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Eli Lilly — The drug maker’s inventory surged 8% after the agency reported second-quarter earnings and income that blew previous expectations. Eli Lilly additionally hiked its full-year income outlook by $3 billion as gross sales of its blockbuster diabetes drug Mounjaro and weight reduction injection Zepbound spike. Underneath Armour — Shares popped 19% after the athletic attire maker topped quarterly estimates and adjusted its full-year revenue steerage. Warner Bros. Discovery — Shares of Warner Bros. Discovery sank 12% after the media firm wrote down a $9.1-billion non-cash impairment cost on its TV networks enterprise. The corporate additionally reported a wider-than-expected loss and fell in need of income expectations. Occidental Petroleum — Shares of the Houston-based oil and gasoline agency jumped 4% after the corporate reported quarterly outcomes that beat analyst expectations. Occidental mentioned it benefited from increased oil manufacturing in Colorado and an increase in crude costs. Klaviyo — Klaviyo shares skyrocketed greater than 26% after the advertising and marketing platform supplier surpassed Wall Avenue’s top-and-bottom-line expectations. The corporate posted earnings of 15 cents per share and $222 million in income. Dutch Bros — Dutch Bros shares sank greater than 23% after the espresso chain mentioned it expects new openings for the 12 months to vary between 150 and 165 shops. That got here in on the decrease finish of the corporate’s vary and overshadowed a top-and-bottom-line beat for the latest quarter. Parker-Hannifin — Parker-Hannifin popped 11% on stronger-than-expected fiscal fourth-quarter outcomes. The corporate additionally issued stronger-than-expected earnings-per-share steerage for the total 12 months. Penn Leisure — The gaming inventory rose 5% after second-quarter income topped expectations. Penn reported $1.66 billion in income versus $1.65 billion estimated by analysts, based on FactSet. Penn additionally beat expectations on a key profitability metric. Robinhood — Shares of the retail brokerage rose greater than 2% after a better-than-expected report for the second quarter. Robinhood reported 21 cents of earnings per share on $682 million in income. Analysts polled by FactSet anticipated earnings per share of 16 cents and $640.4 million in income. Zillow — Zillow shares rallied greater than 18% after the true property platform reported second-quarter earnings that blew previous analyst estimates. The corporate posted adjusted earnings of 39 cents per share and $572 million in income. Duolingo — The language learnings platform’s inventory jumped 7% on better-than-expected quarterly figures. The transfer put shares on tempo for his or her greatest one-day acquire since February. Bumble — The courting app supplier shed 33% on disappointing third-quarter income steerage. Revenues for the second quarter additionally got here in beneath expectations. Thursday’s transfer would mark the inventory’s greatest one-day loss on report. SolarEdge Applied sciences — Shares tumbled 7.2% after the solar energy merchandise firm posted an adjusted lack of $1.79 per share for the second quarter, wider than the lack of $1.58 per share anticipated from analysts polled by LSEG. Nonetheless, SolarEdge’s quarterly income of $265 million topped the $262 million consensus estimate. Celsius Holdings — The vitality drink inventory retreated 1.3% following Financial institution of America’s downgrade to underperform from impartial. Financial institution of America mentioned a slowdown within the vitality drink class ought to have an “outsized” affect on Celsius. JFrog — The software program provide chain inventory plummeted 30% on gentle third-quarter steerage. JFrog mentioned it expects earnings to vary between 9 cents a share and 11 cents a share, versus an LSEG analyst estimate of 14 cents. Sonos — Shares declined greater than 6% after the maker of audio system and sound methods lowered its fiscal 2024 outlook as a consequence of issues with its new app rollout. Monster Beverage — Shares sank 11% after Monster Beverage posted disappointing second-quarter outcomes. The corporate posted earnings of 41 cents per share on $1.90 billion in income. That fell in need of the 45 cents per share and $2.10 billion in income anticipated by analysts polled by LSEG. Hanesbrands — The maker of t-shirts and underwear jumped 15% after second-quarter earnings excluding one-time objects of 15 cents per share topped analysts’ consensus estimate of 9 cents, FactSet knowledge confirmed. Adjusted gross revenue margin and adjusted working margin have been additionally above the common Wall Avenue numbers. — CNBC’s Yun Li, Jesse Pound, Alex Harring, Michelle Fox and Scott Schnipper contributed reporting
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