Check out the companies making headlines in midday trade Friday:
Uber- Shares of Uber closed down 7% after going public on the New York Stock Exchange on Friday. Uber opened at $42 a share, lower than the $45 it was priced at on Thursday night.
Lyft- Shares of ride-sharing company closed down 7% after Uber’s initial public offering Friday. Lyft and Uber are the two most dominant companies in the ride sharing business. Lyft’s stock is down about 30% since its IPO at the end of March.
Apple- Apple’s stock closed down 1% on Friday. The iPhone maker is viewed as particularly vulnerable to the recent escalation in the trade war given its dependence on China for production and sales.
Caterpillar- Shares of the construction company were down more than 1% and closed flat amid the escalated trade tensions with China.
Marriott- Shares of the hotel company closed down 2% following mixed first-quarter earnings released Friday. Marriott reported adjusted earnings per share of $1.41, beating the estimated $1.34, according to Refinitiv. Revenue was $5.01 billion, missing the expected $5.11 billion.
Yelp- Shares of recommendation website Yelp closed down 14% Friday after the company gave weak second-quarter guidance a day earlier. Yelp said for the second quarter it estimates revenue will increase between 4% and 6%, lower than the expected increase of 6.6%, per Refinitiv.
Booking Holdings- The booking company closed up 5% despite missing on the top and bottom lines in its first-quarter earnings after the bell Thursday. Booking Holdings reported earnings per share of $11.17 on revenue of of $2.84 billion. Wall Street estimated earnings per share of $11.27 on revenue of $2.93 billion, according to Refinitiv.
Zillow- Shares of the home-finder website closed up 5% after posting better-than-expected first-quarter earnings Thursday. Zillow reported a loss of 33 cents per share, compared to the loss of 35 cents per share analysts were expecting per Refinitiv.
News Corp.- Shares closed down 4% on Friday after the company reported a surprise quarterly profit in its third quarter, driven by growth in book publishing. The company reported earnings per share of 4 cents on revenue of $2.46 billion. Wall Street estimated earnings per share of 0 cents on revenue of $2.51 billion, according to Refinitiv.
Equifax- Shares of Equifax jumped midday and closed flat after the company missed on revenue in its first-quarter results. Revenue was $846.1 million, lower than the expected $848.9 million, according to Refinitiv. Earnings per share came in line with estimates at $1.20 per share.
