Shares in Advanced Micro Devices Inc.
AMD,
shot up 7.8% toward its biggest gain since May after a third-quarter beat for the chip maker and an upbeat outlook for an artificial-intelligence (AI) product, although some on Wall Street remained cautious.
Generac Holdings Inc. shares
GNRC,
charged up 13.5% to lead the S&P 500 index’s gainers, after the generator maker reported third-quarter profit and revenue that beat expectations, amid strong shipments of residential standby generators.
Kraft Heinz Co.’s stock
KHC,
climbed more than 3% after the consumer food and beverage giant topped third-quarter profit expectations and lifted its full-year outlook, while sales came up a bit shy.
Shares of Spirit AeroSystems Holdings Inc.
SPR,
were up more than 5% after the aircraft components maker reported a narrower-than-expected third-quarter loss.
Crispr Therapeutics AG‘s stock
CRSP,
hiked up 11% after a positive meeting of a Food and Drug Administration advisory panel on a treatment for sickle-cell disease raised hopes it will win regulatory approval.
TG Therapeutics Inc. shares
TGTX,
blasted 32% higher in very active trading, after the biopharmaceutical company reported third-quarter results that were multiples above what was expected, as adoption of its multiple sclerosis treatment Briumvi “continues to grow.”
Scotts Miracle-Gro Co.’s stock
SMG,
rallied 22% after the lawn-care products company reported a narrower-than-expected fiscal fourth-quarter loss and revenue that fell a lot less than feared.
Shares of XPeng Inc.
XPEV,
jumped 6% after the China-based electric vehicle maker reported October vehicle deliveries that rose 292% from a year ago. Fellow China-based EV makers also reported October sales, and shares of Li Auto Inc.
LI,
gained 3.6% and of Nio Inc.
NIO,
tacked on 0.1%.
Wingstop Inc.’s stock
WING,
flew nearly 7% after the operator of chicken restaurants topped third-quarter earnings estimates by a wide margin.
Shares of Cellectis S.A.
CLLS,
ALCLS,
rocketed 170% on heavy volume after the France-based biotechnology company announced an equity investment of $220 million from AstraZeneca PLC
AZN,
AZN,
as part of a collaboration agreement that leverages Cellectis’ gene editing technologies.
Apollo Global Management Inc.’s stock
APO,
were driven up 8% after the private-equity firm said it swung to a third-quarter profit and beat the analyst target for total asset management fee-related revenue.
Novovax Inc.
NVAX,
shares jumped more than 3% after the U.S. pharma firm’s new COVID vaccine gained approval in the European Union.
Shares of Frontdoor Inc.
FTDR,
rallied 14% after the home-service plan provider beat earnings expectations for the third quarter and raised its full-year outlook.
Stock decliners:
WeWork Inc.
WE,
shares plummeted 50% after The Wall Street Journal reported that the co-working-space provider was planning to file for bankruptcy protection.
CVS Health Corp.’s stock
CVS,
fell 2% after the drugstore chain and health-services company posted stronger-than-expected third-quarter earnings but cut profit guidance for the full year and sounded downbeat on its 2024 outlook.
Paycom Software Inc.’s stock
PAYC,
tanked 38% after the company posted mixed quarterly earnings and the outlook for fourth quarter came in short.
Shares of Estée Lauder Inc.
EL,
plunged 17% toward a 6-year low, after the beauty-products company reported a surprise fiscal first-quarter profit but provided a second-quarter outlook that was well below expectations and slashed its full-year forecast.
Norwegian Cruise Line Holdings Ltd. shares
NCLH,
took a 3% hit after the cruise operator reported record third-quarter revenue, but provided a downbeat fourth-quarter profit outlook and lowered its full-year outlook as consumers grew cautious about sailings to the Middle East region.
SunPower Corp.’s stock
SPWR,
sank 9% after the solar energy provider reported downbeat third-quarter results and cut its full-year outlook, citing lower-than-expected consumer demand and delayed revenue recognition from longer cycle times.
Lumen Technologies Inc. shares
LUMN,
dropped 28% toward a 19-year low, and a record one-day selloff, as news of an agreement with creditors failed to outweigh disappointing commentary on revenue-growth expectations.
Fresh Del Monte Produce Inc. shares
FDP,
took a 13% dive after the distributor of fresh fruit and vegetables posted earnings that fell short of estimates.
Shares of Big 5 Sporting Goods Corp.
BGFV,
slid 22% after the sportswear seller forecast a net loss and a drop in same-store sales for its fourth quarter.
Shares of Yum China Holdings Inc.
YUMC,
fell 19% after the owner of KFC, Pizza Hut and other fast-food brands in China missed expectations for its third quarter and said it sees softening demand ahead.
Match Group Inc.’s
MTCH,
stock slumped 17% after the Tinder owner posted underwhelming guidance for the fourth quarter in warning investors about a drop in revenue from Israel.
Livent Corp.’s stock
LTHM,
declined 4% after the lithium-ore miner missed Wall Street expectations for its third quarter and lowered its guidance for the year.
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