Eli Lilly, Fox rise; Beyond Meat, RingCentral fall, Tuesday, 8/8/2023
By AP News - Aug 08, 2023, 12:15 PM ET
Last Updated - Aug 08, 2023, 12:15 PM EDT
Stocks that are trading heavily or have substantial price changes on Tuesday: Eli Lilly, Fox rise; Beyond Meat, RingCentral fall
NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Tuesday:
Eli Lilly and Co. (LLY), up $75.13 to $529.21.
The drug developer reported strong second-quarter earnings and surprisingly good sales of its diabetes treatment Mounjaro.
Celanese Corp. (CE), down 2.34 to $122.39.
The chemical company cut its profit forecast for the year.
RingCentral Inc. (RNG), down $5.47 to $33.51.
The cloud-based phone system provider for small businesses said Tarek Robbiati will replace CEO Vlad Shmunis.
Beyond Meat Inc. (BYND). down $2.86 to $12.42.
The plant-based meat company trimmed its sales forecast for the year.
United Parcel Service Inc. (UPS), down, down 50 cents to $181.65.
The package delivery company reported weak second-quarter revenue and trimmed its sales forecast for the year.
Fox Corp. (FOX), up $1.51 to $32.65.
The TV broadcasting company beat analysts' fiscal fourth-quarter earnings and revenue forecasts.
The New York Times Co. (NYT), up $2.94 to $43.76.
The newspaper publisher reported strong second-quarter financial results.
International Flavors & Fragrances Inc. (IFF), down $14.05 to $66.29.
The ingredients producer for food, cosmetics and consumer products industries cut its sales forecast for the year.