© Reuters
By Sam Boughedda
Investing.com — U.S. indices are higher Tuesday with the up almost 2% at lunchtime. Here are your midday movers on Tuesday, May 17th.
- Sea Ltd (NYSE:) has surged 17% after it topped first-quarter earnings and revenue expectations. The tech company a loss per share of $0.80 on revenue of $2.9 billion, above estimates of a $1.26 loss per share and revenue of $2.86 billion.
- Walmart Inc (NYSE:) has plunged 9.77% after it missed estimates by a wide margin and cut its profit outlook due to inflation. Walmart posted earnings of $1.30 per share, below the $1.47 per share expected.
- United Airlines (NASDAQ:) has jumped 6% after it raised its current quarter revenue guidance. The carrier now expects total revenue per available seat mile to be 23% to 25% above the same period in 2019.
- Take-Two Interactive Software (NASDAQ:) is trading 8% above Monday’s close after the video-game company revealed a rise in quarterly net bookings of 8%. The company reported weaker than expected guidance and a miss on , but Jefferies analyst Andrew Uerkwitz said the results were “better than feared.”
- JD.com ADRs (NASDAQ:) are 3.5% higher after the China-based company beat estimates. The eCommerce giant saw demand rise due to Covid-related lockdowns in the country.
- Warren Buffett’s Berkshire Hathaway (NYSE:) acquired a nearly $3 billion stake in Citigroup Inc (NYSE:), sending the U.S. lender’s shares up 7.8%.
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