By Elsa Ohlen

Stocks charged higher on Friday, led by big tech, as a week of trade developments and company earnings drew to an end.

These stocks were making moves Friday:

Trade Desk stock plummeted 38% despite solid second-quarter earnings. Revenue came in at $694 million, up 19% from last year and ahead of expectations. However, the ad-tech company cautioned revenue growth was expected to slow in the third quarter and announced Chief Financial Officer Laura Schenkein will be replaced by Alex Kayyal -- a board member who spent nearly a decade at Salesforce in executive roles -- on Aug. 21.

Expedia Group rose 2.6% after the online travel agency raised its full-year outlook on the back of second-quarter earnings that beat expectations. Expedia now expects revenue and gross booking growth of between 3% and 5% each, up from a previous range of 2% to 4%. Analysts at J.P. Morgan, Melius Research, and Evercore ISI all hiked their price targets Friday.

Apple was up 3.8%. The stock has gained 12% this week, putting it on pace for its best weekly performance since the period ending July 31, 2020, according to Dow Jones Market Data. Shares have gotten a lift from strong third-quarter earnings, CEO Tim Cook's appearance at the White House on Wednesday, and a flood of positive commentary from analysts.

Pinterest tumbled 8.6% after the photo-sharing website disappointed Wall Street with its latest earnings report. Second-quarter earnings were 33 cents a share on revenue of $998 million, below the 35 cents a share on revenue of $975 million expected by analysts, according to FactSet.

Twilio sank 18%, even after the cloud communications company posted earnings that beat expectations. Adjusted earnings of $1.19 a share and revenue of $1.2 billion both topped estimates. However, analysts at Oppenheimer & Co. noted persistent gross-margin pressure was "likely to drive negative gross-margin revisions near term."

Gilead Sciences climbed 8.7% after the biopharmaceutical giant raised guidance on the back of strong demand for its HIV medicine and solid quarterly earnings late Thursday. CEO Daniel O'Day told Barron's the recent launch of Gilead's HIV prevention shot, Yeztugo, had started off well.

Shares of SoundHound AI were up 28% after the voice-based AI company beat expectations by a wide margin. The company posted an adjusted loss of 3 cents a share, narrower than the expected loss of 5 cents. Revenue rose 217% year over year to $43 million. CEO Keyvan Mohajer called it the company's "strongest ever quarter."

Microchip Technology declined 6% after it reported quarterly earnings and issued guidance that left investors wanting more. Adjusted earnings came in ahead of expectations at 27 cents a share. Sales were largely in line with analysts' call of $1.1 billion, but down 13% from last year. The company forecast sales for the current quarter between $1.11 billion and $1.15 billion.

Monster Beverage jumped 6.4% as quarterly sales were boosted by robust demand for its energy drinks. Adjusted earnings in the second quarter came in above expectations at 52 cents a share as sales surpassed $2 billion for the first time.

Take-Two Interactive Software fell 4% even after the game developer reported better-than-expected results for its fiscal first quarter. Take-Two posted a loss of 7 cents a share, narrower than the loss of 69 cents analysts had anticipated. Management guided for fiscal 2026 bookings between $6.05 billion and $6.15 billion, up from a prior range of $5.9 billion to $6 billion.

Shares of Block, the company behind Cash App and Square, fell 2.5%. While the fintech raised its full-year outlook, second-quarter adjusted earnings and revenue missed Wall Street forecasts. Block now sees 2025 gross profit of $10.17 billion and adjusted operating income of $2.03 billion, up from previous guidance of $9.96 billion and $1.9 billion, respectively.

Firefly Aerospace dropped 15% on its second day of trading on the Nasdaq. It closed 34% above the initial public offering price Thursday and was giving back some of those gains Friday.

Under Armour plummeted 23% as it said it expects sales to decline by between 6% and 7% in the current quarter. The sportswear retailer said the outlook takes into account uncertainty around trade policies and the broader macroeconomic environment, including tariffs.

Write to Elsa Ohlen at elsa.ohlen@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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(END) Dow Jones Newswires

August 08, 2025 13:27 ET (17:27 GMT)

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