Check out the companies making headlines in midday trading. Uber Technologies — The ride-hailing giant fell more than 8% after posting mixed first-quarter results . The company’s overall revenue exceeded expectations, coming in at $10.13 billion versus analysts’ estimate of $10.11 billion, per LSEG. However, the company posted a loss of 32 cents per share. Analysts had forecasted earnings of 23 cents per share. Reddit – Shares added roughly 3% after the social media platform reported stronger-than-expected revenue and robust daily active user growth in its debut report. Revenue came in at $243 million, topping the $212.8 million expected by analysts polled by LSEG. Intel — The chipmaker fell 2.8% after releasing revised second-quarter guidance. Intel said it now expects revenue below $13 billion for the quarter after the Department of Commerce revoked export licenses for China-based Huawei. Lyft – The ride-sharing company surged 5% after the company reported faster-than-expected growth in the first quarter. Lyft reported $1.28 billion in revenue, higher than the FactSet consensus of $1.16 billion. Total bookings also topped estimates. Shopify — Shares plummeted 19% as the company’s disappointing revenue and profit guidance for the current quarter overshadowed better-than-expected results for the latest reporting period. Shopify forecast revenue growth at a high-teens percentage year over year, which is in line with the Street’s estimates, according to LSEG, but still represents a slowdown from recent quarters. Electronic Arts – The video game stock fell more than 2% after the company posted weak results for the fiscal fourth quarter. EA reported adjusted earnings of $1.37 per share and $1.67 billion of net bookings. Analysts surveyed by FactSet were expecting earnings of $1.52 per share on $1.78 billion of revenue. Guidance for the current quarter also fell below expectations. Rivian Automotive – Shares of the electric vehicle manufacturer fell roughly 2% after the company’s quarterly earnings announcement. Rivian said that it lost nearly $39,000 per vehicle delivered in the first quarter. Coupang — The South-Korea based e-commerce company shed 8%. First-quarter adjusted earnings came in-line with estimates, while revenue was slightly above analysts’ estimates, according to FactSet. Meanwhile, net income fell on Coupang’s acquisition of luxury online retailer Farfetch in January. Toast – The cloud-based restaurant management software company rallied 12% on the back of its earnings report. Toast posted first-quarter revenue of $1.08 billion, higher than
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