Check out the companies making headlines in midday trading. Uber Technologies — The ride-hailing giant fell more than 8% after posting mixed first-quarter results . The company's overall revenue exceeded expectations, coming in at $10.13 billion versus analysts' estimate of $10.11 billion, per LSEG. However, the company posted a loss of 32 cents per share. Analysts had forecasted earnings of 23 cents per share.
Meanwhile, net income fell on Coupang's acquisition of luxury online retailer Farfetch in January. Toast – The cloud-based restaurant management software company rallied 12% on the back of its earnings report. Toast posted first-quarter revenue of $1.08 billion, higher than analysts' estimates of $1.04 billion, per FactSet. Arista Networks – Shares jumped 7% after the company reported better-than-expected first quarter results. Arista reported $1.99 in earnings per share on $1.
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