Molson Coors, Tapestry fall; Tesla, Facebook rise
Posted April 30, 2020 1:25 pm.
Last Updated April 30, 2020 1:34 pm.
NEW YORK — Stocks that moved heavily or traded substantially on Thursday:
McDonald’s Corp., down 26 cents to $187.56.
The fast-food chain’s first-quarter profit fell short of Wall Street forecasts as the virus pandemic dented sales.
Comcast Corp., down $1.37 to $37.63.
The cable and entertainment company’s first-quarter profit slid and as the virus pandemic shut down theme parks and movie theatres.
Tesla Inc., down $18.63 to $781.88.
The electric vehicle maker surprised Wall Street with a first-quarter profit.
Facebook Inc., up $10.16 to $204.35.
The social media company reported a surge in users during the first quarter and its ad revenue started to stabilize.
ServiceNow Inc., up $29.55 to $351.54.
The maker of automation software beat analysts’ first-quarter financial forecasts.
Tapestry Inc., down $2.17 to $14.88.
The owner of the Coach and Kate Spade brands reported a sharper loss than Wall Street expected as stores remain closed.
Molson Coors Beverage Co., down $5.16 to $41.01.
The brewer said that it expects shutdowns of bars and restaurants to hurt its finances in 2020.
American Airlines Group Inc., down 62 cents to $12.01.
The airline reported a much bigger loss than Wall Street forecast as the virus pandemic stunts demand for travel.
The Associated Press
