Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Qualcomm (QCOM) shares are lower after it gave a lackluster profit forecast, citing a “broad-based increase” in costs for components and manufacturing. Earnings will be $2.15 to $2.35 a share in the three months ending in December, with revenue expected to be $10.4 billion to $11.2 billion in the period.
- Arm Holdings (ARM) is falling after it gave a revenue forecast of about $1.54 billion in the fiscal third quarter, which left investors underwhelmed.
- AppLovin (APP) is soaring after the mobile-app marketing company’s third-quarter results beat expectations and it gave an outlook that is above the analyst consensus estimate.
- Zillow (ZG) is moving after it posted weaker-than-expected results and signaled that adjusted earnings in the next quarter could be the weakest in three years.