Palantir, Novavax and Under Armour are just a few of the many companies that we can mention.

Check out which companies are making the news today in midday trading.

Palantir – Palantir shares popped nearly 20% after the software company beat first-quarter estimates and said it anticipates full-year profitability. CEO Alex Karp stated that the company is seeing a strong demand for its artificial intelligence platform.

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3D Systems — Shares dropped 10.2% after the 3D printer maker reported weak first-quarter earnings. 3D systems reported a adjusted loss of nine cents per share on revenue $121 million. Refinitiv polled analysts who expected a revenue of $128 millions and a loss 7 cents per shares. The firm also reaffirmed its full-year revenue guidance, and raised its expectations for full-year adjusted EBITDA. It also cut 6% of its staff.

Novavax — The biotechnology stock surged 44% on news of promising vaccine data and a major cost-cutting initiative that includes broad layoffs.

Skyworks Solutions Shares fell about 6% after the company announced weaker than expected guidance for the fiscal third quarter. According to StreetAccount, the semiconductor firm expects non-GAAP earnings per share of around $1.67. This is lower than the consensus estimates of $2.06.

Under Armour — The apparel company slipped 5.3% after the company projected earnings per share and revenue to be short of Wall Street expectations for the full-year. Under Armour beat the expectations of Refinitiv’s analysts on both the top and bottom line for its fiscal fourth-quarter.

Fisker — Shares shed 4.8% after the automotive company’s first quarter earnings came in under Wall Street forecasts. Fisker lost 38 cents a share, which was more than analysts’ expectations of 30 cents.

Plug Power — The hydrogen fuel company dropped 14.1% after posting a wider loss per share for its first quarter than analysts expected. Plug Power reported a 35-cent loss per share while FactSet polled analysts who expected a 26 cent loss. Revenue was $210.3 million, compared to a consensus estimate for $206.9 millions.

Western Digital — The chipmaker’s stock dropped nearly 3% after the company posted a wider-than-expected loss for the fiscal third quarter. Western Digital expects its fourth quarter revenue to be between $2.4 billion and $2.6 billion. This is lower than analysts’ expectations, according Refinitiv data.

PayPal — Shares of the digital payments company shed 11% even after it posted a beat on the top and bottom lines. PayPal lifted its guidance for the full year but shared-weaker-than-expected guidance for the current period.

International Flavors & Fragrances – Shares fell 7% after the company missed earnings expectations for the first quarter, according to FactSet, and cited impacts from soft end-market demand and customer inventory destocking. FactSet said that the company’s financial guidance for the current quarter was lower than Wall Street’s estimates. The company also lowered its full year guidance.

DaVita – The healthcare provider saw shares surge 13.5% after the company beat earnings and revenue guidance for the first quarter, according to FactSet, and raised full-year earnings guidance. The company highlighted improved volume trends, meaningful labor cost improvements as well as a improving macro-environment.

Lucid Group — The electric vehicle maker dropped 7.7% on the back of a poor earnings report. Lucid reported a larger loss than expected and revenue fell short of the analysts’ consensus estimate, according to Refinitiv.

Trex Company — Trex Company jumped 8.1% after the maker of wood-alternative decking and railing topped analysts’ first-quarter expectations, and issued stronger-than-expected second-quarter revenue guidance. Trex expects to have revenue in the second quarter between $310 and $320 million, which is better than the expected $309.0 million.

McKesson — McKesson rose 7.4% after exceeding fourth-quarter expectations. FactSet reported that the health care firm had adjusted earnings of $7.19 a share, which is slightly higher than analysts’ expectations of $7.18 a share. It reported revenue at $68.91billion, which was higher that the forecasted $68.08billion.

Shopify — Shares shed 1.5% following a downgrade to neutral from overweight by Atlantic Equities. The firm said that the downgrade is primarily due to valuation. However, it noted that the company has “strong long-term growth potential” and is a best-in-class product executer.

Alphabet — Google parent Alphabet rose less than 1% ahead of its annual developer conference this week, where the company will announce its new general-use large language model called PaLM 2. Google is also preparing to announce improvements to Bard and Search, including “generative experiences.”

Shoal Technologies — The solar energy tech company’s shares surged 19% following an earnings and revenue beat for the first quarter. Guggenheim upgraded their rating on shares from hold to buy in a note published Tuesday, citing a favorable valuation and a promising increase in market share.

Ferguson — The construction products company added 1.8% following an upgrade to buy from hold by Jefferies. The firm stated that the company’s discount compared to peers is shrinking.

Boeing — Shares advanced 2.4% after Ryanair said it would buy at least 150 of the plane maker’s 737 Max 10s with options for 150 more.

DISH Network — DISH lost 5.8% after reporting first-quarter earnings. Earnings per common share were in line with analyst expectations at 35 cents. Revenue came in slightly below the $4.06 billion forecast by FactSet analysts. The company lost a greater number of pay TV subscribers in the first quarter of this year than they did a year earlier, but it lost fewer retail wireless subscribers.

— CNBC’s Samantha Subin, Michelle Fox, Sarah Min, Hakyung Kim, Tanaya Macheel and Yun Li contributed reporting