Alphabet, Boeing rise; Spotify, CoStar Group fall
Published
Stocks that traded heavily or had substantial price changes Wednesday:
Alphabet Inc., up $83.88 to $2,721.88.
The parent company of Google reported that its profits increased nearly threefold in the latest quarter.
Starbucks Inc., down $3.62 to $122.41.
The coffee chain lowered its forecast for sales growth in China, its second-largest market outside the U.S.
Boeing Co., up $9.30 to $231.57.
The airplane maker reported its first quarterly profit since 2019 and its revenue topped forecasts.
Pfizer Inc., up $1.35 to $43.45.
The drugmaker's revenue nearly doubled thanks to strong sales of its COVID-19 vaccine and other medicines.
Spotify Inc., down $13.61 to $223.32.
The Luxembourg-based music and podcast streaming service missed a user growth target.
CoStar Group Inc., down $2.07 to $86.95.
The provider of commercial real estate information cut its earnings forecast for the full year.
Teladoc Health Inc., up 80 cents to $151.81.
The telehealth services provider gave investors a mixed financial report, with weak earnings, but solid revenue.
Bunge Ltd., up $3.31 to $78.51.
The agribusiness company reported earnings and revenue that easily surpassed analysts' estimates.