Midday movers: Apple, PacWest Bancorp, Lyft and more

Investing.com -- Stocks were bouncing higher on Friday after strong earnings from Apple and a rebound in regional bank stocks. Here are the market movers for May 5.

• Apple Inc (NASDAQ: AAPL)shares were up 4.7% after the tech giant beat expectations for sales and profit on strong sales of its iPhones. Sales of the devices reached $51.3 billion, beating expectations.


• PacWest Bancorp (NASDAQ: PACW)shares were surging 75% after coming under pressure in the recent banking sector turbulence. Other regional bank stocks are also rebounding on Friday, including Western Alliance Bancorporation (NYSE: WAL), up 40%, Comerica Inc (NYSE: CMA), up 16.8%, and Zions Bancorporation (NASDAQ: ZION) up 19.4%.


• LYFT Inc (NASDAQ: LYFT)shares were down 20% after the ride-hailing firm provided a second quarter outlook that was slightly weaker than expected on revenue even though it beat expectations for first quarter results.


• Live Nation Entertainment Inc (NYSE: LYV)shares rose 16% as the ticketing and live entertainment company posted a narrower than expected loss for the first quarter.


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  Booking Holdings Inc (NASDAQ: BKNG)shares fell 1.7% after its earnings fell short of expectations. But gross bookings are up 20% from the same time last year, lifting revenue.

  
  

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