McKesson, Monster Beverage fall; Eli Lilly, Zillow rise, Thursday, 8/8/2024

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

McKesson Corp., down $70 to $547.51.

The prescription drug distributor’s revenue forecast for the year fell short of analysts’ expectations.

Monster Beverage Corp., down $5.52 to $45.01.

The energy drink maker’s second-quarter financial results fell short of Wall Street forecasts.

Warner Bros. Discovery Inc., down 69 cents to $7.02.

The owner of HBO, CNN and DC Comics reported disappointing second-quarter earnings and revenue.

Eli Lilly and Co., up $73.17 to $845.31.

The drugmaker raised its earnings and revenue forecasts for the year.

Duolingo Inc., up $17.59 to $178.99.

The language-learning app beat analysts’ second-quarter earnings and revenue forecasts.

Zillow Group Inc., up $7.35 to $47.70.

The real estate website operator beat Wall Street’s second-quarter earnings forecasts.

Bumble Inc., down $2.35 to $5.71.

The online dating app cut its revenue forecast for the year.

Topgolf Callaway Brands Corp., down 25 cents to $11.97.

The golf club and driving range company slashed its earnings forecast for the year.

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 This material may not be published, broadcast, written or redistributed.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