Gilead Sciences and Monster Beverage are among the companies experiencing notable stock movements at midday following recent earnings announcements.
Trade Desk Faces Downgrades
Trade Desk shares plummeted 37% after several Wall Street firms, including Bank of America, downgraded the stock. Despite strong earnings, CEO Jeff Green cautioned about potential revenue growth slowdown due to pressures from tariffs and inflation.
Gen Digital’s Cybersecurity Demand
Gen Digital saw its shares rise over 9% as demand for its cybersecurity tools increased. The company raised its annual revenue and profit forecasts after surpassing fiscal first-quarter expectations.
Natera’s Revenue Surge
Natera’s stock surged around 11% after its second-quarter revenue exceeded Wall Street’s highest estimates. The company also raised its full-year gross margin and revenue forecasts.
Goodyear’s Financial Struggles
Goodyear Tire & Rubber fell about 18% after reporting a loss of 17 cents per share in the second quarter, missing Wall Street’s profit expectations. The company anticipates increased costs due to inflation and tariffs.
MP Materials’ Narrower Loss
MP Materials gained 2% after reporting a smaller-than-expected second-quarter loss. Revenue also surpassed analyst predictions.
Live Nation’s Positive Outlook
Live Nation Entertainment’s stock rose 2% as the company reported a strong start to the summer concert season, despite mixed second-quarter results.
Monster Beverage’s Earnings Beat
Monster Beverage shares climbed over 6% after exceeding second-quarter expectations with adjusted earnings of 51 cents per share.
Gilead Sciences’ Strong Results
Gilead Sciences gained nearly 9% with second-quarter results surpassing expectations. Adjusted earnings and revenue both exceeded forecasts.
Under Armour’s Decline
Under Armour’s stock dropped 22% after reporting first-quarter results that fell short of estimates.
Figs’ Revenue Outlook
Figs’ shares fell over 6% despite beating second-quarter earnings expectations. The company projects slow revenue growth for 2025.
Sweetgreen’s Revenue Guidance Cut
Sweetgreen’s stock sank 26% after missing second-quarter expectations and lowering its full-year revenue guidance.
Viavi Solutions’ Earnings Beat
Viavi Solutions’ shares rose 7% following better-than-expected fiscal fourth-quarter results.
Yelp’s Revenue Guidance Narrowed
Yelp’s shares fell 6% after narrowing its full-year revenue guidance, which fell short of analyst expectations.
LegalZoom’s Upgrade
LegalZoom.com surged around 34% after an upgrade from Bank of America, which also raised its price target for the stock.
Expedia’s Positive Earnings
Expedia’s stock climbed over 3% after reporting second-quarter earnings and revenue that topped expectations.
Microchip Technology’s Guidance
Microchip Technology’s shares dropped 5% after issuing guidance that did not meet Wall Street’s expectations.
Pinterest’s Earnings Miss
Pinterest fell 8% after reporting earnings that missed analyst estimates, despite higher-than-expected revenue.
Doximity’s Acquisition
Doximity’s shares rose over 11% after announcing the acquisition of Pathway Medical and reporting strong fiscal first-quarter results.
Take-Two Interactive’s Forecast
Take-Two Interactive Software’s shares fell despite better-than-expected results and an increased annual bookings forecast.
Tripadvisor’s Earnings Beat
Tripadvisor’s shares rose over 14% after reporting adjusted earnings that exceeded expectations, despite disappointing revenue.
