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Midday movers: Meta Platforms, Hasbro, Southwest Airlines and more

AuthorLiz Moyer
Published 04/27/2023, 02:13 PM
Updated 04/27/2023, 02:27 PM
© Reuters.

Investing.com -- Stocks were surging as big tech earnings helped lift all three indexes. Here are the market movers for April 27.

  • Meta Platforms Inc (NASDAQ:META) shares rose 15% after the Facebook and Instagram parent reported better-than-expected results and user growth and a second-quarter revenue forecast that was better than consensus estimates.
  • Hasbro Inc (NASDAQ:HAS) shares rose 13% after the toy maker known for its Dungeons & Dragons franchise beat expectations on profit in the first quarter.
  • Southwest Airlines Company (NYSE:LUV) shares weakened 4.7% after the carrier reported a wider-than-expected loss for the first quarter. Rival carrier American Airlines Group (NASDAQ:AAL) shares rose 2.6% after it beat expectations for the quarter.
  • Crocs Inc (NASDAQ:CROX) shares fell 18.5% after the casual shoemaker offered second-quarter and full-year guidance that was below consensus on weakness at its Hey Dude brand.

  • AbbVie Inc (NYSE:ABBV) shares fell 7.7% after the pharmaceutical maker reported a 25% drop in sales of its arthritis therapy Humira as fresh competition entered the market.

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