Apple and Amazon lead midday movers after earnings reports

CNBC··Read original
4▲7 ▼7Impact / 5
Summary · why it matters

Several stocks made big midday moves following earnings reports and other developments. IES Holdings surged over 30% after beating quarterly expectations and approving a two-for-one stock split, while GoDaddy tumbled 20% on disappointing guidance and a cash flow miss. Newell Brands rose 11% after lifting its full-year earnings outlook above consensus, and SPX Technologies rallied 14% on strong results and raised guidance. Veracyte fell 24% despite beating estimates and raising revenue guidance, and Replimune Group soared over 94% after an FDA panel backed its skin cancer drug trial. Jersey Mike's gained 6% on its second day of trading after a weak debut. Chevron added 1.6% on better-than-expected earnings, while ExxonMobil slipped 2% on a profit miss. Moderna dipped 1% despite a top- and bottom-line beat. Amazon jumped 15% on strong revenue and cloud growth, but Apple dropped more than 9% even with higher iPhone sales. Coinbase slid over 12% after a wider-than-expected loss, Reddit sank 22% on search traffic concerns, and Novo Nordisk fell 9% after a drug trial failed to meet its main goal.

Impact on assets 14

Artificial Intelligence± Mixed · 3 stocks
Apple Inc.
AAPL
▼ NegativeCapitalrelevance

Apple dropped more than 9% despite higher iPhone sales, indicating market disappointment with earnings.

Amazon.com Inc
AMZN
▲ PositiveCapitalrelevance

Amazon jumped 15% on strong revenue and cloud growth.

Biotech & Genomic Medicine± Mixed · 3 stocks
Veracyte Inc
VCYT
▼ NegativeCapitalrelevance

Fell 24% despite beating estimates and raising revenue guidance, likely due to other factors.

Moderna Inc
MRNA
▲ PositiveCapitalrelevance

Top- and bottom-line beat, though stock dipped.

Digital Finance & Tokenization▼ · 1 stocks
Energy▲ · 1 stocks
Chevron Corp
CVX
▲ PositiveCapitalrelevance

Chevron added 1.6% on better-than-expected earnings.

Cloud & Digital Infrastructure▼ · 1 stocks
Godaddy Inc
GDDY
▼ NegativeCapitalrelevance

GoDaddy tumbled 20% on disappointing guidance and a cash flow miss.

Consumer Discretionary▲ · 1 stocks
Communication Services▼ · 1 stocks
Longevity & Life Extension▼ · 1 stocks
Novo Nordisk A/S
NVO
▼ NegativeTechnologyrelevance

Drug trial failed to meet main goal, causing 9% drop.

Smart City / Autonomous Infrastructure▲ · 1 stocks
SPX Corp
SPXC
▲ PositiveCapitalrelevance

Strong results and raised guidance drove shares up 14%.

Energy Transition & Power Demand▼ · 1 stocks

Off-coverage companies 1

Jersey Mike's SubsPrivate± Mixed
relevance

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