U.S. stocks showed sharp moves Thursday across aerospace, tech, healthcare, and consumer sectors as earnings reports, guidance updates, and new deals drove trading activity.
Aerospace and travel
Firefly Aerospace surged 34% to close at $60.35 after its Nasdaq debut under the “FLY” ticker. The IPO priced at $45 per share, above the expected range. Airbnb fell 8% despite a second-quarter beat, as the company warned of softer revenue in the second half of the year, guiding $4.02 billion to $4.10 billion against analysts’ $4.05 billion forecast.
Technology and software
AppLovin popped nearly 12% after posting earnings of $2.26 per share on $1.26 billion in revenue, topping estimates. Guidance also exceeded expectations. AMD jumped 5.7%, rebounding from Tuesday’s weak results, helped by new semiconductor tariffs. Paycom gained 4.5% after a beat-and-raise quarter with earnings of $2.06 per share on $483.6 million in revenue, both above consensus. HubSpot slipped 6% despite beating second-quarter estimates, with revenue of $760.9 million and adjusted earnings of $2.19 per share, as shares gave up early gains.
Fortinet plunged 22% after offering weak guidance despite meeting revenue expectations of $1.63 billion. E.l.f. Beauty sank 9.5% after reporting a 30% profit decline, citing tariff impacts. Topgolf Callaway rose 9% after reporting second-quarter earnings of 24 cents per share on $1.11 billion in revenue, crushing expectations of 2 cents per share. Rogers Corp. gained 2% after activist investor Starboard Value disclosed a 9% stake. Duolingo climbed 13.8% on a strong earnings beat and raised revenue guidance.
Healthcare and biotech
Becton, Dickinson & Co. rose 8.9% after raising its fiscal 2025 outlook to $14.30–$14.45 per share, above prior guidance. Zimmer Biomet gained 8% on raised full-year earnings guidance of $8.10–$8.30 per share. Eli Lilly fell 14% despite topping estimates and raising guidance, after a trial of its weight-loss pill showed 12% average body weight reduction at 72 weeks. Warner Bros. Discovery slid more than 7% after free cash flow of $702 million and operating cash flow of $983 million both missed estimates.
Consumer and other movers
Dutch Bros soared 21.6% after a second-quarter beat and stronger same-store sales, guiding higher for the year. Aris Water Solutions rose 19% after agreeing to be acquired by Western Midstream Partners in a $1.5 billion equity-and-cash deal. Shares of Western Midstream dipped less than 1% on the news.
