Check out the companies making headlines in midday trading.
– Shares of HD Supply rose 4% after the industrial distributor reported earnings that exceed analysts' expectations. HD Supply said it earned 83 cents per share in the previous quarter, 10 cents above estimates, according to Refinitiv. Its revenue was in line with Wall Street forecasts.– Shares of United Airlines fell 4% after the carrier said it doesn't expected the recovery from the coronavirus to follow a "linear path.
" The airline company also cut its third-quarter scheduled capacity forecast as well as passenger revenue. United said in continues to expect average daily cash burn during the third quarter to be about $25 million per day.— Shares of the chipmaker jumped more than 8% after the company raised its guidance for its fiscal second quarter, citing strong demand for its mobile products. The company now projects its adjusted earnings per share to be $2.
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