Check out the companies making headlines in the midday trading: T-Mobile – Shares were withdrawn 11% after wireless subscribers from the company who missed the first quarter Wall Street estimate. T-Mobile reported the addition of 495,000 postpaid phones in the first quarter, with analysts voted by StreetAccount looking for 504,000. Alphabet – Google’s parent company scored around 2% in a continuation of its first quarter results that exceeded expectations. Alphabet reported $90.23 billion with revenues of $2.81 per share, while Analyst voted on LSEG’s forecasts to be $2.01 per share and revenues of $8.912 billion. Skechers – Stocks fell 4.8% after footwear manufacturers recorded revenues that exceeded expectations in the first quarter and withdrew guidance for 2025 due to “macroeconomic uncertainty due to global trade policy.” However, the company’s revenue for the quarter exceeded analyst estimates. GILEAD SCIENCES – Biopharmaceutical stocks fell 2.5% with first quarter revenue of $6.67 billion, missing a consensus forecast of $6.81 billion from analysts voted by LSEG. However, the company won $1.81 per share in the quarter, excluding items, breaking Wall Street estimates of $1.79 per share. SAIA – The shipping company’s stock fell 31% after first quarter results missed estimates and slowed in March. SAIA reported $1.86 per share with revenue of $787.6 million. Analysts surveyed by FactSet had forecast a profit per share of $2.76 with revenue of $812.8 million. BMO Capital Markets downgraded its stock from outperform to the market, saying the issue is “company specific.” Intel – Chipmakers fell 7% after Intel’s current quarter missed investors’ expectations. Intel forecasts revenue of $11.8 billion for the June quarter at the midpoint, while Consensus forecasts were seeking $12.82 billion per LSEG. Management expects revenue to break. Intel has also announced plans to reduce both operating and capital costs. BOSTON BEARS – Samuel Adams Brewer’s shares were up more than 1% after a better than expected first quarter results. Boston Beer recorded earnings per share of $2.16 with revenues of $453.9 million, while analysts voted by FactSet were looking for 56 cents per share with revenues of $435.6 million. Boston Beer warned that tariffs could damage year-round revenues. Tesla – Electric car companies via Elon Musk have skyrocketed 10%. Stocks have moved more than 17% this week as the broader market is about to recover from the sharp selling of most of April. – CNBC’s Jesse Pound, Alex Harring and Sean Conlon contributed to the report. Get tickets for Pro Live Join us on the New York Stock Exchange! An uncertain market? Earn Edge with CNBC Pro Live, the first exclusive event on the historic New York Stock Exchange. Access to expert insights is paramount in today’s dynamic financial situation. As a CNBC Pro subscriber, we encourage you to take part in the first exclusive, in-person CNBC Pro live event held at the iconic NYSE on Thursday, June 12th. Join ProSCarter Worte, an interactive pro clinic led by Dan Niles and Dan Ives, along with a special edition of Pro Talks with Tom Lee. You will also get the opportunity to network with CNBC experts, talent and other pro subscribers during exciting cocktail hours on the legendary trading floor. Tickets are limited!
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