Amazon, Intel, Chipotle, Deckers, DexCom Stock Rise on Strong Quarterly Results; Ford, Sanofi, Chart Industries Fall on Disappointing Earnings
Strong financial forecasts and better-than-expected third quarter earnings drive Amazon, Intel, Chipotle, Deckers, and DexCom stocks up; meanwhile, Ford, Sanofi, and Chart Industries experience drop on unimpressive financial outcomes.
- Amazon's share price rose by around $8 on the back of strong third-quarter earnings and revenue, pushing its stock value up to $127.74.
- Intel also experienced an upward trend with an increase of $3.02 to reach $35.54, boosted by a strong financial forecast for its current quarter.
- Chipotle outpaced Wall Street's third-quarter profit forecasts, leading to a substantial increase in its stock price by $81.12 to hit $1,887.59.
- Deckers Outdoor witnessed a steep rise in its stock value by $91.79 to reach $576.37 after reporting impressive fiscal second-quarter financial results.
- DexCom raised its annual revenue forecast, reflecting a positive outlook and resulting in a $8.20 increase in share price to $89.29.
- However, it wasn't all positive as Ford experienced a drop of $1.39, bringing its stock value down to $9.96 due to weak third-quarter financial results.
- Sanofi's share price suffered a substantial decrease of $10.20 to hit $43.13 following its disappointing third-quarter financial results.
- Lastly, Chart Industries, an equipment supplier for the energy sector, also reported weak third-quarter earnings and revenue leading to a drop of $36.46 in its stock price to $110.12.