Try the businesses making headlines in noon buying and selling: Spotify — Shares of the music streaming firm misplaced 3.8% on the again of disappointing outcomes. Spotify reported first-quarter working earnings of 509 million euros, whereas analysts polled by FactSet anticipated 519.9 million euros. Spotify’s income of 4.2 billion euros was consistent with estimates, whereas its month-to-month energetic customers of 678 million met the corporate’s steerage. Basic Motors — Shares ticked down 2% after the automaker stated it was reconsidering its full-year outlook on account of considerations over tariffs and macroeconomic uncertainty. That admission overshadowed a better-than-expected earnings report for the primary quarter. Hims & Hers Well being — Shares of the telehealth firm soared 26% following information that Novo Nordisk will provide its weight reduction drug Wegovy by way of Hims’ platform, in addition to Ro and LifeMD. Royal Caribbean — The inventory slipped practically 2% after the cruise operator reported combined outcomes for its first quarter. Adjusted earnings have been $2.71 per share, topping the $2.55 per share anticipated from analysts polled by FactSet. Income got here in at $4 billion, simply shy of the $4.01 billion consensus estimate. Deutsche Financial institution — Shares of the German financial institution jumped 3.5%. The lender noticed its revenue surge 39% within the first quarter, along with a ten% acquire in internet income for the agency’s funding banking phase. Regeneron — The biotech firm slid 8.8% following a first-quarter earnings miss and a slashed full-year outlook for gross margin. Regeneron earned an adjusted $8.22 per share on $3.03 billion in income, whereas analysts surveyed by FactSet forecast $8.62 per share and $3.25 billion in income. SoFi Applied sciences — The fintech financial institution added 1% after first-quarter internet income topped expectations. SoFi posted an adjusted $770.7 million, beating the consensus estimate of $739 million from analysts surveyed by FactSet. Waste Administration — The rubbish assortment and recycling inventory dipped about 1% after first-quarter income got here in lighter than anticipated. Waste Administration reported $6.02 billion in income, under the $6.11 billion projected by analysts, in keeping with FactSet. Pfizer — Shares popped 3% after the drug maker introduced an growth of its cost-cutting initiatives and stated its first-quarter revenue got here in forward of Wall Road expectations. Nonetheless, Pfizer posted declining gross sales on account of additional slides in Covid vaccine income. Whereas Pfizer held its 2025 steerage regular, the corporate stated it was not but certain how tariffs would have an effect on the enterprise. Honeywell — The manufacturing and expertise firm rallied 4.5% on better-than-expected earnings for the primary quarter. Honeywell earned $2.51 per share, excluding gadgets, and $9.82 billion in income, whereas analysts penciled in $2.21 per share and income of $9.59 billion, per FactSet. BP — U.S. shares of the British oil large retreated practically 3% after internet revenue missed the Road’s prediction. BP posted $1.38 billion in underlying substitute price revenue — a proxy for internet revenue — within the first quarter, whereas analysts surveyed by LSEG anticipated $1.6 billion. NXP Semiconductors — The chip inventory tumbled 8%. Whereas the corporate beat expectations on each strains, the corporate introduced Rafael Sotomayor will change Kurt Sievers as CEO. Leggett & Platt — Shares surged 27% after the bedding merchandise producer reiterated its full-year outlook. Executives stated they need to see a internet profit from tariffs, however the firm cautioned that the duties might weigh on shopper confidence and demand, and will additionally push inflation up. Sherwin-Williams — The portray and coating firm superior about 5% after posting better-than-expected earnings per share and reaffirming full-year steerage. Nonetheless, Sherman-Williams recorded $5.31 billion in income, lacking the $5.40 billion consensus estimate from FactSet. Welltower — Shares of the health-care actual property funding belief rose 1.5% on better-than-anticipated first-quarter outcomes. Welltower recorded $2.42 billion in income, whereas analysts polled by FactSet estimated $2.34 billion. Woodward — The manufacturing inventory added 2% after posting fiscal second-quarter adjusted earnings of $1.69 per share on income of $884 million. Analysts polled by FactSet had anticipated earnings of $1.46 per share and income of $835.2 million. Woodward additionally raised the decrease finish of each its full-year earnings and income steerage ranges. Common Well being Companies — The health-care facility operator misplaced practically 2% after posting $4.10 billion in first-quarter income, lacking the FactSet consensus forecast of $4.15 billion. However the firm earned $4.84 per share, excluding gadgets, beating the Road’s prediction of $4.35 per share. Cadence Design Techniques — The electronics design inventory superior 3.9%. The corporate posted first-quarter earnings of $1.57 per share, excluding gadgets, surpassing the LSEG consensus estimate of $1.49 per share. Cadence’s income for the quarter got here consistent with expectations at $1.24 billion. — CNBC’s Michelle Fox, Hakyung Kim, Pia Singh, Lisa Han, Jesse Pound and Sarah Min contributed reporting.
