Stocks making the biggest moves midday: Disney, Nvidia, Ferrari, Datadog and more

Check out the companies making headlines in midday trading: Walt Disney — The entertainment giant sank 10% after posting fiscal second-quarter results . Walt Disney reported adjusted earnings that beat estimates and posted strong Disney+ subscriber growth but slightly missed revenue estimates. The company also said it expects a loss within its direct-to-consumer entertainment business this quarter. Nvidia — Shares slipped about 1%.

The company said its expects revenue to range between $2.68 billion and $2.69 billion for the year, below an LSEG estimate of $2.71 billion. UBS Group — The U.S.-traded shares of the European bank jumped nearly 7% after first-quarter results topped expectations. UBS reported 52 cents in earnings per share on $12.74 billion in revenue. Analysts surveyed by StreetAccount were expecting 18 cents per share on $11.95 billion of revenue.

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