Biggest stock movers today: UAA, WBD, MNST, and more

Biggest stock gainers

• Eli Lilly’s (NYSE:LLY) stock soared 10% after a stellar Q2 performance, exceeding analyst expectations. The pharmaceutical giant raised its full-year outlook, driven primarily by the blockbuster success of its weight loss products. LLY’s new guidance anticipates revenue between $45.4 billion and $46.6 billion, with non-GAAP earnings per share ranging from $16.10 to $16.60, compared to the consensus of $42.95B and $13.71 per share, respectively.
• Duolingo (NASDAQ:DUOL) shares rose over 5%, following a better-than-expected Q2 performance. The company achieved significant milestones, surpassing 100M Monthly Active Users and reaching 8M subscribers during the quarter. Demonstrating robust growth, Daily Active Users (DAUs) surged by 59% Y/Y, while revenue expanded by 41%. Total bookings increased by 38%, with subscription bookings and paid subscribers rising by 47% and 52%, respectively.
• Shares of Viatris (NASDAQ:VTRS) jumped over 12% after the company topped consensus estimates in Q2 results. The company’s Brands segment thrived due to expanded market reach in Greater China and emerging markets, including Japan, Australia, and New Zealand. Meanwhile, Generics sales surged, driven by successful new product launches in developed markets and consistent growth in complex products across Europe. Notably, Viatris introduced $210M in new product revenue during the quarter, primarily from Breyna, lisdexamfetamine, and other global offerings. Buoyed by this exceptional performance, the company confidently raised its full-year new product revenue forecast to between $500M and $600M.
• Under Armour (NYSE:UA) (NYSE:UAA) shares climbed nearly 20% after beating FQ1 estimates and raising its 2025 outlook. Despite forecasting lower revenue, the company expects improved profitability and earnings, signaling a turnaround after a restructuring plan. For FY2025, adjusted operating income is projected to be in the range of $140M to $160M, up from the prior $130M to $150M range, and adjusted EPS between $0.19 and $0.22, above its prior outlook of $0.18 to $0.21 and the consensus of $0.20.

Biggest stock losers

• Warner Bros. Discovery (NASDAQ:WBD) shares plunged over 10% after its Q2 results missed market expectations. Free cash flow plummeted 43% to $976M due to a decline in operating cash flow to $1.228B from $2.014B a year ago. The company witnessed revenue and adjusted EBITDA declines across all segments. Moreover, its net loss widened significantly to $9.99B from $1.24B a year ago, primarily driven by a $9.1B non-cash goodwill impairment and $2.1B in other one-time accounting charges.
• Monster Beverage Corporation (NASDAQ:MNST) shares fell 7% after its Q2 results missed analyst expectations and the company warned of declining demand. Hilton H. Schlosberg, Vice Chairman and Co-Chief Executive Officer, attributed the decline to slower growth in the energy drink category within the U.S. and other countries. Retailers reported a decrease in convenience store foot traffic and a shift towards mass and dollar channels. Schlosberg also noted that other beverage and consumer packaged goods companies faced similar challenges due to tightened consumer spending and weaker overall demand.
• Bumble (NASDAQ:BMBL) stock plummeted by more than 30% following the release of mixed Q2 results and a gloomy outlook provided by the dating app company. The company significantly lowered its annual revenue growth forecast to a range of 1% to 2%, down from the previous projection of 8% to 11%. Furthermore, Bumble’s Q3 revenue guidance of $269M to $275M, including Bumble App revenue of $217 million to $221 million, also fell short of analyst consensus estimates of $296.19M.