Ford, Qualcomm Rise; Citrix Systems, PayPal Fall

Ford, Qualcomm Rise; Citrix Systems, PayPal Fall

Stocks that traded heavily or had substantial price changes Thursday:

Yum Brands Inc., up $7.70 to $130.31.

The owner of the KFC and Taco Bell chains reported encouraging second-quarter financial results.

LendingClub Corp., up $7.77 to $24.02.

The company, which connects borrowers and lenders online, reported a surprise second-quarter profit.

Meritage Homes Corp., up $11.21 to $106.90.

The homebuilder handily beat Wall Street’s second-quarter profit and revenue forecasts.

Ford Motor Co., up 53 cents to $14.39.

The automaker reported a surprise second-quarter profit on strong sales of pickup trucks and SUVs.

Citrix Systems Inc., down $15.55 to $99.

The cloud computing company cut its profit and revenue forecasts for the year.

PayPal Holdings Inc., down $18.81 to $283.17.

The digital payments company reported weak second-quarter revenue and gave investors a disappointing financial forecast.

Altice USA Inc., down $2.85 to $31.26.

The cable television providers second-quarter profit fell short of analysts forecasts.

Qualcomm Inc., up $8.55 to $150.99.

The chipmaker’s fiscal third-quarter profit and revenue beat Wall Street forecasts.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Read all the Latest News, Breaking News and Coronavirus News here

Source link

Hi, my name is Ankita Dixit. I started writing from young age and most of my writing skills and knowledge are self taught. Currently, I am working as a professional writer at I have write on various topics including travel, motivation, finance, technology, credit cards, insurance and entrepreneurship etc.