Check out the companies making headlines in midday trading. Airbnb — The online booking company plunged 13% after second-quarter earnings missed Wall Street estimates. Airbnb reported earnings of 86 cents per share, while analysts polled by LSEG were looking for 92 cents. The company also said it's seeing signs of slowing demand from its U.S. customers. Reddit — Shares ticked down 2% despite the company's second-quarter results beating Wall Street estimates on the top and bottom line.
For the second quarter , Rivian reported a smaller-than-expected adjusted loss of $1.13 per share and $1.16 billion in revenue, while surveyed by LSEG forecast a loss of $1.21 per share and $1.14 billion in revenue. However, Super Micro Computer — Shares of the server company fell nearly 7%. Super Micro's adjusted earnings for the fiscal fourth quarter came in at $6.25 per share, while analysts called for $8.07 per share, according to LSEG. The company also announced a 10-for-1 stock split .
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