Eli Lilly — The drug maker’s stock surged 8% after the firm reported second-quarter earnings and revenue that blew past expectations. Eli Lilly also hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Under Armour — Shares popped 19% after the athletic apparel maker topped quarterly estimates and adjusted its full-year profit guidance. Warner Bros. Discovery — Shares of Warner Bros. Discovery sank 12% after the media company wrote down a $9.1-billion non-cash impairment charge on its TV networks business. The company also reported a wider-than-expected loss and fell short of revenue expectations. Occidental Petroleum — Shares of the Houston-based oil and gas firm jumped 4% after the company reported quarterly results that beat analyst expectations. Occidental said it benefited from higher oil production in Colorado and a rise in crude prices. Klaviyo — Klaviyo shares skyrocketed more than 26% after the marketing platform provider surpassed Wall Street’s top-and-bottom-line expectations. The company posted earnings of 15 cents per share and $222 million in revenue. Dutch Bros — Dutch Bros shares sank more than 23% after the coffee chain said it expects new openings for the year to range between 150 and 165 stores. That came in at the lower end of the company’s range and overshadowed a top-and-bottom-line beat for the recent quarter. Parker-Hannifin — Parker-Hannifin popped 11% on stronger-than-expected fiscal fourth-quarter results. The company also issued stronger-than-expected earnings-per-share guidance for the full year. Penn Entertainment — The gaming stock rose 5% after second-quarter revenue topped expectations. Penn reported $1.66 billion in revenue versus $1.65 billion estimated by analysts, according to FactSet. Penn also beat expectations on a key profitability metric. Robinhood — Shares of the retail brokerage rose more than 2% after a better-than-expected report for the second quarter. Robinhood reported 21 cents of earnings per share on $682 million in revenue. Analysts polled by FactSet expected earnings per share of 16 cents and $640.4 million in revenue. Zillow — Zillow shares rallied more than 18% after the real estate platform reported second-quarter earnings that blew past analyst estimates. The company posted adjusted earnings of 39 cents per share and $572 million in revenue. Duolingo — The language learnings platform’s stock jumped 7% on better-than-expected quarterly figures. The move put shares on pace for their biggest one-day gain since February. Bumble — The dating app provider shed 33% on disappointing third-quarter revenue guidance. Revenues for the second quarter also came in below expectations. Thursday’s move would mark the stock’s biggest one-day loss on record. SolarEdge Technologies — Shares tumbled 7.2% after the solar power products company posted an adjusted loss of $1.79 per share for the second quarter, wider than the loss of $1.58 per share expected from analysts polled by LSEG. However, SolarEdge’s quarterly revenue of $265 million topped the $262 million consensus estimate. Celsius Holdings — The energy drink stock retreated 1.3% following Bank of America’s downgrade to underperform from neutral. Bank of America said a slowdown in the energy drink category should have an “outsized” impact on Celsius. JFrog — The software supply chain stock plummeted 30% on light third-quarter guidance. JFrog said it expects earnings to range between 9 cents a share and 11 cents a share, versus an LSEG analyst estimate of 14 cents. Sonos — Shares declined more than 6% after the maker of speakers and sound systems lowered its fiscal 2024 outlook due to problems with its new app rollout. Monster Beverage — Shares sank 11% after Monster Beverage posted disappointing second-quarter results. The company posted earnings of 41 cents per share on $1.90 billion in revenue. That fell short of the 45 cents per share and $2.10 billion in revenue expected by analysts polled by LSEG. Hanesbrands — The maker of t-shirts and underwear jumped 15% after second-quarter earnings excluding one-time items of 15 cents per share topped analysts’ consensus estimate of 9 cents, FactSet data showed. Adjusted gross profit margin and adjusted operating margin were also above the average Wall Street numbers. — CNBC’s Yun Li, Jesse Pound, Alex Harring, Michelle Fox and Scott Schnipper contributed reporting
https://www.cnbc.com/2024/08/08/stocks-making-the-biggest-moves-midday-lly-uaa-wbd-.html
