Stock Market Update: Lions Gate Surprises with Profit, Plug Power Plunges on Supply Warning
Originally Published 2 years ago — by MarketWatch
Synaptics Inc. stock surged after beating revenue and earnings estimates, while Lions Gate Entertainment Corp. reported a surprise profit despite the impact of the Hollywood strike. Dentsply Sirona Inc. announced a $1 billion stock buyback, but Plug Power Inc. shares plunged due to supply challenges. Trade Desk Inc. saw a drop in stock price after disappointing guidance, and Diageo expects a 20% sales decline in Latin America and the Caribbean. Illumina Inc. cut its sales and profit outlook, Hawaiian Electric Industries Inc. fell due to uncertainty from wildfires, and Neurocrine Biosciences Inc. dropped after two failed drug studies.