Ford, eBay, Tesla, Merck, more

Check out the companies making headlines in midday trading.

Ford Motor — Shares of the automaker soared more than 9% after a stellar earnings report. Ford Motor, which reported earnings Wednesday, nearly doubled Wall Street’s earnings expectations and slightly beat revenue projections for the third quarter. The automaker also increased its annual guidance for the second time this year.

eBay — The e-commerce company’s stock fell roughly 6.3% after a weak fourth-quarter revenue guidance. eBay topped earnings expectations by 1 cent per share and beat revenue estimates, according to Refinitiv, however.

Tesla — Shares of Tesla continued climbing as Piper Sandler hiked its price target on the electric vehicle stock to a new Street high. The stock traded up 3.2%. Piper Sandler raised its share price forecast to $1,300 from $1,200, implying 25% potential upside from Wednesday’s close.

Apple, Amazon — Big Tech names Apple and Amazon traded higher ahead of their quarterly earnings reports after the bell Thursday. Apple gained 2.3%, while Amazon rose 2.1%.

Caterpillar — Shares of Caterpillar rose 3.3% after it reported a third-quarter beat on bottom-line estimates despite a slight revenue miss. The heavy equipment maker recorded earnings of $2.66 per share, beating analysts’ estimates of $2.20.

Merck — The drug maker jumped more tahn 5% after reporting its quarterly earnings. Merck brought in $1.75 per share, beating estimates by 20 cents, and topping revenue estimates thanks to stronger sales of vaccines and cancer drugs.

Anheuser-Busch — Shares of the beer brewer soared 8.5% after a surprise increase in third-quarter profit. The company also raised its earnings forecast for the year.

Northrop Grumman – Shares of the defense contractor dropped more than 6% after the the company’s third-quarter revenues came in at $8.72 billion, short the expected $8.95 billion, according to Refinitiv. The company saw year-over-year sales declines in its aeronautics and defense segments. Northrop did beat expectations for earnings per share.

Twilio — Shares of Twilio sunk more than 15% despite better-than-expected quarterly earnings results. Twilio earned 1 cent per share, better than the 15 cent loss per share expected, according to Refinitiv. Revenue also came in above estimates. However, Twilio forecast a wider-than-expected loss in the fourth quarter. COO George Hu also announced his departure.

Teradyne — Teradyne’s stock surged 11% after a better-than-expected earnings report. The equipment maker reported adjusted profit of $1.59 per share on revenue of $950.5 million. Analysts surveyed by StreetAccount expected earnings of $1.43 per share on revenue of $932.9 million. Teradyne also received upgrades from Cowen and UBS following the earnings report.

Tempur Sealy — The mattress company’s shares fell…