Eli Lilly — Shares of Eli Lilly soared 8% after the drugmaker reported second-quarter profit and revenue that beat estimates. Eli Lilly also raised its full-year revenue forecast by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight-loss injection Zepbound surge. Under Armor — Shares rose 19% after the athletic apparel maker beat quarterly estimates and revised full-year profit guidance. Warner Bros. Discovery — Warner Bros. Discovery shares fell 12% after the company took a $9.1 billion write-down of non-cash impairment charges on its television network business. The company also reported a larger-than-expected loss and revenue that missed expectations. Occidental Petroleum — Shares of Occidental Petroleum rose 4% after the Houston-based oil and gas company reported quarterly results that topped analysts’ expectations. Occidental Petroleum said it benefited from increased oil production in Colorado and rising crude prices. Klaviyo — Shares of Klaviyo surged more than 26% after the marketing platform provider beat Wall Street’s top and bottom-line expectations. The company reported earnings of 15 cents per share on revenue of $222 million. Dutch Bros — Shares of coffee chain Dutch Bros fell more than 23% after the company said it expects to open between 150 and 165 new stores this year. The figure was at the lower end of the company’s range, masking top- and bottom-line growth in the most recent quarter. Parker-Hannifin — Parker-Hannifin shares rose 11% on stronger-than-expected fourth-quarter results. The company also issued stronger-than-expected full-year earnings per share guidance. Penn Entertainment — Gaming stocks rose 5% after second-quarter revenue beat estimates. Penn State reported revenue of $1.66 billion, compared with analysts’ estimates of $1.65 billion, according to FactSet. Penn State also beat expectations on a key profitability metric. Robinhood — The retail brokerage’s second-quarter report beat expectations, sending shares up more than 2%. Robinhood reported earnings of 21 cents per share on revenue of $682 million. Analysts polled by FactSet expected earnings of 16 cents per share on revenue of $640.4 million. Zillow — Shares of Zillow real estate platform rose more than 18% after the company reported second-quarter profit that beat analysts’ expectations. The company reported adjusted earnings of 39 cents per share on revenue of $572 million. Duolingo — Shares of the language-learning platform rose 7% on better-than-expected quarterly data. The move put shares on track for their biggest one-day gain since February. Bumble — The dating app provider’s shares fell 33% after disappointing third-quarter revenue guidance. Second-quarter revenue also fell short of expectations. Thursday’s move would mark the stock’s biggest one-day drop ever. SolarEdge Technologies — Shares fell 7.2% after the solar products company reported a second-quarter adjusted loss of $1.79 per share, above the $1.58 per share expected by analysts polled by LSEG. However, SolarEdge’s quarterly revenue of $265 million beat consensus estimates of $262 million. Celsius Holdings – Shares of the energy drink fell 1.3% after Bank of America downgraded the stock to underperform from neutral. Bank of America says the slowdown in the energy drink category will have a “huge” impact on Celsius. JFrog — Software supply chain stock plunges 30% on weak third-quarter guidance. JFrog said it expected earnings per share to be between 9 cents and 11 cents, while LSEG analysts expected 14 cents. Sonos – The speaker and sound system maker cut its fiscal 2024 outlook due to problems with a new app rollout, sending the company’s shares down more than 6%. Monster Beverage — Monster Beverage shares fell 11% after the company reported disappointing second-quarter results. The company reported earnings of 41 cents per share on revenue of $1.9 billion. That was below the 45 cents per share and $2.1 billion in revenue that analysts polled by LSEG expected. Hanesbrands — The T-shirt and underwear maker earned 15 cents a share excluding one-time items in the second quarter, beating analysts’ consensus estimate of 9 cents, sending its shares up 15%, FactSet data showed. Adjusted gross margin and adjusted operating margin were also above Wall Street averages. —CNBC’s Li Yun, Jesse Pond, Alex Harlin, Michelle Fox and Scott Schnieper contributed reporting
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