Movers & Shakers: Shares of Amazon, Intel climb after earnings beats, as NatWest and Sanofi tumble on warnings, and other stocks on the move

by | Oct 27, 2023 | Stock Market

Here are some of the day’s biggest movers: Stock gainers: Intel Corp. stock
jumped 8% after the chipmaker beat expectations for its third quarter and delivered an upbeat forecast for the current quarter. Inc.
shares rose 5% after the e-commerce giant delivered a massive earnings beat. Stock of Decker Outdoors Corp.
rallied 10% after the maker of Ugg boots and Hoka sneakers reported fiscal second-quarter results that sailed past Wall Street expectations, saying demand for its products continued to be strong. Shares of DexCom Inc.
soared 14% after of maker of glucose monitoring systems reported quarterly profit that beat expectations by a wide margin, and boosted its revenue outlook. Stock decliners: Shares in NatWest Group Plc
fell 9% after the British bank cut its outlook and admitted “serious failings” in its dealings with Brexit campaigner Nigel Farage. Sanofi shares
plunged 16% after the French pharmaceutical company issued a profit warning due to higher taxes and higher investments in research and development. Shares of Ford Motor Co.
dropped 4% after the automaker withdrew guidance, citing the pending agreement with the United Auto Workers, and revealed a $1.3 billion loss for its EV unit. Enphase Energy Inc.‘s
stock tanked 17% after the maker of batteries and other solar-power components missed quarterly revenue expectations and provided a current-quarter outlook that was well below forecasts. Charter Communications Inc.‘s stock
fell nearly 6% in premarket trading after it said it added fewer internet subscribers than expected in the third quarter.

Article Attribution | Read More at Article Source

Share This