Check out the companies that made the biggest moves midday: Texas Instruments — The semiconductor stock soared 19% after the company said it expected current-quarter earnings to be in the range of $1.77 to $2.05 per share, compared to the consensus of $1.57 per share, according to LSEG. Similarly, the company expects revenue to be between $5.0 billion and $5.4 billion, compared to analysts’ expectations of $4.86 billion. Texas Instruments also had its best performance in the first quarter, both in terms of sales and bottom line. American Airlines — The company’s stock rose more than 4% after first-quarter numbers beat expectations. American Airlines has lowered its full-year earnings forecast, citing rising fuel costs. Penn Entertainment — Gaming shares rose 15% after the company’s first-quarter results beat expectations, helped by strong performance in its regional casino and interactive divisions. Wex — Shares fell 17% after the company, which processes payments for commercial and government vehicles, urged shareholders to vote only for Wex on board candidates. Investor Lauren Taylor Wolf’s Impactive Capital is considering replacing a third of Wex’s board. United Rentals — Shares rose more than 23% after the equipment rental company raised its full-year revenue forecast to a range of $16.9 billion to $17.4 billion. The company said it expects momentum heading into its busiest season. Honeywell — Shares of this industrial giant fell 2.6% after the company reported mixed first-quarter results and issued a lackluster second-quarter outlook. First-quarter adjusted earnings were $2.45 per share, beating LSEG’s expectations of $2.32 per share, but revenue was $9.1 billion, below consensus. The company expects second-quarter EPS to be between $2.35 and $2.45, below FactSet’s estimate of $2.56. Lululemon — The athleisure company’s stock price fell more than 11% after the company announced that Heidi O’Neal will become its new CEO. Mr. O’Neill will take office on September 8th. She has previously worked at Nike, Levi Strauss, Hyatt Hotels, and Spotify. Nokia — Shares soared 11% after the company reported slightly above profit and below revenue in its first quarter report. Operating profit exceeded expectations, and the carrier added guidance toward the high end of its full-year outlook. Mobileye Global — Shares of the self-driving technology company rose 5% after the company reported better-than-expected first-quarter results. Mobileye earned an adjusted profit of 12 cents per share on revenue of $558 million. Analysts polled by FactSet expected revenue of $519.9 million and earnings of 8 cents a share. The full-year earnings outlook also exceeded expectations. Avis Car Budget — The car rental company’s stock price fell more than 43%, adding to a steep 37.8% decline from Wednesday. The stock price is up more than 71% in the month. International Business Machines — The tech giant’s stock fell 9% after IBM failed to raise its full-year outlook despite beating earnings. According to LSEG, IBM’s first quarter earnings per share excluding items were $1.91, beating expectations of $1.81. Sales also exceeded expectations of $15.62 billion at $15.92 billion. Tesla — Shares fell more than 3% after CEO Elon Musk warned of a significant increase in capital spending to fund the company’s self-driving and humanoid robot ambitions. Shares rose as much as 4% shortly after the company announced first-quarter adjusted earnings per share of 41 cents, beating the 37 cents expected by analysts compiled by LSEG. However, Tesla’s revenue of $22.39 billion fell short of the consensus estimate of $22.64 billion. CSX — Transportation shares soared 7% after the company posted first-quarter earnings of 43 cents a share, beating the 39 cents expected by analysts surveyed by FactSet. However, CSX’s revenue of $3.48 billion was slightly below expectations of $3.49 billion. Southwest Airlines — Shares fell 2.5% after the airline posted first-quarter adjusted earnings of 45 cents a share on revenue of $7.27 billion, but fell short of analysts’ expectations of 47 cents a share and revenue of $7.27 billion, according to FactSet. ServiceNow — The AI-powered software company reported first-quarter revenue and revenue that beat Wall Street expectations. However, the integration of recent acquisition Armis weighed on the company’s outlook, and the stock price fell more than 18%. The company’s full-year 2026 subscription revenue, including Armis’ cybersecurity business, is expected to increase more than 22% to a range of $15.74 billion to $15.78 billion. Previously, the company had expected subscription revenue to be $15.55 billion. Molina Healthcare — The company’s stock rose 10.3% after the company reaffirmed its 2026 forecast. Molina had first-quarter sales of $10.8 billion and earned earnings of $2.35 per share, excluding items. Analysts surveyed by FactSet expected Mr. Molina to post earnings of $10.87 billion and revenue of $1.90 per share. —CNBC’s Lisa Kailai Han and Davis Giangiulio Cristina Cheddar Burke contributed reporting.
