Sam Boughedda

Investing.com — U.S. indices are higher Tuesday with the  up almost 2% at lunchtime. These are the midday Movers for Tuesday May 17th.

• Sea LtdThe stock of (NYSE: ) rose 17% following its first-quarter earnings surpassing revenue and profit expectations. This 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:) plunged 9.77%, after missing estimates by wide margins and cutting its profit outlook due inflation. Walmart’s earnings were $1.30 per Share, lower than the expected $1.47 per Share.
• United Airlines(NASDAQ) shares have risen 6% following the company’s quarterly revenue guidance. It now anticipates revenue per available seat minute to increase by 23% to 25% over the previous period.
• Take-Two Interactive Software(NASDAQ:) traded 8% higher Monday than the close of Monday, after video-game giant Nintendo revealed an increase in quarterly net revenues by 8%. Although the company’s guidance was weaker than anticipated and there was a missed on, Andrew Uerkwitz from Jefferies said that results were better than expected.
• JD.com ADRs(NASDAQ:) have risen 3.5% after China’s company outperformed estimates. Due to Covid lockdowns in China, the eCommerce company saw a rise in demand.
• Warren Buffett’s Berkshire Hathaway, (NYSE:), acquired a stake of almost $3 billion in Citigroup Inc(NYSE) – sending U.S. bank shares up 7.8%