Tesla and PayPal surge while Twitter and Ford tumble
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday.
Tesla Inc., up $45 to $299.68
The electric car maker reported a surprise profit and reaffirmed its goal to sell 360,000 vehicles this year.
Align Technology Inc., up $31.97 to $249.47
The maker of the Invisalign tooth-straightening system beat analysts' third-quarter profit forecasts.
Lam Research Corp., up $32.42 to $265.50
The semiconductor equipment maker gave investors a surprisingly strong forecast after beating Wall Street's fiscal first-quarter profit expectations.
PayPal Holdings Inc., up $8.27 to $104.91
The digital payments company reported a boost in payment volume that helped it beat Wall Street's third-quarter profit forecasts.
Twitter Inc., down $8.08 to $30.75
The social media company's third-quarter profit and revenue fell short of Wall Street expectations and it issued a disappointing revenue forecast.
Ford Motor Co., down 61 cents to $8.60
The carmaker slashed its earnings forecast for the year after reporting tumbling profit during its third quarter.
3M Co., down $6.87 to $161.89
The maker of Post-it notes, industrial coatings and ceramics cut its full-year profit forecast.
EBay Inc., down $3.58 to $35.62
The e-commerce company gave investors a weak revenue forecast for the fourth quarter, which includes the key holiday shopping season.