Snap and Teradyne rise while Caterpillar and iRobot fall
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday:
Snap Inc., up $2.78 to $17.61
The company behind messaging app Snapchat beat Wall Street’s second quarter financial forecasts.
Caterpillar Inc., down $6.19 to $131.91
The construction equipment company’s second quarter profit fell well short of analysts’ forecasts because of weak energy sector demand.
Texas Instruments Inc., up $8.93 to $129
The chipmaker’s second quarter profit far exceeded analysts’ forecasts and eased concerns about chip demand.
Teradyne Inc., up $9.85 to $57.94
The maker of semiconductor testing equipment gave investors a strong profit forecast after beating Wall Street’s second quarter financial expectations.
Chipotle Mexican Grill Inc., up $38.36 to $777.96
The Mexican food chain reported a solid increase in online orders during the second quarter and exceeded analysts’ financial forecasts.
iRobot Corp., down $15.12 to $74.51
The company behind the Roomba vacuum slashed its profit forecast for the year because of the U.S.-China trade war and tariffs.
United Parcel Service Inc., up $9.12 to $114.39
Demand for next-day delivery helped push the package delivery service’s second quarter financial results beyond Wall Street forecasts.
Tupperware Brands Corp., down $3.40 to $14.42
The storage container maker slashed its profit and sales outlook for the year because of lower consumer spending.