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Exxon Mobil, AMC Entertainment, UPS and more

A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City.

Alexi Rosenfeld | Getty Images

Check out the companies making headlines in midday trading.

Exxon Mobil – Exxon shares advanced more than 5% after the company’s fourth-quarter profit topped analysts’ estimates. The oil giant earned $ 2.05 per share on an adjusted basis, which was ahead of the $ 1.93 analysts surveyed by Refinitiv were expecting. Revenue came in at $ 84.97 billion, which was below the expected $ 91.85 billion. The company said it paid down $ 9 billion in debt during the period, bringing its debt level to pre-pandemic levels.

UPS – Shares of the delivery company surged 13% following the company’s fourth-quarter results and upbeat guidance. The company earned an adjusted $ 3.59 per share, while analysts surveyed by Refinitiv were expecting $ 3.10. Revenue also topped expectations and UPS announced a 49% dividend increase.

AMC Entertainment – Shares of the movie theater chain surged more than 11% after the company announced fourth-quarter preliminary results that topped expectations. AMC said it was able to cap off 2021 with “the strongest quarter in two years,” led by movies like “Spider-Man: No Way Home.”

Sirius XM – Shares of the satellite radio and streaming audio service company jumped more than 3% after a better-than-expected earnings report. Sirius beat estimates by a penny with quarterly earnings of 8 cents per share, according to Refinitiv. Its revenue also surpassed expectations. Sirius also announced a special dividend of 25 cents per share.

Carnival Corp. – Shares of the major cruise operators rose in midday trading on Tuesday. Carnival Corp. added more than 5%. Norwegian Cruise Line and Royal Caribbean rose 5.1% and 4.7%, respectively.

Pitney Bowes – Shares of the mailing company cratered 15% in midday trading after missing Wall Street’s estimates for its quarterly earnings. Pitney Bowes reported EPS of 6 cents per share, below the 11 cents per share forecast by analysts, according to Refinitiv.

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AT&T – Shares of AT&T fell more than 4% after the telecom company announced it will spin off WarnerMedia in a $ 43 billion merger with Discovery. AT&T also said it will cut its dividend by nearly half. Meanwhile, Discovery shares rose 1.7%.

UBS Group – Shares of UBS Group rallied about 8% in midday trading after the Zurich-based bank announced plans to increase its dividend as well as boost its share buyback program. UBS also posted net profit attributable to shareholders of $ 1.35 billion for the fourth quarter, down from $ 1.64 billion a year prior.

Cirrus Logic – Shares of the semiconductor company fell 6% despite beating on the top and bottom lines of its quarterly results. The company also gave strong fiscal fourth-quarter revenue guidance.

Stanley Black & Decker – Shares of the toolmaker dropped less than 1% after Stanley Black & Decker reported fourth-quarter revenue that was well below expectations. The company said supply chain issues hurt sales volume.

– with reporting from CNBC’s Yun Li, Pippa Stevens, Jesse Pound and Hannah Miao.

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