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In today’s midday trading, several companies are making headlines with their performance. Fortinet, a cybersecurity stock, saw a 25% surge after posting a strong second-quarter report and upbeat current quarter guidance. Similarly, Shopify, a Canadian e-commerce company, popped nearly 18% after beating expectations for the second quarter.
On the flip side, Lyft declined more than 17% after posting softer-than-expected third-quarter guidance, while Airbnb shares plummeted over 13% due to weaker-than-expected revenue guidance. Super Micro Computer saw a 20% drop in shares after an earnings miss, despite strong guidance driven by artificial intelligence demand.
Meanwhile, Lumen Technologies surged 32.6% after posting second-quarter revenue that exceeded expectations. Upstart Holdings soared 39.5% following better-than-expected quarterly results, while Novo Nordisk’s shares tumbled over 8% after disappointing second-quarter results.
V.F. Corporation jumped about 7% after better-than-expected first-quarter earnings, while Sunrun shares spiked 11% due to CEO Mary Powell’s announcement of potential partnerships. Global Payments rose 7% after beating second-quarter earnings estimates, and Amgen saw a 5% decrease in shares after missing Wall Street’s earnings expectations.
Rivian Automotive dipped nearly 7% despite topping expectations for certain metrics, and Advanced Micro Devices fell over 1% despite being reiterated as a top pick by Piper Sandler. Reddit shares sank about 6.8% even after posting strong second-quarter results.
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