Check out the companies making headlines in midday trading. Nvidia – Shares dropped 8.5% despite the chipmaker’s fourth-quarter earnings and revenue and current quarter revenue forecast beating analyst estimates. Nvidia’s fourth-quarter gross profit margin declined, and its latest revenue topped forecasts by the smallest amount in two years . EBay – The e-commerce platform slumped 8.2% after first-quarter revenue guidance missed Wall Street’s expectations. EBay forecast revenue in the current quarter between $2.52 billion and $2.56 billion, while analysts were estimating $2.59 billion, according to LSEG. Trailing fourth-quarter earnings and revenue beat expectations. Rolls-Royce – American depositary receipts of the British jet engine maker jumped 14.3% on the heels of better-than-expected full-year earnings and updated its mid-term guidance. The board also authorized a 1 billion pound, or $1.27 billion, share buyback and reinstated a dividend for the first time since the pandemic. Teladoc Health – Shares of the virtual health-care services provider slid 13.6% after a wider-than-expected fourth quarter loss and a weaker-than-expected first-quarter revenue outlook. Teladoc lost 28 cents per share in the latest quarter, worse than the loss of 24 cents per share analysts surveyed by LSEG had anticipated. For the current quarter, Teladoc expects revenue of $608 million to $629 million, lower than the consensus estimate of $632.9 million. Nutanix — Shares of the cloud computing company jumped 10.4% on the back of a strong quarterly report. Nutanix earned an adjusted 56 cents per share on revenue of $655 million in its fiscal second quarter, while analysts surveyed by LSEG had estimated earnings of 47 cents per share on $642 million in revenue. Snowflake – The data cloud analytics company gained 4.5% after fourth quarter results topped Street estimates. Snowflake earned an adjusted 30 cents per share on $987 million in revenue, above the 17 cents per share and $956 million in revenue that analysts surveyed by LEG had estimated. Mara Holdings – The crypto miner jumped 5.5% on better-than-expected fourth-quarter revenue of $214.4 million, while analysts polled by FactSet were expecting $187.8 million. Warner Bros. Discovery – The HBO Max and CNN parent popped 4.8% on the back of fourth-quarter earnings that beat analyst estimates. WBD posted adjusted EBITDA of $2.72 billion, above the $2.69 billion that analysts were expecting, according to FactSet. Revenue missed expectations. The company said it added 6.4 million subscribers in the quarter and forecast it will hit 150 million global subscribers by the end of 2026. Sterling Infrastructure – The construction services and infrastructure stock gained 0.8% on an upgrade to buy from neutral at D.A. Davidson. As catalysts, analyst Brent Thielman pointed to growing demand in Sterling’s e-infrastructure segment, which develops systems for data centers and e-commerce warehouses and distribution centers. C3.ai – Shares shed 9.7% even after the enterprise software company’s stronger-than-expected quarterly results. C3.ai lost 12 cents per share on $99 million in revenue. Analysts had forecast a loss of 25 cents per share and $98 million in revenue, according to LSEG. IonQ – The quantum computing stock slid 16.8% after fourth-quarter earnings and current-quarter guidance missed expectations. IonQ lost 93 cents per share, worse than the consensus forecast of a 25-cent loss from analysts polled by FactSet. IonQ said to expect between $7 million and $8 million in revenue for the current quarter, far below the $16.2 million penciled in by analysts. — CNBC’s Alex Harring, Lisa Kailai Han and Pia Singh contributed reporting.
Stocks making the biggest moves midday: NVDA, SNOW, RYCEY
