Stocks making the biggest moves midday: Disney, Snowflake, DoorDash and more

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The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), connected Tuesday, May 4, 2021, successful grant of Star Wars Day.

Source: NYSE

Check retired the companies making headlines successful midday trading.

Disney — The media giant's stock terms sank much than 3% aft it missed revenue and streaming subscriber estimates. Disney net of 79 cents per share, good supra the 27 cents per stock expected by Wall Street, according to Refinitiv. The institution made $15.61 cardinal successful revenue, missing an estimation of $15.87 billion. Disney missed connected subscriber estimates for Disney+, coming successful astatine 103.6 cardinal paid subscribers. It was expected to station 109 million.

DoorDash – Shares of the nutrient transportation institution surged 24% aft the steadfast boosted its outlook for 2021. DoorDash raised its yearly forecast for bid worth to betwixt $35 cardinal and $38 billion, up from a anterior scope of $30 cardinal to $33 billion. The institution said that transportation drivers were successful abbreviated supply, but user request was stronger than expected.

Airbnb – Shares of the abrogation rental institution jumped 3% aft the institution reported better-than-expected quarterly revenue. The institution reported first-quarter gross of $887 million, topping a Refinitiv projection of $714 million. While Airbnb inactive reported a nett nonaccomplishment for the quarter, it besides showed year-over-year betterment successful a cardinal net metric. Wells Fargo upgraded the banal to overweight from adjacent value pursuing the net report.

Snowflake — The bundle company's shares popped much than 8% aft Goldman Sachs upgraded it to bargain from neutral, saying the satellite was inactive successful the "relatively aboriginal innings" of the displacement to the cloud, giving Snowflake important upside.

Churchill Downs — Shares of the casino and gaming institution jumped much than 4% aft Jefferies upgraded the banal to bargain from hold. The steadfast said that Churchill Downs was poised for maturation successful aggregate parts of its concern and that the stock's caller weakness was not tied to fundamentals.

Plantronics — Shares of the institution formerly known arsenic Plantronics, present known arsenic Poly, swooned 18% successful midday trading aft the audio and video products shaper blamed the semiconductor shortage for a weaker fiscal forecast. It sees adjusted first-quarter net of 35 cents to 55 cents a stock connected gross of $410 cardinal to $450 million, beneath what analysts had hoped.

Unity Software — The tech banal jumped much than 7% aft Oppenheimer upgraded the banal to outperform from perform. The concern steadfast said successful a enactment that Unity's terms was charismatic aft a crisp diminution successful caller months and that Apple's caller privateness argumentation would not beryllium a semipermanent contented for Unity's gaming business.

Fisker — Fisker shares popped astir 5% to astir $10.46 a stock aft it said it has signed agreements with Hon Hai Technology Group, besides known arsenic Foxconn, to make a caller breakthrough electrical vehicle. Fisker said the caller conception conveyance volition beryllium jointly developed and sold into planetary markets including North America, India and China.

Aurora Cannabis — Shares of the cannabis institution dropped much than 5% aft it reported lower-than-expected fiscal 3rd 4th revenue, deed by pandemic-related restrictions successful Canada.

— with reporting from CNBC's Yun Li, Jesse Pound and Tom Franck.

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