Stock Moves: McKesson and Monster Down, Eli Lilly and Zillow Up

NEW YORK (AP) — On Thursday, several stocks experienced notable fluctuations following the release of their financial results. McKesson Corp. (MCK) saw a significant decline, dropping $79.93 to $537.58 after the prescription drug distributor's revenue forecast for the year fell short of analysts' expectations. Similarly, Monster Beverage Corp. (MNST) reported disappointing second-quarter results, leading to a decrease of $5.37, closing at $45.17. Warner Bros. Discovery Inc. (WBD) also faced challenges, with its stock down 70 cents to $7.01 after the company reported lackluster second-quarter earnings and revenue. In contrast, Eli Lilly and Co. (LLY) experienced a substantial increase, rising $57.78 to $829.92 as the drugmaker raised its earnings and revenue forecasts for the year, signaling strong performance in its operations. Other companies that reported earnings included Duolingo Inc. (DUOL) and Zillow Group Inc. (ZG), both of which exceeded Wall Street's expectations. Duolingo's stock rose $15.20 to $176.60, while Zillow's increased by $7.29 to $47.64. Conversely, Bumble Inc. (BMBL) saw a decline of $2.65 to $5.41 after cutting its revenue forecast for the year, and Topgolf Callaway Brands Corp. (MODG) fell 64 cents to $11.58, slashing its earnings forecast. The mixed results reflect ongoing volatility in the market as companies navigate economic challenges.