Stock Gainers:

  • Meta Platforms Inc. (META) rose 8% after beating Wall Street expectations for its second quarter and experiencing a significant increase in ad revenue.

  • Lam Research Corp. (LRCX) increased over 3% as the chipmaking equipment supplier exceeded Wall Street expectations and highlighted the importance of AI servers in driving future growth.

  • Align Technology Inc. (ALGN) saw a jump of nearly 14% as the maker of clear orthodontic braces and straighteners surpassed financial expectations in its latest quarterly report.

  • Imax Corp. (IMAX) reported second-quarter results that exceeded estimates, leading to a 5.5% increase in their stock value.

Stock Decliners:

  • Chipotle Mexican Grill Inc. (CMG) experienced a 9% decrease as inflation impacted its popular menu items.

  • Mattel Inc. (MAT) beat estimated second-quarter results, but the toy maker maintained its full-year outlook due to the contrasting performance of the "Barbie" movie debut and muted demand for toys. Shares fell 1.4%.

  • eBay Inc. (EBAY) dropped up to 5% after its earnings outlook fell short of expectations.

  • Sunnova Energy International Inc. (NOVA) declined over 8% after delivering lower-than-expected revenue for its second quarter and experiencing increased losses.

  • National Vision Holdings Inc. (EYE) witnessed a significant drop of more than 19% after announcing that its contract with Walmart Inc. (WMT) would not be renewed after February.

Teck Resources Revises Copper Production Target for 2023

BT Group Reports Strong First Quarter Results

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