Disney and Arm on the rise; PayPal down By Investing.com

Investing.com – Major U.S. stock indexes were mixed on Thursday, as market participants analyzed corporate earnings reports and weighed the latest employment figures, the index rose. approaching the 5,000 mark.

Here are some of the biggest stock price movements in the United States today:

Walt's action Disney Company (NYSE:) rose 11% after the media and entertainment company reported better-than-expected quarterly profits and a stock buyback plan worth $3 billion.

The action arm Holdings (NASDAQ:) surged 60% after the semiconductor intellectual property company raised its annual financial forecast as royalty revenue increased due to increased demand for artificial intelligence technologies.

The actions of Ali Baba (NYSE:) U.S.-traded Group Holding Limited (BABA) fell 2.6% as the deteriorating economic environment in China led the online retail giant to report quarterly profit below expectations. forecasts. Additionally, the expansion of its $25 billion share repurchase program has not materially improved investor sentiment.

The action Under Armor (NYSE:), Inc. (UA) rose 2.8% after the sports apparel and accessories maker raised its annual profit forecast, attributing the rise to lower costs materials and shipping.

Shares of PayPal Holdings, Inc. (NASDAQ:) fell 10.5% after the digital payment service provider predicted a lack of adjusted earnings growth for 2024. However, company executives indicated in discussions with analysts that they were working to streamline operations to strengthen profitability.

GoPro, Inc. (GPRO) stock fell 13% after the action camera company reported lower-than-expected quarterly sales.

Shares of Apollo Global Management, Inc. (APO) edged up 1.3% after the investment management firm reported a nearly 31% increase in adjusted net income, beating market forecasts. financial analysts.

Monolithic Power Systems, Inc. (MPWR) shares rose 15% after reporting strong financial results and positive future outlook. Market experts have highlighted the positive effects linked to artificial intelligence.

The actions of Allstate Corporation (NYSE:) rose 2.4% as the insurance company's quarterly report revealed that higher insurance premiums and reduced losses from natural disasters contributed to higher profits.

Shares of The Hershey Company (NYSE:) rose 6% after the chocolate maker reported financial results and future prospects that were more favorable than some market analysts had anticipated.

Shares of McKesson Corporation (NYSE:) fell 4.9%, although the healthcare company reported quarterly earnings that beat expectations and provided its annual profit guidance. Market expectations were high before the report was released.

Shares of S&P Global Inc. (SPGI) fell 6.3% after the financial information and analytics company released its quarterly results and financial guidance. The company's performance was found to be a little weaker than expected.

Shares of Zimmer Biomet Holdings, Inc. (ZBH) fell 5% after the medical equipment company reported earnings, which fell short of investor expectations. Expectations were high due to the good financial results of similar companies.

Shares of Kenvue Inc. (KVUE) fell 4% as the company reported lower-than-expected financial results and guidance, with its forecast for organic sales growth significantly lowered.

Additional report by Louis Juricic

This article was produced and translated with the help of artificial intelligence and has been reviewed by an editor. For more information, please see our terms and conditions.

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