Boston Beer Co Inc

Jakub Porzycki | Nurphoto | Getty ImagesCheck out the companies making headlines in midday trading.Twilio — Shares jumped 14.2% after Twilio beat revenue expectations in its most recent quarter. The communications firm posted revenue of $1.02 billion, slightly better than the Refinitiv consensus estimate of $1 billion.West Pharmaceutical Services — Shares spiked 14.5% after West Pharmaceutical Services topped profit and sales expectations in its fourth quarter. The drug and health care products maker posted adjusted…

In this photo illustration, a hand holding a TV remote control points to a screen that displays the Roku logo.Rafael Henrique | Lightrocket | Getty ImagesCheck out the companies making headlines after hours.Roku — Shares spiked roughly 12% after Roku beat on the top and bottom lines in its latest quarter. The streaming device company reported a loss of $1.70 per share, better than the forecasted $1.73 per share from analysts polled by Refinitiv. Roku posted $867 million in revenue, greater than the consensus estimate of…

Vita Coco water.Tim P. Whitby | Getty ImagesFor nearly two decades, Vita Coco has sold its coconut water to health-conscious consumers as a fresh way to hydrate. This year, it's changing the pitch.The beverage company is pushing its namesake brand into new use cases and occasions, partnering with Diageo on a canned cocktail and marketing the drink as a hangover aid.Co-founder Mike Kirban compared Vita Coco's transformation to that of Ocean Spray, the agricultural cooperative that sells cranberry products."Ocean Spray is a…

Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesCheck out the companies making the biggest moves midday:Carvana — Carvana shares shed more than 15%, with trading briefly halted at one point due to volatility. The sell-off comes after the used-car seller's worst day ever on Friday, when the company had an earnings miss and Morgan Stanley pulled its rating and price target for the stock.Meta Platforms — Shares of Facebook owner Meta jumped 4.7% following a Wall Street Journal report over the weekend saying the…

Witthaya Prasongsin | Moment | Getty ImagesBeer is taking up less of the American booze market as beverage companies flood the market with buzzy new drink categories, including ready-to-drink cocktails.Even legacy beer companies have expanded outside of their staple beer products with innovations for spirits drinkers.Anheuser-Busch InBev, the world's largest brewer, has diversified its portfolio to include hard seltzers, canned wine and canned cocktails. Molson Coors dropped the "Brewing Co" from its name in 2019 to…

Check out the companies making headlines in midday trading.Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively.Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. The Washington Post reported on…

The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022.Dado Ruvic | ReutersCheck out the companies making headlines in midday trading.Generac — Shares were trading down 25% after the company cut its expected full-year revenue growth to a range of 22% to 24%, down from 36% to 40%, which is also below Wall Street expectations. The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate.Netflix…

Boxes of Cutwater Tiki Rum Mai Tai canned cocktails in a retail store in Pleasant Hill, California, February 11, 2022.Gado | Archive Photos | Getty ImagesHard seltzer has lost its fizz. Now canned cocktails are all the buzz.Also known as ready-to-drink, or RTD, cocktails, the canned drinks were the fastest-growing spirits category last year, with $1.6 billion in revenue. That's a 42% percent increase from the year before, according to the Distilled Spirits Council of the United States. To compare, sales of hard seltzer…

Earnings season is entering full swing on Wall Street, and CNBC's Jim Cramer said Monday that investors would be wise to take a wait-and-see approach toward shares of companies that are about to report quarterly numbers."In this environment, it's always going to be fragile on the upside and easy on the downside, because the bears … have the upper hand. Just keep in mind you should never buy this market when it's up. That's a fool's game. I want you to wait for weakness like we had before you ever pull the trigger," the…

Check out the companies making headlines before the bell:GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjusted basis will begin on July 22.Seagen (SGEN) – Seagen gained 4.5% in premarket trading after the Wall Street Journal reported that Merck (MRK) is in advanced talks to acquire the biotech company for more than $200 per share, or about $40 billion.Virgin Galactic (SPCE) – The space tourism company's stock rallied 3.7% in…