Xerox and Chegg gain while Shake Shack and Myriad retreat
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:
Adobe Inc., up $11.79 to $289.29
The software maker gave investors a surprisingly strong profit forecast for its 2020 fiscal year.
Occidental Petroleum Corp., down $2.32 to $41.91
The oil and gas exploration company’s third-quarter earnings fell short of Wall Street forecasts.
The Hartford Financial Services Group Inc., up $2.86 to $60.39
The insurance and financial services company handily beat Wall Street’s third-quarter profit forecasts.
RingCentral Inc., up $4.31 to $161.96
The cloud-based phone system provider beat Wall Street’s third-quarter earnings expectations and issued a solid forecast.
Chegg Inc., up $4.21 to $33.54
The provider of online textbook rental services unveiled a solid revenue forecast for the year after beating Wall Street’s third-quarter profit expectations.
Shake Shack Inc., down $17.38 to $66.83
The burger chain reported weak results for a key sales measure that focuses on growth at existing locations.
Myriad Genetics Inc., down $14.17 to $20.93
The molecular diagnostic company’s fiscal first-quarter profit fell far short of Wall Street forecasts.
Xerox Holdings Corp., up $1.70 to $36.37
The printing and digital documents company is selling its stake in Fuji Xerox for $2.3 billion to Fujifilm.