– Eli Lilly — The drugmaker’s stock rose 8% after the company reported second-quarter earnings and revenue that beat expectations. Eli Lilly also raised its full-year revenue forecast by $3 billion as sales of its popular diabetes drug Mounjaro and weight-loss injection Zepbound soared. – Under Armour — Shares rose 19% after the athletic apparel maker beat quarterly estimates and revised its full-year earnings guidance. – Warner Bros. Discovery — Shares of Warner Bros. Discovery fell 12% after the media company wrote down a $9.1 billion non-cash impairment charge on its television network business. The company also reported a larger-than-expected loss and missed revenue expectations. – Occidental Petroleum — Shares of the Houston-based oil and gas company jumped 4% after the company reported quarterly results that beat analysts’ expectations. Occidental said it benefited from higher oil production in Colorado and higher crude prices. Klaviyo shares surged more than 26% after the marketing platform provider beat Wall Street expectations from the top and bottom lines. The company reported earnings of 15 cents per share on revenue of $222 million. Dutch Bros — Shares of Dutch Bros fell more than 23% after the coffee chain said it expects new store openings this year to be between 150 and 165. That came in at the lower end of the company’s range and overshadowed the top and bottom lines of the most recent quarter. Parker-Hannifin — Parker-Hannifin rose 11% on stronger-than-expected fiscal fourth-quarter results. The company also issued stronger-than-expected guidance for full-year earnings per share. Penn Entertainment — The gaming stock rose 5% after second-quarter revenue beat expectations. Penn reported revenue of $1.66 billion versus analysts’ estimates of $1.65 billion, according to FactSet. Penn also beat expectations on a key measure of profitability. Robinhood — Shares of the retail brokerage firm rose more than 2% after a better-than-expected second-quarter report. Robinhood reported 21 cents in earnings per share on $682 million in revenue. Analysts polled by FactSet had expected 16 cents in earnings per share and $640.4 million in revenue. Zillow — Shares of Zillow rose more than 18% after the real estate platform reported second-quarter earnings that beat analysts’ estimates. The company reported adjusted earnings of 39 cents per share and $572 million in revenue. Duolingo — Shares of the language-learning platform jumped 7% on better-than-expected quarterly numbers. The move put the stock on track for its biggest one-day gain since February. Bumble — The dating app provider shed 33% on disappointing third-quarter revenue guidance. Its second-quarter revenue also missed expectations. Thursday’s move would mark the stock’s biggest one-day loss ever. SolarEdge Technologies — Shares fell 7.2% after the solar energy products company reported an adjusted loss of $1.79 per share for the second quarter, which was higher than the $1.58 loss expected by analysts surveyed by LSEG. However, SolarEdge’s quarterly revenue of $265 million beat the consensus estimate of $262 million. Celsius Holdings — The energy drink stock fell 1.3% after Bank of America downgraded it to underperform from neutral. Bank of America said the slowdown in the energy drink category should have a “significant” impact on Celsius. JFrog — The software supply chain stock fell 30% on soft third-quarter guidance. JFrog said it expects earnings to range between 9 cents per share and 11 cents per share, versus the LSEG analyst estimate of 14 cents. Sonos — Shares fell more than 6% after the speaker and audio system maker cut its fiscal 2024 outlook due to problems rolling out its new app. Monster Beverage — Shares fell 11% after Monster Beverage posted disappointing second-quarter results. The company reported earnings of 41 cents a share on $1.90 billion in revenue. That was below the 45 cents a share and $2.10 billion in revenue expected by analysts surveyed by LSEG. Hanesbrands — The T-shirt and underwear maker jumped 15% after its second-quarter earnings excluding one-time items of 15 cents a share beat analysts’ consensus estimate of 9 cents, according to FactSet data. Its adjusted gross margin and adjusted operating margin were also above Wall Street’s average numbers. – CNBC's Yun Li, Jesse Pound, Alex Haring, Michelle Fox and Scott Schnipper contributed to this report.
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