Earnings Movers | Carvana Soars 20%; Roblox, Indivior Rise 13%; Norwegian Cruise Line Gains 11%; CVS Rises 6%; Arm Tumbles 11%

Tiger Newspress
07-31

Shares of used-car dealer Carvana jumped over 20% after it handily beat expectations for both revenue and earnings per share, while just narrowly beating forecasts for the number.

Roblox stock soared over 13%. Roblox raised its forecast for annual bookings on Thursday and crossed the 100-million mark in daily active users on its videogame platform as it rides on the success of viral hits such as "Grow a Garden".

Shares of Indivior PLC rose over 12% following the company's impressive second-quarter earnings report that significantly exceeded analyst expectations. The pharmaceutical company, known for its addiction treatment products, reported quarterly earnings of $0.51 per share, more than doubling the analyst consensus estimate of $0.25.

Arm, which provides the most widely used technology in computing chips, gave a lower-than-expected profit forecast for the current period after ramping up spending on new products. The shares sank over 11%.

Norwegian Cruise Line’s second quarter saw a significant rebound from a softer first quarter, which was impacted by increased dry-dock capacity. Net Yield increased 3.1% in constant currency, exceeding guidance of 2.5%. Shares rose over 11%.

CVS Health beat Wall Street estimates for second-quarter profit on Thursday, as tight oversight of higher medical costs led to improved performance for its Aetna health insurance business. CVS shares jumped 6%.

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