Abbott Laboratories saw its shares rise nearly 11% after raising its full-year adjusted earnings guidance to a range of $5.45 to $5.60 per share, exceeding the previous estimate and aligning closely with analyst expectations. ManpowerGroup's stock surged 33% as it projected third-quarter revenue growth of 2% to 6%, surpassing the consensus estimate of 1.7%.
Cintas gained 6.5% following a Bank of America upgrade after reporting better-than-expected fiscal fourth-quarter earnings. Conversely, shares of Cinemark and Imax fell nearly 4% and 2%, respectively, after Wells Fargo downgraded them, citing balanced risk-to-reward ratios. AST SpaceMobile's stock plummeted over 16% after announcing a $1 billion convertible note offering.
UnitedHealth's shares rose 4% after reporting adjusted earnings of $6.38 per share on revenue of $112.03 billion, exceeding analyst expectations and prompting an increase in its full-year earnings outlook. Taiwan Semiconductor Manufacturing's shares dropped 2% despite beating second-quarter earnings estimates, as it raised its full-year capital expenditure guidance significantly.
AtaiBeckley surged 33% after Eli Lilly announced plans to acquire it for $2.8 billion, with potential additional payments based on drug milestones. GE Aerospace's shares fell 4% despite beating earnings expectations and raising its full-year guidance. United Airlines shares declined over 1% after reporting earnings above estimates but providing weaker guidance for the third quarter. J.B.
Hunt Transport Services' stock rose almost 7% after reporting better-than-expected earnings and revenue, driven by increased demand. AeroVironment gained 4% following an upgrade from Raymond James, while Rocket Companies saw a slight increase after Morgan Stanley raised its price target, indicating a potential 30% upside