Amgen, Airbnb fall; Fortinet, Dynatrace rise, Wednesday, 8/7/2024

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday:

Novo Nordisk, down $10.89 to $119.23.

The drug developer’s second-quarter financial results fell short of Wall Street forecasts.

Amgen Inc., down $16.45 to $312.50.

The biotechnology company’s second-quarter earnings fell short of analysts’ forecasts.

Airbnb Inc.. down $17.46 to $113.01.

The short-term rental giant’s revenue forecast for its current quarter fell short of Wall Street expectations.

Super Micro Computer Inc., down $124.24 to $492.70.

The server technology company’s fiscal fourth-quarter financial results fell short of analysts’ forecasts.

Fortinet Inc., up $14.12 to $69.93.

The network security company raised its earnings forecast for the year.

Trex Co., down $16.49 to $60.07.

The maker of fencing and decking products trimmed its revenue forecast for the year.

Cirrus Logic Inc., up $8.69 to $124.

The chipmaker’s revenue forecast for its current quarter surpassed Wall Street expectations.

Dynatrace Inc., up $5.95 to $46.44.

The software intelligence company beat analysts’ fiscal first-quarter earnings forecasts.

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up