IES Holdings saw a remarkable increase of over 30% in its shares after reporting quarterly results that exceeded expectations and announcing a two-for-one stock split. In contrast, GoDaddy's shares plummeted 20% following disappointing guidance, despite reaffirming its free cash flow target of approximately $1.8 billion for the year.
Newell Brands' stock rose 11% after it raised its earnings forecast for the year, now expecting earnings of 73 to 77 cents per share, surpassing previous estimates. SPX Technologies also rallied 14% after reporting strong second-quarter results and raising its full-year outlook. Veracyte's shares fell 24% despite beating analyst expectations, as investors were unimpressed with the overall results.
Replimune Group's shares surged over 94% after an FDA advisory panel supported its drug trial results for skin cancer, prompting an upgrade from Wedbush Securities. Jersey Mike's shares increased 6% on its public debut, although it opened below its offering price.
Chevron's shares rose 1.6% after reporting a nearly 400% increase in net income to $12.1 billion, while ExxonMobil's shares fell 2% due to weaker-than-expected earnings. Moderna's shares dropped 1% despite beating earnings expectations, and Amazon's shares jumped 15% after reporting strong revenue and cloud growth, with its cloud segment growing 37% year over year.
Apple saw a decline of over 9% despite strong iPhone sales, while Coinbase's shares fell more than 12% after reporting a significant loss. Reddit's shares dropped 22% amid concerns over search-referral traffic, despite beating earnings expectations. Lastly, Novo Nordisk's shares fell 9% after its drug trial results were disappointing