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In this article SBUX FNKO PYPL BABA 9626-HK BILI 9618-HK JD Follow your favorite stocks CREATE FREE ACCOUNT A customer holds a drink inside a Starbucks coffee shop in San Francisco, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Net sales rose 3.35 to $8.41 billion and Global same-store sales rose 7%. Twilio — Twilio's stock plunged nearly 36%, a day after the company issued a weaker-than-expected sales forecast. On Friday, Cowen downgraded the communication tools company to market perform from outperform, citing deteriorating macro trends. Cloud stocks — Cloud stocks took a hit amid concerns that interest rates will rise for longer than previously expected. Better-than-expected jobs data Friday also fueled concern about the Fed's continued tightening...

A Starbucks location in New York. Scott Mlyn | CNBC Check out the companies making headlines after hours. Block — The mobile payment stock jumped 12% after Block reported third-quarter results that beat on the top and bottom lines. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Analysts polled by Refinitiv were forecasting earnings of 23 cents per share on revenue of $4.49 billion. PayPal — Shares declined more than 6%. PayPal reported earnings that surpassed profit and sales expectations . CEO Dan Schulman announced the company is working with Apple to enhance offerings for PayPal and Venmo merchants and consumers. Carvana — The online used car retailer stock dropped more than 8% after reporting disappointing third-quarter results on the top and bottom lines, according to consensus estimates from Refinitiv. Carvana said it's seeking to decrease expenses given the macro backdrop, and declined to give a 2023 quantitative outlook. Twilio — Shares tumbl...