Here’s a look at companies that are trending during midday trading: T-Mobile — Its shares dropped 11% after the company fell short of Wall Street’s expectations for wireless subscribers in the first quarter. T-Mobile reported adding 495,000 postpaid phone users, while analysts anticipated 504,000 additions. Alphabet — The parent company of Google saw a gain of about 2% following stronger-than-expected first-quarter earnings. Alphabet posted earnings of $2.81 per share on revenues of $90.23 billion, surpassing analyst projections of $2.01 per share and $89.12 billion in revenue. Skechers — Shares fell 4.8% due to revenue results that didn’t meet expectations for the first quarter, along with the withdrawal of its 2025 guidance amid “macroeconomic uncertainty linked to global trade policies.” Despite this, the company’s earnings did exceed analyst estimates. Gilead Sciences — The biopharmaceutical company experienced a 2.5% decline after reporting first-quarter revenue of $6.67 billion, falling short of the $6.81 billion consensus forecast. However, it did post earnings of $1.81 per share, which beat Wall Street’s estimate of $1.79 a share. Saia — Shares of this shipping company dropped 31% after first-quarter results fell below expectations and indicated a slowdown in March. Saia reported earnings of $1.86 per share on $787.6 million in revenue, while analysts were looking for $2.76 per share and $812.8 million in revenue. BMO Capital Markets downgraded the stock from outperform to market perform, citing “company-specific” issues. Intel — Shares of the chipmaker fell 7% after it missed investor expectations for the current quarter. Intel forecasts revenue of $11.8 billion for the June quarter, while the consensus was $12.82 billion, according to LSEG data. The company also announced plans to cut both operational and capital expenditure. Boston Beer — Shares of the brewer of Samuel Adams rose over 1% after reporting better-than-expected first-quarter results. Boston Beer achieved earnings of $2.16 per share on $453.9 million in revenue, while analysts expected 56 cents per share and $435.6 million in revenue. However, the company warned that tariffs might impact its earnings for the full year. Tesla — Led by Elon Musk, the electric vehicle company’s stock surged 10%. Shares have increased more than 17% this week as the wider market continues its recovery from a major sell-off throughout most of April. — Reporting contributions from CNBC’s Jesse Pound, Alex Harring, and Sean Conlon. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! In an unpredictable market? Gain an advantage by attending CNBC Pro LIVE, an exclusive inaugural event at the historic New York Stock Exchange. In today’s fast-paced financial world, expert insights are crucial. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Participate in interactive Pro clinics led by Carter Worth, Dan Niles, and Dan Ives, along with a special Pro Talks session featuring Tom Lee. You’ll also have the chance to network with CNBC experts and fellow Pro subscribers during an exciting cocktail hour on the famous trading floor. Tickets are limited!
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