Check out the companies making headlines in midday trading.Kimberly-Clark — The stock was up 1.6% after its quarterly earnings and revenue came in higher than analysts’ estimates, according to FactSet. Kimberly-Clark, maker of Kleenex, raised its 2023 adjusted earnings growth to a range between 6% to 10% year over year, topping analysts’ expectations of 5.7% growth. Brown & Brown — Shares rallied 3.9% after the company’s earnings and revenue in the first quarter came above Wall Street’s expectations. The insurance company posted 84 cents in adjusted earnings per share and $1.11 billion in revenue. Analysts polled by FactSet had anticipated 82 cents in earnings per share and $1.07 billion in revenue. First Republic Bank — Shares of the regional bank plummeted as much as 44%. First Republic said Monday that deposits fell by 40% to $104.5 billion during the first quarter, which came below Wall Street’s expectations. Trading was briefly paused Tuesday afternoon. The San Francisco-based bank said that its deposit flows have since stabilized. Shares have tumbled about 90% year to date. Fiserv — The global payments processor’s shares jumped 3.6%. Fiserv’s first-quarter earnings per share and revenue topped analysts’ estimates, according to FactSet. The company also raised its full-year outlook and said it expects organic revenue growth between 8% to 9%. Centene — The health-care operator’s shares gained 3% after Centene reported a beat on its adjusted earnings and revenue for the first quarter. The company’s full-year guidance for 2023 also came above expectations. To be sure, Centene’s full-year outlook for 2024 is below analysts’ estimates, according to FactSet. Laboratory Corp. of America — Shares were down almost 4% after the company released its first-quarter earnings report. LabCorp posted $3.82 in adjusted earnings per share and revenue of $3.78 billion. Meanwhile, Wall Street had estimated $3.96 in earnings per share and revenue of $3.69 billion, according to FactSet. The company slightly increased its full-year earnings guidance, but it still remains lower than analysts’ estimates. MSCI — The stock fell 10% after a mixed earnings report for the first quarter. MSCI posted $3.14 in adjusted earnings per share, topping FactSet analysts’ estimates of $3. However, the company’s $592.2 million quarterly revenue fell below the $593.9 million anticipated by Wall Street. Cal-Maine Foods — Shares of egg producer Cal-Maine Foods tumbled more than 4% after Stephens downgraded shares to equal weight from overweig …
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