Qualcomm and Tesla rise while Abiomed and Fluor fall
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
Qualcomm Inc., up 77 cents to $87.14
The chipmaker’s quarterly results beat Wall Street profit forecasts and it expects more than $4.5 billion from a settlement deal with Apple.
Tesla Inc., up $10.09 to $244.10
The electric vehicle maker plans to raise about $2 billion through debt and stock offerings.
Square Inc., down $5.88 to $67.74
The mobile payments services company reported disappointing payment volume during the quarter and gave investors a weak profit forecast.
Abiomed Inc., down $12.30 to $264.77
The heart device maker’s revenue fell short of forecasts during the quarter and it issued a weak revenue forecast for the year.
Zynga Inc., up 31 cents to $5.82
The online games maker reported a surge in bookings during the first quarter and raised its revenue forecast for the year.
Whiting Petroleum Corp., down $3.42 to $23.11
The oil and gas company reported a plunge in revenue and a surprise loss during the quarter.
Under Armour Inc., up 78 cents to $22.82
The sports apparel company swung to a first quarter profit on higher revenue and raised its profit forecast for the year.
Fluor Corp., down $9.43 to $29.72
The engineering and construction company issued an earnings forecast far below what analysts were expecting and reported a huge loss for the quarter.