Meta, Comcast fall; Harley-Davidson, Frontier rise
Stocks that traded heavily or had substantial price changes Thursday:
Meta Platforms Inc., down $8.86 to $160.72.
The owner of Facebook and Instagram said its revenue fell for the first time ever, dragged down by a drop in ad spending.
Teladoc Health Inc., down $7.64 to $35.60.
The telemedicine provider reported second-quarter earnings that fell short of Wall Street’s forecasts amid higher customer acquisition costs.
Stanley Black & Decker Inc., down $18.87 to $98.58.
The tool maker’s second-quarter results came in below Wall Street’s estimates as demand significantly slowed in May and June.
Oshkosh Corp., down $5.54 to $83.97.
The Wisconsin-based maker of postal trucks and military vehicles cut its 2022 earnings guidance amid lingering supply chain issues and inflation pressure.
Comcast Corp., down $3.96 to $39.41.
The owner of NBC Universal and Xfinity said revenue at its broadband internet, voice and wireless businesses weakened.
Plug Power Inc., up $4.45 to $21.63.
The maker of hydrogen fuel cell systems got a boost on news of a Congressional bill that includes tax incentives for clean energy companies.
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Frontier Group Holdings Inc., up $2.31 to $13.58.
The airline’s shares surged after Spirit Airlines ended its merger deal with Frontier and agreed to be acquired by JetBlue.
Harley-Davidson Inc., up $2.66 to $36.96.
The motorcycle maker’s second-quarter results beat analysts’ estimates and it expects its manufacturing costs will improve.