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Scott Mullin | NBC Finance
Check out the companies making headlines in midday trading.
Corning — Shares of the technology and specialty glass company rose more than 12% in midday trading after beating the top and bottom lines of its quarterly results. Corning earned 54 cents a share on revenue of $3.71 billion. Wall Street expected earnings of 52 cents a share on revenue of $3.59 billion, according to Refinitiv data.
king of the draft — Sports betting stocks in upgrade to overweight Equal weight from Morgan Stanley. DraftKings is likely to be one of the long-term winners in the competitive online gambling space, the company said in a report.
F5 — Shares of the cloud security company fell more than 10% after F5 issued guidance for the current quarter that missed analysts’ expectations. The company also lowered its full-year outlook, citing supply chain issues.
Microsoft — Microsoft shares rose 5.3% after the company optimistic forecast Cloud services revenue continued to grow during the quarter. It also reported a quarterly profit of $2.48 per share, beating analyst estimates by 17 cents, and revenue beating estimates.
automatic data processing — Shares of ADP were down more than 5% in midday trading despite the payroll company reporting better-than-expected fiscal second-quarter earnings. The company earned $1.65 a share, beating expectations of $1.63 a share, according to Refinitiv data. ADP also beat Wall Street’s revenue estimates.
Kimberly-Clark Corporation — Shares of the consumer goods maker fell about 3.5% after issuing weaker-than-expected earnings and revenue guidance. However, the company’s fourth-quarter EPS and revenue beat estimates.
Boeing — Shares of the aerospace company rose about 3% after reporting a lot Fourth-quarter loss beats estimates, revenue misses estimatesThe company also said it took a $3.5 billion pretax charge on its 787 Dreamliner due to production issues that have delayed aircraft deliveries over the past 15 months.
modern — Moderna shares rose 7.4% after Deutsche Bank upgrade stock to hold From selling, it mainly depends on valuation. Deutsche Bank noted that the shares “now pass our previous price target and discounted cash flow and a more reasonable C$65 billion valuation.”
Rollins — Shares of Rollins fell more than 4 percent after the company reported quarterly earnings, or 13 cents a share. That was slightly below analysts’ expectations of 15 cents a share, according to FactSet. The pest control company also reported revenue growth for the quarter.
Clorox — Shares in cleaning products fell 4.7% after Credit Suisse downgrade the stock It underperformed, noting that pandemic-era sales growth could reverse. Clorox may struggle to cope with inflation in its supply chain if growth slows, the company said.
—CNBC’s Maggie Fitzgerald and Jesse Pound contributed reporting