Meta, McDonald’s, Teladok, Ford and others

Check out the companies that make headlines in the afternoon trade.

Meta Platforms. Shares of the company formerly known as Facebook rose 17% after posting mixed first-quarter results. The company reported strong earnings but disappointing revenue losses. There was also an increase in daily active users after declining in the fourth quarter.

McDonald’s – Shares of the restaurant chain rose 3% after better-than-expected first-quarter revenue. McDonald’s reported first-quarter revenue of $5.67 billion, compared to $5.59 billion expected by analysts, according to Refinitiv. The company posted same-store sales growth of 3.5% in the US and even higher in international markets, ahead of estimates compiled by StreetAccount.

Qualcomm – Qualcomm’s share price is up more than 7% after the latest earnings report showed that all four of the company’s semiconductor divisions rose in the last quarter. Qualcomm reported adjusted earnings per share of $3.21 on revenue of $11.16 billion. Analysts polled by Refinitiv had forecast earnings of $2.91 per share on revenue of $10.60 billion.

Ford — The automaker’s shares tumbled 2% after the company said its stake in Rivian drove earnings down in the latest quarter. Ford reported adjusted earnings per share of 38 cents on revenue of $32.1 billion. Analysts polled by Refinitiv had forecast earnings of 37 cents per share on revenue of $31.13 billion.

Caterpillar – Shares in the engineering company tumbled more than 3%, even as its first-quarter report beat top and bottom estimates. Caterpillar reported adjusted earnings per share of $2.88 on revenue of $13.59 billion. Analysts polled by Refinitiv recorded earnings of $2.60 per share on revenue of $13.40 billion. The company’s sales growth slowed compared to the fourth quarter, and operating profit margins declined year-over-year.

PayPal – Shares of PayPal jumped 9% after a drop in first-quarter revenue. Shares rose even after the payment company issued weak guidance for the second quarter and full year.

Mastercard – Shares of Mastercard are up 4.6% after falling top and bottom lines in the latest quarter. The company said that for the first time since the start of the pandemic, cross-border travel exceeded 2019 levels.

Comcast – Comcast shares fell more than 6% despite beating analysts’ expectations for the top and bottom lines as broadband subscriber growth slowed. The company outperformed analyst estimates on this measure, but noted that approximately 80,000 subscribers were free internet users.

Southwest Airlines – Southwest Airlines shares rose 2% after the company reported larger-than-expected losses but lower earnings in the latest quarter. The company reiterated its guidance for the second quarter and said it expects revenue for the period to exceed 2019 despite fewer flights.

Pinterest – Pinterest’s share price jumped more than 7% after falling profits. On Wednesday, the image-sharing company reported adjusted earnings of 10 cents per share and revenue of $575 million. By comparison, analysts polled by Refinitiv expected earnings of 4 cents per share on $573 million in revenue.

Eli Lilly — The drug maker’s shares rose 3.7% after the company announced clinical trial results showing its obesity drug tirzepatide helped patients lose up to 22.5% of their weight. Eli Lilly also reported higher-than-expected first-quarter earnings and earnings and raised its full-year earnings guidance.

Teladoc — Telemedicine shares fell 45% after the company reported no earnings for the latest quarter and gave weaker-than-expected earnings guidance, after which at least six Wall Street firms downgraded the stock.

ServiceNow – ServiceNow shares gained 7.9% following a drop in the top and bottom lines in the most recent quarter. The company posted adjusted earnings of $1.73 per share on revenue of $1.72 billion. Analysts were expecting $1.70 per share and $1.70 billion in revenue, according to StreetAccount FactSet.

– CNBC’s Jesse Pound, Tana Machil and Sara Min provided reporting.

Disclosure: Comcast owns CNBC’s parent company, NBCUniversal.