Check out the companies making headlines in midday trading: Shake Shack — The stock gained nearly 17% after the burger chain’s revenue topped estimates. Shake Shack earned 27 cents per share, excluding items, on revenue of $316 million, above the LSEG estimate of $314 million. Shake Shack also narrowed its full-year revenue estimate to between $1.22 billion and $1.25 billion from a prior range of $1.24 billion to $1.25 billion, per FactSet. C.H. Robinson — Shares popped more than 14% after the logistics company posted stronger-than-expected second-quarter earnings of $1.15 per share, excluding items, compared to a consensus estimate of 96 cents, according to analysts surveyed by LSEG. Revenue of $4.48 billion, however, came in slightly below expectations of $4.53 billion. Mobileye Global — Shares fell more than 22% after the company lowered its revenue and adjusted operating income forecast for the full year. That is despite posting better-than-expected earnings and revenue for the second quarter. Moderna — The drugmaker’s shares fell around 21% after cutting its full-year sales guidance . Moderna expects lower European sales, a competitive environment for respiratory vaccines in the U.S. and deferred international revenue to hurt its results. However, it topped second-quarter revenue estimates and posted a narrower-than-expected loss for the quarter. Teladoc — The telehealth stock moved nearly 9% lower after the company posted weaker-than-expected second-quarter revenue. Teladoc reported $642 million for the period, below the consensus estimate of $650 million that analysts surveyed by LSEG were expecting. Rolls-Royce — Shares jumped more than 5% after the company said it is resuming dividends for the full year with a 30% pay-out ratio of underlying profit after tax. Rolls-Royce also upped its 2024 profit outlook after reporting strong results for the first half of the year. Air Products and Chemicals — The industrial gases company’s stock surged around 9% after beating Wall Street’s earnings expectations. Air Products and Chemicals posted earnings of $3.20 per share, excluding items, above the consensus estimate of $3.03 per share, according to FactSet. That is despite revenue coming in below expectations. Meta — The tech giant’s shares jumped nearly 5% after the company reported second-quarter earnings that beat Wall Street’s expectations and offered a rosy revenue forecast. The Facebook parent said net income soared 73% year over year, reflecting hefty cost-cutting initiatives that started in late 2022. Meta executives also showed how the company’s heavy spending on artificial intelligence is already starting to pay off. MGM Resorts — The stock declined more than 13% despite the casino operator surpassing second-quarter earnings expectations. MGM earned 86 cents per share on $4.33 billion in revenue. Analysts surveyed by LSEG expected 62 cents per share in profits on revenue of $4.22 billion. Carvana — Shares spiked around 10% after the company beat the Street’s expectations for the second quarter. Carvana earned 14 cents per share on revenue of $3.41 billion. Analysts surveyed by LSEG expected a loss of 7 cents per share on $3.24 billion in revenue. The used-car retailer also said it expects 2024 to be a record year. Arm Holdings — Shares of Arm Holdings sank more than 15% after the chip design company offered light current-quarter guidance . The company said it expects adjusted earnings to range between 23 cents and 27 cents per share. Analysts polled by LSEG were looking for 27 cents. Crocs — Shares fell more than 2% even though the company surpassed second-quarter earnings and revenue expectations. Crocs earned $4.01 per share, excluding items, on revenue of $1.11 billion. The company also raised its full-year estimates. Etsy — Shares dropped more than 7% after the e-commerce company reported mixed second-quarter results. While Etsy beat revenue expectations, posting $648 million compared to the $630 million LSEG estimate, adjusted earnings of 41 cents per share came in weaker than anticipated. Qualcomm — The stock fell more than 9% despite the company beating fiscal third-quarter estimates . However, the company said trade policy could affect its revenue. “When you look at a year-over-year basis, we expect revenue growth to be largely consistent with the year-over-year growth we saw in December quarter last year,” Chief Financial Officer Akash Palkhiwala said in an earnings call with analysts. — CNBC’s Samantha Subin, Yun Li and Michelle Fox contributed reporting.