{"id":43868,"date":"2023-08-03T05:36:17","date_gmt":"2023-08-03T09:36:17","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/qualcomm-and-paypal-shares-fall-after-earnings-and-other-movers\/"},"modified":"2023-08-03T05:36:19","modified_gmt":"2023-08-03T09:36:19","slug":"qualcomm-and-paypal-shares-fall-after-earnings-and-other-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=43868","title":{"rendered":"Qualcomm and PayPal shares fall after earnings, and other movers"},"content":{"rendered":"
\n

Here are some of the biggest movers in Thursday\u2019s premarket action:<\/p>\n

Stock gainers:<\/strong><\/p>\n

Upwork Inc.<\/strong>\u2018s
\n UPWK,
\n -0.50%<\/bg-quote>
\n stock rallied 18% after the platform for freelancers narrowed its quarterly loss, swinging to an adjusted profit, and reported revenue above Wall Street expectations. <\/p>\n

\n

Shares of Clorox Co. <\/strong>
\n CLX,
\n +0.49%<\/bg-quote>
\n jumped nearly 6% after the maker of eponymous cleaning products reported quarterly profit and sales well above Wall Street expectations and called for higher earnings and revenue for the year as well.<\/p>\n

Unity Software Inc. <\/strong>shares
\n U,
\n -8.50%<\/bg-quote>
\n rallied more than 5% after the app-monetization and game-engine company raised its annual forecast and posted a narrower-than-expected loss.<\/p>\n

SunRun Inc.<\/strong>\u2018s stock
\n RUN,
\n -6.84%<\/bg-quote>
\n was up 7% after the solar-power company missed revenue expectations for the second quarter but delivered a surprise profit. <\/p>\n

Shares of EVgo Inc.<\/strong>
\n EVGO,
\n -2.75%<\/bg-quote>
\n \u00a0\u00a0jumped 15% after the company, which runs a network of electric-vehicle charging stations, gave a more upbeat full-year sales outlook and reported second-quarter results that were better than expected.<\/p>\n

DoorDash Inc<\/strong>.
\n DASH,
\n -0.70%<\/bg-quote>
\n shares were up 4.4%. The delivery app reported a slightly bigger second-quarter loss than expected but sales that beat estimates.<\/p>\n

Stock decliners: <\/strong><\/p>\n

Shares of Qualcomm Inc. <\/strong>
\n QCOM,
\n -2.13%<\/bg-quote>
\n dropped more than 8% after the chip maker tied revenue growth to recoveries in the smartphone market and China. <\/p>\n

PayPal Holdings Inc. <\/strong>stock
\n PYPL,
\n -3.08%<\/bg-quote>
\n fell 8% after the payments company reported quarterly revenue slightly above Wall Street expectations but its credit business raised concerns. <\/p>\n

Shares of Etsy Inc.<\/strong>
\n ETSY,
\n -2.57%<\/bg-quote>
\n lost 9% despite a headline beat for the online marketplace company.<\/p>\n

Lemonade Inc.\u2019s<\/strong>
\n LMND,
\n -2.35%<\/bg-quote>
\n stock price soured, dropping more than 6% after the mobile-based insurance company cleared Wall Street expectations but succumbed having rallied more than 60% year to date.<\/p>\n

QuantumScape Corp.<\/strong>
\n QS,
\n -11.26%<\/bg-quote>
\n shares fell 10% after the solid-state battery maker said it planned a $300 million stock offering. <\/p>\n

MGM Resorts International<\/strong>\u00a0
\n MGM,
\n -1.54%<\/bg-quote>
\n shares fell nearly 7% despite the casino and resort operator reporting second-quarter results that beat expectations, helped by the lifting of pandemic restrictions in global gaming hub Macau.<\/p>\n

Robinhood Markets Inc.<\/strong>
\n HOOD,
\n -3.34%<\/bg-quote>
\n shares fell 6% after the stock-trading app reported revenue and profit that beat expectations but a drop in transaction sales and monthly active users. <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here are some of the biggest movers in Thursday\u2019s premarket action: Stock gainers: Upwork Inc.\u2018s UPWK, -0.50% stock rallied 18% after the platform for freelancers narrowed its quarterly loss, swinging to an adjusted profit, and reported revenue above Wall Street expectations. Shares of Clorox Co. CLX, +0.49% jumped nearly 6% after the maker of eponymous […]<\/p>\n","protected":false},"author":1,"featured_media":43869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-43868","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nQualcomm and PayPal shares fall after earnings, and other movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Here are some of the biggest movers in Thursday\u2019s premarket action: Stock gainers: Upwork Inc.\u2018s UPWK, -0.50% stock rallied 18% after the platform for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=43868\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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