Stock Gainers:
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Advanced Micro Devices Inc. rose 1% after beating earnings expectations and forecasting a bounce back in its PC chip business.
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Elf Beauty Inc. rallied 18% as the beauty products maker exceeded Wall Street expectations for its fiscal first quarter. The company also raised its guidance, with quarterly revenue seeing a significant jump of over 75%.
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Match Group Inc. stock rose 7% after stating that it had achieved profitability and was planning to incorporate AI into its dating business. Match Group is the online dating company behind popular platforms like Tinder.
Stock Decliners:
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Starbucks Corp. experienced a 2% decline in shares after reporting third-quarter same-store sales that fell short of expectations, despite witnessing a substantial recovery in China.
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Lumen Technologies Inc. saw its stock falling by 8% following a significant increase in Tuesday’s regular session. The telecommunications company incurred a large impairment charge during the last quarter.
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Electronic Arts Inc. witnessed a 5% decrease in shares subsequent to releasing its earnings report and forecast. Electronic Arts is a well-known videogame publisher.
