed reporting
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