Stocks making the biggest moves at noon: Amazon, P&G, Caterpillar, more

Find out which companies are making headlines in midday trading.

Amazon – Amazon shares fell 6.5% after the tech giant’s second quarter report missed Wall Street earnings estimates for the first time in three years. The company also gave weak guidance for the third quarter. However, Amazon beat earnings, reporting earnings of $ 15.12 per share against analysts’ expectations of $ 12.30 per share, according to Refinitiv. The June quarter mirrored the final full quarter of founder Jeff Bezos’ tenure as CEO.

Procter & Gamble – Shares of the consumer products giant rose 2.5% after the company beat analysts’ expectations in its fiscal fourth quarter earnings report. P&G reported earnings of $ 1.13 per share on revenue of $ 18.95 billion, while analysts expected earnings of $ 1.08 per share on revenue of $ 18.41 billion. The company warned that pressures on raw material and freight costs could weigh on future profits.

Caterpillar – Shares of the industrial giant fell 3.5%, even after the company reported better-than-expected earnings and earnings in the second quarter. Caterpillar beat estimates by 20 cents with adjusted quarterly earnings of $ 2.60 per share, according to Refinitiv. The stock has already risen by more than 12% this year.

Chevron, Exxon Mobil – Chevron and Exxon Mobil each reported quarterly earnings above analysts’ expectations, but saw their shares decline slightly. Chevron shares fell almost 1% and Exxon shares lost 2.4%.

Pinterest – The social media company’s shares fell nearly 19% after Pinterest reported that its monthly active membership declined in the second quarter. Analysts at JPMorgan and Evercore ISI lowered the stock following the report.

Robinhood – Shares of the new public equity trading app rose nearly 3% on its second day of trading on the Nasdaq. Robinhood sank nearly 8.4% on its IPO on Thursday, after pricing its range low.

Ralph Lauren – Retail clothing inventories have tended to rise after U.S. consumer spending rose 1% in June, more than expected. The latest University of Michigan consumer survey report also showed that consumer confidence rose slightly at the end of July. Ralph Lauren stock gained around 3%. Shares of PVH – whose brands include Tommy Hilfiger and Calvin Klein – rose 1.4%, while shares of Gap and Under Armor also rose slightly.

Capri Holdings – Shares of Capri Holdings jumped more than 11% after the company reported better-than-expected quarterly earnings. Capri, whose luxury brands include Michael Kors and Versace, earned an adjusted $ 1.42 per share for its most recent quarter, well above the consensus estimate of 80 cents. Revenue also exceeded expectations and Capri raised its annual outlook for the second time this year.

Gilead Sciences – Gilead stock fell 1.6% after the biotech company’s quarterly earnings report beat estimates. On Thursday, the company reported adjusted quarterly earnings of $ 1.87 per share, 14 cents above estimates. However, sales of Gilead’s flagship anti-HIV drugs fell 2% in the quarter.

Texas Roadhouse – Shares of Texas Roadhouse fell more than 5% despite the restaurant chain beating estimates by 9 cents with quarterly earnings of $ 1.08 per share. However, the company said it expects feed costs to continue to rise. Texas Roadhouse released its results Thursday.

Restaurant Brands International – Shares of the fast food company jumped more than 2% after reporting quarterly earnings of 77 per share, beating Wall Street estimates by 16 cents, according to Refinitiv. Burger King’s parent company said digital sales were up 60% from the same period a year ago and that Popeyes was the only one of its three brands to report lower same-store sales.

– CNBC’s Maggie Fitzgerald, Yun Li, Jesse Pound and Tanaya Macheel contributed reporting