Palantir, Rivian, Uber and others

Peter Thiel, co-founder and president of Palantir Technologies Inc., stops by during a press conference in Tokyo, Japan on Monday, November 18, 2019.

Kiyoshi Ota | Bloomberg | Getty Images

Check out the companies making headlines in midday Monday trading.

Palantir Shares of the software company fell more than 18% after Palantir’s first quarter earnings fell short of expectations. The company posted 2 cents of adjusted earnings per share on $ 446 million in revenue. Analysts interviewed by Refinitiv were expecting 4 cents of earnings per share on $ 443 million in revenue. Palantir’s second-quarter guidance for revenue and adjusted operating margin was also below expectations, according to StreetAccount.

Riviano Shares of the electric vehicle maker fell more than 17% following a report from CNBC that Ford Motor will sell 8 million shares as the insider lock-up for the title is set to expire. Ford currently owns 102 million shares of Rivian. Ford shares fell 4%.

Above – The ride-sharing company’s stock fell 6.4% after CEO Dara Khosrowshahi revealed plans to reduce marketing spending and incentives and views the hiring as a “privilege,” according to an email to employees obtained by CNBC. “It is clear that the market is experiencing seismic change and we need to react accordingly,” she said.

coty – Shares plunged 5.7% despite a drop in the cosmetics company’s earnings. Coty earned 3 cents per share on revenue of $ 1.19 billion in its latest quarter. Analysts interviewed by Refinitiv expected earnings of 1 cent per share on revenues of $ 1.15 billion. Coty also raised its outlook for the full year based on strong consumer demand.

Tyson’s food – Shares of the beef and poultry producer gained 1.7% on better-than-expected quarterly results. Tyson reported earnings of $ 2.29 per share on revenue of $ 13.12 billion. Analysts had expected a profit of $ 1.91 per share on revenue of $ 12.85 billion, according to Refinitiv.

BioNTech – The stock rose roughly 5.9% after BioNTech released a better-than-expected first quarter report. BioNTech earned $ 14.24 per share on revenue of $ 6.37 billion. Analysts interviewed by Refinitiv expected a profit of $ 9.16 per share on revenue of $ 4.34 billion.

Twitter – Shares of the social media company fell 1.9% later The New York Times reports it on Elon Musk’s financial goals for Twitter, citing an investor presentation. The billionaire – who is acquiring Twitter for $ 44 billion – aims to quintuple revenue by 2028, reduce Twitter’s addiction to advertising, and reach 931 million users by 2028, among other goals outlined in the presentation.

DishNetwork – Shares fell 1.3% after JPMorgan downgraded Dish to neutral from overweight, citing “weaker than expected PayTV and wireless results”. Meanwhile, Credit Suisse updated Dish to outperform from neutral, saying it sees “sufficient upside” for the company.

match Shares of the online dating firm fell 2.3% after Wells Fargo upgraded the stock to equal weight overweight. Wells said the stocks are “compelling” at current levels.

Galactic Virgo – Virgin Galactic shares fell 6.6% as Truist downgraded the space travel company to avoid buying amid concerns about further flight delays.

– Jesse Pound, Tanaya Macheel, Samantha Subin and Sarah Min of CNBC contributed to the report