View the companies that get the headlines during the afternoon trade. Applovin-the mobile advertising technology company rose by 12% after results from the first quarter to beat the expectations of the analysts. Applovin also announced that it would sell its mobile gaming company in a deal of $ 400 million. Carvana shares have risen more than 11% after the online used car market had posted better than expected results of the first quarter. Arm Holdings-US-Gente shares of the British chip designer fell by 5% after the company had given disappointing guidelines for the current quarter. That overshadowed tax profit and income from the fourth quarter that beat expectations. Kenvue-de Shares of Consumer Health achieved more than 4% on the heels of the better results of the company for the first quarter. Adapted income was within 24 cents per share, above 23 cents that analysts who were interviewed by FactSet expected. The turnover of the company of $ 3.74 billion also defeated the consensus estimate of $ 3.68 billion. Mercadolibre-US-raised shares of the Uruguay e-commerce and payment company have delivered more than 7% after the results of the company in the first quarter. Mercadolibre earned $ 9.74 per share with a turnover of $ 5.94 billion. Analysts interviewed by FactSet expected a profit of $ 8.27 per share on a turnover of $ 5.47 billion. Cleveland-Cliffs shares of the steel maker fell 15.8% after the results of the first quarter missed the estimates of the analysts. The company lost 92 cents per share, excluding items, while analysts responded to a loss of 82 cents per share due to factset. The income also did not come to expectations. Fortinet-the CyberSecurity Company withdrew nearly 8% to matte guidelines for the entire year. The company sees that custom income is expected between $ 2.43 and $ 2.49 per share. The center of that reach comes just below the LSEG consensus estimate of $ 2.47 per share. Peloton-the digital workout company fell more than 4% after placing a steeper-dan-softening loss for the first quarter. Peloton lost 12 cents per share, while analysts expected a loss of 6 cents per share by LSEG. Crocs – The shoe company rose by 10% after it had reported cheerful income and turnover for the first quarter. The company, however, announced that it was introduced for the entire year “due to macro-economic uncertainties arising from global trade policy.” Drug shares – Shares of important drug makers tumbled after polico, with reference to people who are familiar with the case, reported that President Donald Trump intended to imagine a Medicare pride plan that would lower the costs of drugs. Eli Lilly and Regeneron fell 3.6%and 2.6%respectively, while Abbvie shed 1.6%. Amgen and Bristol Myers also moved more than 1% lower. SHOPIFY – The Commerce Technology Platform fell almost 2% after the adapted business income of the company came in the expectations of the analysts. Warner Bros. Discovery – The stock of the Mediacongglomerate dived almost 5% after David Faber of CNBC reported, with the help of sources, that the company considered separating its linear networks of cable. – CNBC's Alex Harring, Hakyung Kim and Lisa Kailai Han have contributed to reporting.
