{"id":36476,"date":"2023-10-26T22:13:29","date_gmt":"2023-10-26T22:13:29","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/meta-ups-comcast-ibm-servicenow-align-hasbro-whirlpool-sunnova-and-more-market-movers\/"},"modified":"2023-10-26T22:13:31","modified_gmt":"2023-10-26T22:13:31","slug":"meta-ups-comcast-ibm-servicenow-align-hasbro-whirlpool-sunnova-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=36476","title":{"rendered":"Meta, UPS, Comcast, IBM, ServiceNow, Align, Hasbro, Whirlpool, Sunnova, and More Market Movers"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000779768\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Stocks fell sharply Thursday and bond yields dropped as a slide in technology shares overshadowed stronger-than-expected growth for the U.S. economy.<\/p>\n<p>These stocks were making moves Thursday:\u00a0<\/p>\n<p>\n        Meta Platforms<br \/>\n       (META) posted third-quarter earnings that beat analysts\u2019 expectations but shares of the parent company of Facebook and Instagram fell 3.7% after a warning from the company\u2019s chief financial officer about weaker advertising demand so far in the fourth quarter.\u00a0<\/p>\n<div class=\"paywall\">\n<p>Third-quarter earnings at<br \/>\n        International Business Machines<br \/>\n       (IBM) edged Wall Street estimates, and the company\u2019s CEO said IBM\u2019s push into artificial intelligence was starting to pay off. The stock rose 4.9%.<\/p>\n<p>\n        United Parcel Service<br \/>\n       (UPS) dropped 5.9% after third-quarter revenue missed analysts\u2019 estimates and the shipping company reduced its fiscal-year revenue outlook.<\/p>\n<p>\n        Comcast<br \/>\n       (CMCSA) fell 8.4%. Third-quarter earnings topped Wall Street forecasts but the company lost 18,000 domestic broadband customers in the period. Subscribers to its video business also fell.<\/p>\n<p>\n        ServiceNow<br \/>\n       (NOW) posted better-than-expected third-quarter adjusted earnings and raised its full-year financial guidance. The IT workflow-management software company said it has continued to add generative artificial intelligence across its product line. Shares rose 3.9%.<\/p>\n<p>\n        Align Technology<br \/>\n       (ALGN) fell 25% after the maker of Invisalign orthodontic aligners reported third-quarter adjusted earnings and revenue that missed analysts\u2019 estimates. The company said the results reflected \u201clower-than-expected demand and a more difficult macro environment than we experienced in the first half of 2023.\u201d<\/p>\n<p>\n        Whirlpool<br \/>\n       (WHR) fell 16% after revised earnings guidance from the appliance maker and margin concerns outweighed a quarterly earnings beat.<\/p>\n<p>\n        Endeavor Group<br \/>\n       (EDR) jumped 26% after private-equity firm Silver Lake said it was looking to take the sports and entertainment company private. Silver Lake owns about 71% of Endeavor\u2019s voting stake.<\/p>\n<p>\n        Mattel<br \/>\n      \u2018s (MAT) third-quarter earnings beat expectations and the toy maker raised its profit forecast for the fiscal year. Sales in the third quarter rose 9% to $1.92 billion, driven by growth in its dolls segment, such as Barbie and Disney Princess dolls. The stock, however, dropped 7.6% after Mattel warned of slowing demand as it enters the holiday season.<\/p>\n<p>Fellow toy maker<br \/>\n        Hasbro<br \/>\n       (HAS) declined 12%. The company\u2019s third-quarter earnings and revenue missed analyst expectations and Hasbro slashed its full-year outlook.<\/p>\n<p>\n        Bristol Myers Squibb<br \/>\n       (BMY) posted third-quarter earnings and revenue that beat Wall Street estimates but sales of cancer-fighting drug Revlimid fell during the period. The stock was down 6.4%.<\/p>\n<p>\n        Sunnova Energy International<br \/>\n       (NOVA) was up 16% after the residential and commercial solar energy company said it has taken \u201cseveral actions to increase corporate liquidity\u201d that have lowered its capital needs in 2024 to zero from an anticipated $500 million.<\/p>\n<p>\n        Amazon.com<br \/>\n       (AMZN) was down 1.3% ahead of its latest earnings report.<\/p>\n<p>\n        Intel<br \/>\n       (INTC) fell 0.9% ahead of its own report.<\/p>\n<p>Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/stock-market-movers-b59b2e69?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks fell sharply Thursday and bond yields dropped as a slide in technology shares overshadowed stronger-than-expected growth for the U.S. economy. These stocks were making moves Thursday:\u00a0 Meta Platforms (META) posted third-quarter earnings that beat analysts\u2019 expectations but shares of the parent company of Facebook and Instagram fell 3.7% after a warning from the company\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-36476","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Meta, UPS, Comcast, IBM, ServiceNow, Align, Hasbro, Whirlpool, Sunnova, and More Market Movers | Prosfunds<\/title>\n<meta name=\"description\" content=\"Stocks fell sharply Thursday and bond yields dropped as a slide in technology 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