Check out the companies making headlines in the midday trading: Hasbro – Toymaker surged 16.3% after the company’s first quarter report beat expectations. Hasbro earned $1.04 per share, excluding items, earning $887.1 million. The analyst voted by FactSet was 67 cents in earnings per share and earnings of $771.1 million. Hasbro added that it has not changed its year-round guidance “in light of the uncertainty of the current customs environment.” Fiserv – The software provider’s shares plummeted 17% after Fiserv’s adjusted revenue missed expectations. Fiserv reported adjusted revenue of $4.7 billion for the first quarter, and reported that Analyst voted by Factset. Comcast – Shares were pulled back more than 4% after the cable giant saw a decline in customers in the first quarter and reported a total customer loss for domestic broadband total customers and a loss for 427,000 cable television customers. Freeport-McMoran – Mining company stock rose 6.6% after Freeport recorded profits in the first quarter, slightly surpassing Wall Street’s expectations. The company said the Trump administration’s tariffs could increase the cost of materials needed for US mines by about 5%. Texas Instruments – Semiconductor manufacturers scored 7.1% on their better-than-expected first-quarter financial report and bright guidance this quarter. Texas Instruments won $4.07 billion at $1.28 per share, while analysts voted by LSEG sought earnings of $1.07 per share and revenue of $3.91 billion. PepsiCo – Snack and Beverage Company’s stock fell 4%, down 4% after reflecting lower than expected earnings and weaker outlook. Pepsico reported $1.48 in adjusted earnings per share, coming just under the LSEG consensus of $1.49 per share. The company also lowered its full-year forecast for revenue adjusted on a certain currency basis, citing the impact of tariffs as one negative factor. American Airlines – Travel inventory rose 2.7% after its first quarter results showed less losses than expected. Americans reported an adjusted loss of 59 cents per share. Analysts surveyed by LSEG expected a loss of 65 cents per share. The airline has withdrawn its year-round guidance, but stocks have already fallen by more than 40% per year. SERVICENOW – Enterprise Technology stocks rose 15.5% after ServiceNow recorded stronger revenues than expected in the first quarter. The company won the LSEG consensus forecast of $4.04 per share, revenues of $3.09 billion, earnings of $3.83 per share and revenues of $3.08 billion. LAM Research – Stock in LAM Research, which manufactures semiconductor manufacturing components, rose 6.3% after the company’s third fiscal quarter revenues broke Wall Street forecasts. LAM Research earned an adjusted $1.04 per share, exceeding revenues of $1.01 per LSEG and revenue of $4.65 billion from analysts. UTZ Brand – Snack Maker added 1.9% after receiving an upgrade from Da Davidson to buy from Neutral. Da Davison said the UTZ brand has grown its market share despite the salty snacks facing volume pressure. Procter & Gamble – Stocks fell 4.4% after consumer goods companies reported third quarter revenue losses and reduced annual core revenue per share and revenue guidance. Procter & Gamble is likely to raise prices due to tariffs, CEO Jon Moeller told CNBC. International Business Machines – Stocks fell 7% even after IBM broke its first quarter revenue and revenue expectations and reaffirmed its full-year guidance. However, CEO Arvind Krishna warned that macroeconomic uncertainty in the near future could potentially take on a “waiting approach.” – CNBC’s Alex Hurling, Jesse Pound, Michelle Fox, Sean Conlon and Sarah Minh reported. Disclosure: Comcast owns NBCuniversal, the parent company of CNBC.
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