Stocks making the biggest moves midday: Disney, Meta Platforms, Lucid Motors, Roblox and more

Check retired the companies making headlines successful midday trading.

Disney — Shares of the media elephantine slid much than 11% aft the company's quarterly results missed Wall Street expectations connected gross and profit, arsenic some its parks and media divisions underperformed estimates. Disney warned that beardown streaming maturation for its Disney+ level whitethorn taper going forward. Chief Financial Officer Christine McCarthy tempered capitalist expectations for the caller fiscal year, forecasting gross maturation of little than 10%.

Meta Platforms — The banal jumped 8% aft the institution announced it volition laic disconnected much than 11,000 employees. In a missive to the staff, CEO Mark Zuckerberg said helium is "sharing immoderate of the astir hard changes we've made successful Meta's history." Analysts at UBS were encouraged by Meta's announcement.

D.R. Horton — The homebuilder climbed much than 6% contempt reporting weaker-than-expected results for the 4th quarter. The institution earned $4.67 per stock connected $9.64 cardinal of revenue. Analysts surveyed by Refinitiv were expecting $5.09 per stock connected $9.97 cardinal of revenue. However, D.R. Horton's portion nett orders and backlog were higher than expected, and first-quarter guidance was astir in-line with estimates, according to StreetAccount.

Signature Bank — Shares of the crypto slope mislaid 6% amid the sell-off successful cryptocurrencies and crypto equities, arsenic investors digested the fallout from the liquidity crunch that led Binance, the largest speech successful the world, to connection to bail retired rival FTX.

News Corp — Shares slid 5% aft the institution reported a flimsy miss connected its fiscal archetypal 4th earnings, compared to FactSet estimates. NewsCorp posted gross that besides came successful shy of estimates.

Akamai Technologies — The web exertion institution roseate 7% aft Akamai reported better-than-expected net for the astir caller 4th of $1.26 per share. Analysts expected $1.22 per share, according to FactSet. Revenue figures besides surpassed expectations.

Affirm — The banal plunged 18% aft Affirm disappointed connected net per stock expectations, and issued weaker-than-expected guidance for its fiscal 2nd quarter.

Upstart Holdings — The AI-driven lending level tumbled 11% aft the institution issued a weaker-than-expected gross forecast for the existent quarter, citing challenging economical conditions.

AMC Entertainment — Shares dropped 9.8% aft the institution reported different quarterly loss arsenic operational costs increased. However, the institution mislaid little per stock than expected and bushed the Wall Street forecast for revenue. Tuesday's study comes aft years of struggling for the movie theatre concatenation arsenic the pandemic prompted a emergence of releases going straight to streaming services.

Lucid Group — Shares of the RV shaper mislaid astir 18% aft the institution reported a third-quarter loss and said plans to rise $1.5 cardinal done banal income to money the electrical conveyance maker's operations.

SeaWorld Entertainment — The banal fell 8% aft the institution reported weaker-than-expected net oregon $1.99 per stock connected gross oregon $565 million. Analysts were expecting $2.13 per stock connected gross of $606 million.

HanesBrands — The apparel maker's shares were little by 7% aft Hanes missed analysts' gross expectations for the 3rd quarter, according to StreetAccount. The institution posted $1.67 cardinal successful revenue, compared to forecasts for $1.71 billion.

Roblox — Shares tumbled much than 15% aft the institution reported a bigger nonaccomplishment than expected for the 3rd quarter. The video-game institution had a nonaccomplishment per stock of 50 cents, versus 35 cents expected by analysts, according to Refinitiv. However, Roblox bushed connected bookings revenue.

Kroger — Shares roseate 2.6% aft Evercore ISI upgraded the company to outperform and boosted its terms target, saying shares tin surge 18% successful the adjacent year. The upgrade comes arsenic Evercore sees Kroger well-positioned to summation arsenic precocious ostentation drives consumers to walk little astatine restaurants and much astatine market stores. The chain's merger with Albertsons could besides springiness shares a boost.

— CNBC's Yun Li, Carmen Reinicke, Jesse Pound, Alexander Haring, Sarah Min, Michelle Fox and Ashley Capoot contributed reporting