Business

Qualcomm, Upwork rise; Hanesbrands, Incyte fall

Posted November 05, 2020 6:00 am

The Associated Press

NEW YORK (AP) - Stocks that moved heavily or traded substantially Thursday:

Upwork Inc., up $8.81 to $29.03.

The online marketplace for freelancers reported a surprise third-quarter profit and gave investors an encouraging revenue forecast.

Coupa Software Inc., up $35.35 to $311.48.

Walmart gave the software company a contract to upgrade its source-to-pay processes.

Hanesbrands Inc., down $3.04 to $13.33.

The underwear maker gave investors a weak financial forecast and warned of uncertainty around the virus pandemic.

Qualcomm Inc., up $16.44 to $145.41.

The chipmaker gave investors a strong financial forecast after reporting surprisingly good fiscal fourth-quarter earnings.

MercadoLibre Inc., up $122.11 to $1,437.80.

The online marketplace and payments system in Latin America beat analysts' third-quarter financial forecasts.

Expedia Group Inc., up $4.60 to $103.10.

The travel reservations company's third-quarter earnings and revenue beat Wall Street forecasts.

General Motors Co., up $1.90 to $37.14.

The auto maker posted a huge third-quarter profit and blew past analysts' forecasts.

Incyte Corp., down $6.56 to $84.65.

The specialty drug maker reported a surprising third-quarter loss and disappointing revenue.

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