Take a look at the top midday traders.

Meta Platforms — Shares of the company formerly known as Facebook surged 17% after reporting mixed first-quarter results. While the earnings beat was impressive, revenue fell short of expectations. The company also witnessed an increase in daily active users after a decrease in fourth quarter.

McDonald’s– Stocks of the restaurant chain gained 3% after first-quarter revenue topped expectations. According to Refinitiv, McDonald’s first quarter revenue was $5.67 billion instead of the expected $5.59 billion. According to StreetAccount estimates, the company experienced a 3.5% increase in same-store sales in the U.S.

Qualcomm — Qualcomm’s stock price surged more than 7% after its most recent earnings reportAll four companies’ semiconductor businesses saw growth in the last quarter. Qualcomm recorded adjusted earnings per year of $3.21 with revenue of $11.16Billion. Refinitiv analysts surveyed forecasted earnings at $2.91 per share for revenue of $10.60 trillion.

Ford — The automaker’s shares fell 2% after the company said its stake in Rivian dragged profits lower in the recent quarter. Ford reported adjusted earnings per share of 38 cents on $32.1 billion in revenue. Refinitiv interviewed analysts to forecast 37 cents per share of earnings on revenue $31.13 trillion.  

CaterpillarAlthough the first-quarter results beat expectations, shares fell by more than 3%. Caterpillar earned $2.88 on revenue of $13.59 billion. Refinitiv surveyed analysts and estimated that Caterpillar would earn $2.60 per share on revenue of $13.40 billion. The fourth quarter sales growth of the company was slow, but operating profit margins were lower year over year.

PayPal — PayPal shares jumped 9% following a beat on revenue in the first quarter. Even though the company issued poor guidance for the full year and the second quarter, the stock rose.

Mastercard — Mastercard shares gained 4.6% following a beat on the top and bottom lines in the recent quarter. The company announced that cross-border travel has surpassed 2019 for the first time since 2009, when the pandemic began.

Comcast — Shares of Comcast plummeted more than 6% despite beating analysts’ expectationsThe top and bottom line declined as broadband subscription growth slowed. Analysts had predicted that the company would beat this number, but the company noted that approximately 80,000 subscribers were internet free customers.

Southwest Airlines — Southwest Airlines’ stock rose 2% after reporting a wider-than-expected lossHowever, revenue for the most recent quarter was up by a bit. The company reiterated its forecasts for the second quarter and indicated that revenue will continue to grow despite having fewer flights.

Pinterest — Pinterest’s stock price jumped more than 7% following an earnings beat. Image-sharing platform reported on Wednesday adjusted earnings per share of 10c and revenue of $575 millions. Refinitiv polled analysts and expected 4 cents per share for revenues of $573million.

Eli Lilly — The drug maker’s shares 3.7% after the company reported results from a clinical trial showing its obesity drug tirzepatide helped patientsYou can lose as high as 22.5%. Eli Lilly posted better than expected earnings and revenue in the first quarter. It also raised its revenue guidance for the full year.

Teladoc —  Shares of the telehealth service plummeted by 45% after the company reported an earnings miss for its most recent quarter and gave weaker-than-expected revenue guidance, after which at least six Wall Street firms issued downgradesStock.

ServiceNow — Shares of ServiceNow added 7.9% following a beat on the top and bottom lines in the recent quarter. For $1.72 trillion in revenue, ServiceNow posted adjusted earnings of $1.73 per share. StreetAccount by FactSet shows that analysts had expected to earn $1.70 per share on $1.72 billion revenue.

— CNBC’s Jesse Pound, Tanaya Macheel and Sarah Min contributed reporting

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