Check out the companies making headlines in midday trading: Ford Motor — The automaker’s stock fell more than 17% after reporting second-quarter earnings that missed Wall Street’s expectations. Ford posted adjusted earnings per share of 47 cents compared to the consensus forecast of 68 cents, according to LSEG. However, automotive revenue of $44.81 billion came in above the consensus estimate of $44.02 billion. Viking Therapeutics — Shares surged more than 33% following the drug developer’s announcement that its experimental obesity treatment, VK2735, will be moved to a phase 3 clinical trial. The company also said that an oral version of the drug will begin phase 2 trials in the fourth quarter. Molina Healthcare — Shares advanced more than 15% after the company reaffirmed its full-year guidance for adjusted earnings of at least $23.50 per share. This is slightly above the $23.09 per share that analysts polled by FactSet were expecting. Molina’s earnings and revenue also beat expectations for the second quarter. Edwards Lifesciences — The stock plunged more than 25% after it slashed its guidance for transcatheter aortic valve replacements. Edwards also reported second-quarter adjusted earnings of 70 cents a share, a penny above expectations, per LSEG. For the third quarter, Edwards sees revenue ranging between $1.56 billion and $1.64 billion. Analysts had estimated revenue of $1.62 billion. ServiceNow — The software stock surged 14% after reporting stronger-than-expected earnings and an increased annual subscription revenue forecast . Separately, Chief Operating Officer CJ Desai resigned after an internal investigation into the hiring of the former chief information officer of the U.S. Army. American Airlines — Shares rose more than 6% after the airline beat earnings estimates for the second quarter. American Airlines posted adjusted earnings of $1.09 per share, above the $1.05 analysts were expecting, per LSEG. Revenue, however, came in weaker than expected and the company slashed its full-year forecast. Honeywell — Shares moved more than 4% lower after the industrial giant’s full-year outlook missed analysts’ expectations. The company sees third-quarter earnings between $2.45 and $2.55 per share, which is lower than a StreetAccount estimate of $2.58 per share. Southwest Airlines — Shares of the air carrier rose about 6% after better-than-expected results for the second quarter. Southwest earned 58 cents per share, excluding certain items, on $7.35 billion of revenue. Analysts surveyed by LSEG had estimated 51 cents per share on $7.32 billion of revenue. The company also said it would end open seating . RTX — The aerospace and defense supplies manufacturer rallied more than 8% after second-quarter earnings topped estimates. RTX earned $1.41 per share, excluding items, compared to analysts’ estimate of $1.30 per share, according to LSEG. The company also posted $19.79 billion in revenue, topping forecasts as well. Lululemon — Shares of the athletic retailer slipped 7% on the back of a Citi downgrade to neutral from buy. The firm said a category slowdown will be “tough to outrun,” while execution difficulties can lead to increased competition and promotional pressures. Hasbro — The toymaker jumped nearly 4% after beating expectations for the second quarter and raising its guidance for the full year. Hasbro earned $1.22 per share, excluding items, on $995 million in revenue, while analysts polled by LSEG anticipated 78 cents a share in earnings and $944 million in revenue. AbbVie — The biopharmaceutical stock jumped more than 4% after the company reported second-quarter results that beat the Street’s expectations. AbbVie posted earnings of $2.65 per share, excluding items, compared to the LSEG consensus estimate of $2.57 per share. Revenue also came in above expectations at $14.46 billion compared to the $14.03 billion consensus estimate. International Business Machines — The stock advanced more than 5% after the company beat expectations for the second quarter. International Business Machines posted adjusted earnings of $2.43 per share on $15.77 billion in revenue. According to LSEG, analysts were expecting earnings to come in at $2.20 per share on $15.62 billion in revenue. Northrop Grumman — The defense stock climbed more than 5% after the company beat second-quarter earnings expectations. Northrop Grumman earned $6.46 per share on revenue of $10.22 billion. Analysts had expected $5.93 per share in profits on revenue of $10.02 billion, per LSEG. The company also raised its full-year forecast. Nasdaq — The stock spiked more than 6% after the financial services company reported better-than-expected second-quarter results. Nasdaq posted earnings of 69 cents per share, excluding items, on revenue of $1.16 billion. Analysts surveyed by LSEG had estimated earnings of 64 cents per share on $1.13 billion in revenue. Align Technology — Shares of the Invisalign aligner manufacturer slipped about 6% after its forecast disappointed and revenue was slightly worse than expected. Adjusted earnings came out at $2.41 per share for the second quarter, shy of the $2.30 per share estimate. Revenue of $1.03 billion for the period was below the consensus expectation of $1.04 billion. Align expects clear aligner volume and systems and services revenue to fall due to third-quarter seasonality. — CNBC’s Alex Harring, Yun Li, Pia Singh, Hakyung Kim and Jesse Pound contributed reporting.