Snap, SVB Financial fall, HCA, Schlumberger rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Snap Inc., down $6.39 to $9.96.
The operator of the Snapchat app reported a worse loss and weaker revenue for the spring than Wall Street forecast.
American Express Co., up $2.83 to $153.01.
The credit card issuer reported a massive surge in spending on its cards, propelling it past analysts’ profit targets.
SVB Financial Group, down $74.81 to $361.36.
The banking company reported earnings and revenue that fell far short of Wall Street’s forecasts.
Seagate Technology Holdings PLC, down $6.78 to $76.83.
The data storage company said anti-COVID measures in Asia and a slowing global economy hit its results, which fell short of forecasts.
HCA Healthcare Inc., up $20.72 to $202.03.
The operator of hospitals delivered better results than Wall Street forecast.
Schlumberger NV, up $1.44 to $35.07.
The oilfield engineering company reported stronger profits than analysts had expected for the latest quarter.
Verizon Communications Inc., down $3.21 to $44.45.
The nation’s largest wireless carrier reported weak profit and cut its forecast for earnings this year.
Twitter Inc., up 32 cents to $39.84.
The social media company reported a loss and declining revenue even as the number of people using the platform grew.