Stocks making the biggest moves midday (2) :

$Warner Bros Discovery(WBD.US)$ — The media giant’s shares fell more than 4% after the company warned its 2022 profit would be lower than expected. Chief financial officer Gunnar Wiedenfels cited “unexpected projects” and weaker first-quarter WarnerMedia operating profit on the company’s earnings call.

$Waste Management(WM.US)$ — The waste services company got a 5.7% boost in its shares after it reported earnings and revenue for the first quarter that topped analysts’ estimates. The company made a profit of $1.29 per share, versus estimates of $1.14, according to FactSet’s StreetAccount. Revenue came in at $4.66 billion, compared to expectations of $4.45 billion.

$Zions Bancorp(ZION.US)$ — The regional bank’s shares dropped more than 7% following a downgrade by Raymond James to market perform. The company also posted net interest income that was lower than estimates, according to FactSet’s StreetAccount. Zions’ financial guidance, which was unchanged, included moderate growth over the next year.