Take a look at the corporations making headlines in noon buying and selling: Spotify — Stocks of the track streaming corporate misplaced 3.8% at the again of disappointing effects. Spotify reported first-quarter running source of revenue of 509 million euros, generation analysts polled by means of FactSet anticipated 519.9 million euros. Spotify’s earnings of four.2 billion euros used to be in layout with estimates, generation its per thirty days energetic customers of 678 million met the corporate’s steering. Common Motors — Stocks ticked ailing 2% then the automaker mentioned it used to be reconsidering its full-year outlook because of considerations over price lists and macroeconomic hesitancy. That admission overshadowed a better-than-expected income file for the primary quarter. Hims & Hers Fitness — Stocks of the telehealth corporate soared 26% following information that Novo Nordisk will trade in its weight reduction drug Wegovy via Hims’ platform, in addition to Ro and LifeMD. Royal Caribbean — The retain slipped just about 2% then the cruise operator reported combined effects for its first quarter. Adjusted income had been $2.71 consistent with proportion, topping the $2.55 consistent with proportion anticipated from analysts polled by means of FactSet. Earnings got here in at $4 billion, simply shy of the $4.01 billion consensus estimate. Deutsche Store — Stocks of the German vault jumped 3.5%. The lender noticed its benefit surge 39% within the first quarter, along with a ten% achieve in web earnings for the company’s funding banking department. Regeneron — The biotech corporate slid 8.8% following a first-quarter income omit and a slashed full-year outlook for improper margin. Regeneron earned an adjusted $8.22 consistent with proportion on $3.03 billion in earnings, generation analysts surveyed by means of FactSet forecast $8.62 consistent with proportion and $3.25 billion in earnings. SoFi Applied sciences — The fintech vault added 1% then first-quarter web earnings crowned expectancies. SoFi posted an adjusted $770.7 million, beating the consensus estimate of $739 million from analysts surveyed by means of FactSet. Misspend Control — The rubbish assortment and recycling retain dipped about 1% then first-quarter earnings got here in lighter than anticipated. Misspend Control reported $6.02 billion in earnings, beneath the $6.11 billion projected by means of analysts, in step with FactSet. Pfizer — Stocks popped 3% then the drug maker introduced a spread of its cost-cutting tasks and mentioned its first-quarter benefit got here in forward of Wall Side road expectancies. Then again, Pfizer posted declining gross sales because of additional slides in Covid vaccine earnings. Moment Pfizer held its 2025 steering stable, the corporate mentioned it used to be now not but positive how price lists would have an effect on the industry. Honeywell — The producing and era corporate rallied 4.5% on better-than-expected income for the primary quarter. Honeywell earned $2.51 consistent with proportion, except pieces, and $9.82 billion in earnings, generation analysts penciled in $2.21 consistent with proportion and earnings of $9.59 billion, consistent with FactSet. BP — U.S. stocks of the British oil immense retreated just about 3% then web benefit ignored the Side road’s prediction. BP posted $1.38 billion in underlying substitute charge benefit — a proxy for web benefit — within the first quarter, generation analysts surveyed by means of LSEG anticipated $1.6 billion. NXP Semiconductors — The chip retain tumbled 8%. Moment the corporate beat expectancies on each traces, the corporate introduced Rafael Sotomayor will change Kurt Sievers as CEO. Leggett & Platt — Stocks surged 27% then the bedding merchandise producer reiterated its full-year outlook. Executives mentioned they will have to see a web get pleasure from price lists, however the corporate cautioned that the tasks may just weigh on shopper self assurance and insist, and may just additionally push inflation up. Sherwin-Williams — The portray and coating corporate complicated about 5% then posting better-than-expected income consistent with proportion and reaffirming full-year steering. Then again, Sherman-Williams recorded $5.31 billion in earnings, lacking the $5.40 billion consensus estimate from FactSet. Welltower — Stocks of the fitness help actual property funding accept as true with rose 1.5% on better-than-anticipated first-quarter effects. Welltower recorded $2.42 billion in earnings, generation analysts polled by means of FactSet estimated $2.34 billion. Woodward — The producing retain added 2% then posting fiscal second-quarter adjusted income of $1.69 consistent with proportion on earnings of $884 million. Analysts polled by means of FactSet had anticipated income of $1.46 consistent with proportion and earnings of $835.2 million. Woodward additionally raised the decrease finish of each its full-year income and earnings steering levels. Common Fitness Services and products — The health-care facility operator misplaced just about 2% then posting $4.10 billion in first-quarter earnings, lacking the FactSet consensus forecast of $4.15 billion. However the corporate earned $4.84 consistent with proportion, except pieces, beating the Side road’s prediction of $4.35 consistent with proportion. Cadence Design Programs — The electronics design retain complicated 3.9%. The corporate posted first-quarter income of $1.57 consistent with proportion, except pieces, surpassing the LSEG consensus estimate of $1.49 consistent with proportion. Cadence’s earnings for the quarter got here in layout with expectancies at $1.24 billion. — CNBC’s Michelle Fox, Hakyung Kim, Pia Singh, Lisa Han, Jesse Pound and Sarah Min contributed reporting.
