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 beat analysts’ expectations. Occidental Petroleum said it benefited from increased oil production in Colorado and higher 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 real estate platform Zillow rose more than 18% after reporting 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 — The energy drink stock fell 1.3% after Bank of America downgraded its rating 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 expected by analysts polled by LSEG. 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
