Crocs shares soared 25.2% in morning trading. Crocs raised its full-year guidance after posting higher third-quarter profit and revenue, driven by international growth and a rebound at its HeyDude brand.
Norwegian Cruise Line shares surged 12.2% in morning trading. Its third-quarter profit rose and the cruise line raised its full-year outlook as it implemented the next phase of its turnaround effort.
Eli Lilly shares jumped 8.9% in morning trading. Eli Lilly raised its full-year revenue forecast and beat third-quarter earnings expectations on Thursday, propelled by surging demand for injectable weight-loss drugs that could allay investor concerns about price erosion in US government health plans.
Merck posted higher-than-expected third-quarter earnings on Thursday, driven by strong demand for its blockbuster cancer drug Keytruda and its HPV vaccine Gardasil. The shares gained 5.6% in morning trading.
Caterpillar shares dropped 8.5% in morning trading. Caterpillar beat third-quarter profit estimates on Thursday, buoyed by AI-driven demand for power-generation equipment, but its unchanged annual sales forecast raised questions over how long the data-center boom can drive growth.
Sprouts Farmers shares tumbled 18.2% in morning trading after slashing its outlook, as the grocer’s sales suffered from the cyclospora lettuce outbreak and a gloomy consumer.
