Stocks Show Mixed Results Following Earnings Reports

NEW YORK (AP) — In a day marked by significant price movements, several companies reported their second-quarter earnings, leading to notable fluctuations in stock prices. International Business Machines Corp. (IBM) saw a substantial increase, rising $7.96 to $191.98 after surpassing analysts’ expectations for its financial performance. Similarly, ServiceNow Inc. experienced a remarkable gain, climbing $97.92 to $828.79, also beating Wall Street’s earnings forecasts. Conversely, Waste Management Inc. faced a downturn, with its stock dropping $17.46 to $199.92 as its earnings and revenue fell short of analysts’ predictions. Ford Motor Co. also reported disappointing results, leading to a decline of $2.51 to $11.16, as its second-quarter earnings did not meet expectations. Edwards Lifesciences Corp. and Align Technology Inc. both trimmed their revenue forecasts for the year, resulting in significant drops of $27.25 to $59.70 and $18.75 to $226.05, respectively. On a more positive note, Molina Healthcare Inc. reported strong earnings, with its stock rising $35.45 to $324.17 after exceeding analysts’ forecasts. However, Teradyne Inc. disappointed investors with a disappointing earnings forecast for the current quarter, leading to a decline of $19.20 to $124.34. The mixed results reflect the ongoing volatility in the market as companies navigate economic challenges and investor expectations.