Lyft, Carvana, Discovery by Warner Bros., Draft Kings

Check out which companies are making the headlines at midday Friday.

Discover Warner Bros. The media company’s shares fell 15.8% after Warner Brothers published its first earnings report since its merger. Discover Warner Bros. too It said it plans to merge streaming services HBO Max and Discovery +.

Lift Lyft shares rose 14.2 percent after sharing an unexpected fourth-quarter profit. Revenue decreased in line with estimates.

Beyond the meat The plant-based meat manufacturer’s inventory rose 22.7 percent even after the company shared last-quarter results that missed top and bottom results. Beyond Meat also said it has cut 4% of its workforce.

Carvana Shares of the online used car dealership rose 32.5% on Friday as the company said it would sharply cut costs in preparation for an economic slowdown.

roadblock Shares of Malik Square lost more than 2% on the back of a 34% drop in cash app revenue in the previous quarter. The decline was overshadowed by stronger-than-expected earnings.

kings The sports betting company jumped 11% after it reported better-than-expected revenue and revised earnings for the fourth quarter. DraftKings also raised its full-year revenue forecast despite the bleak overall outlook.

Basic Stocks down 5% after that JPMorgan downgraded Paramount to below neutral, referring to the larger overall challenges facing the media company. Paramount reported strong second-quarter earnings this week, but lower income and free cash flow numbers weighed on results.

DoorDash – shares The food delivery company is trading slightly lower, giving up earlier gains, as investors digested a quarterly report that showed a larger loss per share than expected. DoorDash lost 72 cents a share in the second quarter, more than the 41 cent loss analysts had expected, according to Refinitiv. But its returns exceeded expectations.

AMC Entertainment Theater Series It rose 13% after announcing late Thursday that it intends to issue a dividend In the form of preferred stock, under the symbol “APE”. The move comes after investors rejected the company’s efforts to issue additional shares last year as a way to raise funds.

sunron Stocks jumped 7% after Barclays started coverage of the residential solar installer with an overweight rating. investment company Sunrun shares could rise on the back of ambitious clean energy bill It can “launch a supported long growth cycle” if passed. Sunrun also reported earnings this week that beat analysts’ expectations, according to FactSet.

Virgo Galaxy Shares fell 15% after the company said it was delaying the commercial launch of spaceflight until the second quarter of 2023. Virgin Galactic shares lowered To a sell rating as the company continues to operate through cash flights and flight delays.

Twilio Twilio stock fell 13% Although revenue outperformed after a communications software company shared poor guidance for the current period. Following the report, Stifel downgraded the technology company’s stock to a holdover and cut its target price for the stock in half.

iRobot – shares iRobot jumped more than 19% after Amazon announced its plans to acquire an automated vacuum maker for $1.7 billion, or $61 a share.

CNBC’s Sarah Min, Tanya Machel, Yoon Lee and Michelle Fox contributed reporting.