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Snap and Capri Holdings rise while Electronic Arts tumbles

Stocks that moved substantially or traded heavily on Wednesday:

Snap Inc., up $1.55 to $8.59

The social media company beat Wall Street forecasts on a surge in revenue that helped slash its quarterly loss in half.

Capri Holdings Ltd., up $4.92 to $48.47

The clothing company beat Wall Street forecasts on a boost in sales of its Jimmy Choo footwear and Michael Kors line.

Electronic Arts Inc., down $12.31 to $80.21

The video game maker’s quarterly results fell short of forecasts and it gave a weak outlook as it faces increased competition.

Skyworks Solutions Inc., up $8.73 to $84.69

The chipmaker reported mixed results and a weak outlook but announced a $2 billion stock buyback program.

Regeneron Pharmaceuticals Inc., down $14.48 to $406.56

The biotechnology company blew past Wall Street forecasts for the fourth quarter on increased sales of its eye medication Eylea.

Boston Scientific Corp., up $1.02 to $38.77

The medical device maker beat Wall Street forecasts on sales growth in each of its key units, which include heart devices and surgical equipment.

Cummins Inc., down 47 cents to $149.35

The engine maker’s profit fell short of Wall Street forecasts.

Spirit Airlines Inc., down $2.05 to $60.90

The airline’s fourth-quarter profit fell just short of forecasts as it faced higher fuel costs and pilot wages.

Spotify Inc., down $3.95 to $135.45

The music streaming service is buying podcast companies Gimlet and Anchor as it looks to take on Apple’s popular iTunes podcasting platform.

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