Check out the companies making headlines in midday trading: Ryanair \u2014 Shares fell 15.4% after the budget airline reported weaker-than-expected fiscal first-quarter earnings . The company said its quarterly profit after tax had fallen 46% and that it expects fares to be lower than expected in the summer months. CrowdStrike \u2014 The cybersecurity stock plunged about 13.5% as investors fully digested Friday’s massive outage , which resulted in thousands of canceled flights. Guggenheim downgraded shares of CrowdStrike to a neutral rating from buy on Sunday, citing likely delays to new deals for the company at least in the short term. IQVIA Holdings \u2014 The stock jumped more than 9.2% after the health tech company’s earnings beat expectations for the second quarter. The company posted adjusted earnings of $2.64 per share on revenue of $3.81 billion. Analysts polled by FactSet were expecting $2.56 per share on revenue of $3.79 billion. Nvidia \u2014 Shares advanced about 4.8%. On Monday, Reuters, citing people familiar with the matter, reported that the company is working on a version of its Blackwell chips for the Chinese market. The report added that the new version would be compatible with current U.S. export controls. Verizon \u2014 Shares dropped around 6% after the telecommunications company posted weaker-than-expected quarterly revenue. In the second quarter, the company reported sales of $32.8 billion, below the $33.05 billion FactSet consensus estimate. Adjusted earnings of $1.15 per share came in line with forecasts. Tesla \u2014 The electric vehicle maker’s stock popped more than 5% ahead of the company’s earnings results on Tuesday. On Monday, CEO Elon Musk said humanoid robots will be in production within the company next year. Chinese EV stocks \u2014 Shares of Chinese EV companies surged after the People’s Bank of China said it is cutting the seven-day reverse repo rate to 1.7% from 1.8% . The one-year loan prime rate was also lowered to 3.35%, and the five-year LPR was reduced to 3.85%. Following the news, Xpeng moved 6.5% higher, while Nio and Li Auto gained more than 5% and 4%, respectively. Mattel \u2014 Shares of the toymaker soared more than 15%. Reuters, citing people familiar with the matter, reported that private equity firm L Catterton has approached Mattel with an acquisition offer. The sources emphasized that there is no certainty that the firm’s approach will push Mattel into exploring a sale. Semiconductor stocks \u2014 Investors snapped up shares of chipmakers, which suffered a sharp sell-off last week. The VanEck Semiconductor ETF (SMH) jumped nearly 4%, attempting a comeback from a 9.6% decline last week. On Semiconductor and KLA Corporation each advanced more than 6%, while ASML Holding jumped more than 5%. \u2014 CNBC’s Alex Harring, Hakyung Kim, Lisa Kailai Han and Darla Mercado contributed reporting.<\/span><\/span><\/span><\/span><\/p>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" Check out the companies making headlines in midday trading: Ryanair \u2014 Shares fell 15.4% after the budget airline reported weaker-than-expected fiscal first-quarter earnings . The company said its quarterly profit after tax had fallen 46% and that it expects fares to be lower than expected in the summer months. CrowdStrike \u2014 The cybersecurity stock plunged…<\/p>\n","protected":false},"author":1,"featured_media":84017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-84016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n