Check out the companies making headlines midday Friday:
Adobe —Adobe shares dipped 5.1 percent as the company’s weak earnings guidance overshadowed its strong quarterly numbers. The company said it expects second-quarter earnings around a median of $1.77 per share, below a Refinitiv estimate of $1.88. Adobe’s fiscal first-quarter earnings topped analyst expectations, however.
Ulta Beauty — Shares of the beauty retailer climbed nearly 9 percent after beating Wall Street earnings expectations for the fourth quarter. The beauty retailer reported earnings per share of $3.61 on revenue of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenue of $2.11 billion, according to Refinitiv. Ulta’s same-store sales also increased 9.4 percent, compared to an estimated 7.9 percent uptick.
Jabil —Shares of the manufacturing services company rose as much as 2 percent on the back of strong earnings. Jabil reported quarterly earnings of 64 cents per share.
Noodles & Co. — The fast-casual restaurant chain’s stock dropped more than 14 percent after the company reported weaker-than-expected quarterly earnings. Noodles & Co. posted a profit of 1 cent per share, while analysts polled by FactSet had forecast earnings of 2 cents.
Tesla — Tesla shares dropped 4 percent after the company unveiled its Model Y crossover. The electric carmaker’s SUV launch reignited worries for some Wall Street analysts that Tesla would need to raise long-awaited cash later this year. The launch of the electric carmaker’s new SUV comes a few weeks following Tesla’s announcement of cut jobs and store closures to make profits.
Boeing — Shares of Boeing erased losses to trade nearly 3 percent higher after Agence France-Presse reported the company will release a software upgrade for its 737 Max aircraft in the coming weeks. The slight reprieve for the company’s shares comes after a week of turmoil, following global safety concerns of the company’s 737 Max jetliners.
Facebook — Facebook shares fell 3 percent Friday, the day following the resignation of two of its executives — Chris Daniels and Chris Cox — in light of its recent pivot to privacy. The company also received scrutiny related to a terrorist attack in New Zealand in which the shooter live-streamed the attack on the social media site. At least 49 lives have been claimed by the shootings.
—CNBC’s Matt Lavietes contributed to this report.