Meta Platforms, Teladoc, Credit Suisse

Check out the companies making headlines in midday trading Thursday.

Meta Platforms — The Facebook parent slumped 24.6% after issuing weak guidance for the current quarter and missing earnings estimates for the third quarter. Meta Platforms also shared its second consecutive quarterly revenue, with its Reality Labs unit losing more than $9 billion, and got hit by a slew of analyst downgrades.

Caterpillar — Shares of the construction equipment maker jumped 7.7% following the company’s quarterly earnings report, which included beats on both the top and bottom lines. Earnings came in at $3.95 per share on revenue of $14.99 billion, compared to estimates of $3.16 per share on revenue of $14.33 billion, according to Refinitiv.

McDonald’s — The fast-food giant’s shares got a 3.4% lift after the company beat earnings expectations for its most recent quarter. Traffic is growing in U.S. restaurants, McDonald’s reported, even after raising prices.

Align Technology — The Invisalign maker saw its shares tumble 18.1% after it posted disappointing earnings for the most recent quarter. Align reported $1.36 per share in earnings on revenue of $890 million. Analysts expected $2.18 per share on revenue of $953 million, according to Refinitiv.

Credit Suisse — Shares of the Swiss bank plummeted 20% after Credit Suisse posted a greater-than-expected loss for the third quarter. Credit Suisse also shared a restructuring plan to overhaul its struggling business.

Sleep Number — Shares dropped 22.9% after Sleep Number issued a weak fourth-quarter outlook, citing softer demand and semiconductor supply chain issues.

Energy stocks — A slew of energy stocks rose midday as oil prices moved higher. Baker Hughes, Marathon Oil and Phillips 66 each gained more than 1%. Shell‘s stock gained 5.1% on a strong earnings report that showed the oil giant’s quarterly profits more than double year over year.

ServiceNow — The stock jumped 13.4% after ServiceNow surpassed earnings expectations in its most recent quarter. Separately, MoffettNathanson upgraded ServiceNow to outperform from market perform, saying the software stock could be a “new home” for mega-cap tech investors after its earnings results.

Comcast — The media giant’s stock rose 1.5% after topping analysts’ earnings expectations for the third quarter. Despite the topline beat, Comcast posted a slight revenue miss and a continuation of slowing growth in its broadband customer segment.

Teladoc Health – Shares of Teledoc…