Check out the companies making headlines in midday trading.
. In the first quarter, the company earned $1.24 per share, ex-items, on $5.99 billion in revenue. Wall Street was expecting an adjusted loss of 36 cents per share and revenue of $5.9 billion for the first quarter, according to a survey of analysts by Refinitiv.— Facebook shares rose 5.
It also said that the coronavirus "had minimal net impact on the total company revenue" in the three months ended March 31, but cautioned that "effects of COVID-19 may not be fully reflected in the financial results until future periods."— Shares of the beer company fell 11% after Molson Coors missed Wall Street expectations for first quarter revenue. The company reported sales of $2.1 billion for the quarter, below the consensus expectation of $2.
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