Alphabet and Eli Lilly tumble while WageWorks and GE jump
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:
Alphabet Inc., down $97.24 to $1,198.96
Google’s parent company reported a slowdown in advertising revenue growth during the first quarter.
General Electric Co., up 44 cents to $10.17
The industrial conglomerate surprised investors with solid first quarter profit and revenue results.
Trex Co., down $7.26 to $69.27
The maker of fences and deck products reported weak first quarter profit and cited manufacturing problems and higher costs.
Eli Lilly & Co., down $2.56 to $117.04
The pharmaceutical company cut its revenue forecast for the year as its faces drug price declines and more generic competition for its drugs.
WageWorks Inc., up $5.73 to $48.79
HealthEquity Inc. is offering to buy the employee benefits administrator for an undisclosed amount.
General Motors Inc., down $1.06 to $38.95
The automaker reported a surprise drop in sales during the first quarter.
Cognex Corp., down $3.27 to $ 50.43
The maker of machines for automated manufacturing warned investors about slower growth ahead in 2019.
Texas Roadhouse Inc., down $7.08 to $54.01
The restaurant chain’s first-quarter profit and revenue fell short of Wall Street forecasts.