February 23, 2024

POLAND – 2023/03/21: In this photo illustration the First Republic Bank logo is displayed on a smartphone with stock market percentages in the background. (Photo illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)

Sopa Pictures | Light Rocket | Getty Images

Check out the companies making headlines in midday trading.

first republic — Shares of the regional bank fell 43.3% after sources told CNBC’s David Farber that the most likely outcome for the First Republic is a takeover by the FDIC. However, sources said there was still hope for a bailout deal before regulators stepped in.

break off — Snapchat parent plunged about 17% after missing revenue estimates for the latest quarter. Snap’s revenue was down 6% from a year ago.

amazon — Amazon shares fell 4% as investors worried about the future of Amazon’s cloud business. The company beat estimates on adjusted earnings per share and revenue on Thursday.

Intel — Intel shares rose 4% even as the company posted its biggest quarterly loss on record, down 133% from a year ago. Even so, Intel reported a smaller-than-expected loss per share and better-than-expected revenue. Benchmark upgraded the chipmaker, saying the worst was already priced in for the stock.

Pinterest – Shares of Pinterest plunged 15.7% after sharing disappointing second-quarter guidance. The gains came even as the image-sharing company beat revenue and profit estimates.

Chartered Communications — Shares of Charter Communications surged 7.6% after Charter Communications beat revenue estimates last quarter, boosted by solid growth in its internet unit.

first solar — Shares of the solar company plunged 9.1% after its first-quarter results missed expectations. First Solar reported earnings of 40 cents per share on revenue of $548 million. Analysts were expecting earnings of $1.02 a share on revenue of $718 million, according to Refinitiv data.

Chevron — Energy shares rose 1 percent after the company beat estimates on first-quarter earnings and revenue. Strong results were driven by its refining business, which helped offset lower oil and gas production due to lower oil prices.

Exxon Mobil — Despite a pullback in oil prices, shares rose 1.3% after the oil major posted a record first-quarter profit before the market opened. Exxon’s adjusted earnings per share were $2.83, beating the $2.59 expected by analysts polled by Refinitiv. Its revenue of $86.56 billion also topped estimates of $85.41 billion.

Colgate-Palmolive — The consumer goods giant rose 2.4% after reporting quarterly earnings and revenue that topped expectations. Colgate also raised its annual organic sales forecast as prices for its pet nutrition products continue to rise and demand is strong.

TMobile — Telecom shares fell 4 percent after first-quarter revenue missed expectations, according to Refinitiv data. T-Mobile US reported revenue of $19.63 billion, missing estimates of $19.82 billion.

blooming brand — Outback parent company rose 5.1 percent after its earnings report beat analysts’ expectations. The company reported earnings of 98 cents per share, beating the 89 cents expected by analysts polled by Refinitiv. Revenue of $1.24 billion was slightly above expectations of $1.22 billion.

chameleon – Shares fell about 19.4 percent after the data analytics firm reported first-quarter revenue just below analysts’ estimates and forecast a larger-than-expected second-quarter loss, according to FactSet. Alteryx also announced an 11% layoff.

newell brand — Shares rose 2.3% even after the consumer goods company reported a bigger-than-expected loss. Revenue beat Wall Street expectations.

— CNBC’s Yun Li, Alex Harring, Brian Evans, Jesse Pound, Hakyung Kim, Sarah Min, Tanaya Macheel and Michelle Fox contributed reporting