Stock Market News Today (05/08/2023)

Market Overview:

Biggest Movers:

Earnings in the Stock Market Today 💰

Before Market Open:

Tyson Foods (TSN)

• EPS $0.82 beats $0.81 estimate

• Revenue $13.13B misses $13.60 estimate

Tyson Foods finished the trading session declining -16.41%

Viatris (VTRS)

• EPS $0.77 beats $0.69 estimate

• Revenue $3.73B misses $3.81B estimate

Viatris finished the trading session gaining +5.82%

BioNTech (BNTX)

• EPS $2.20 beats $0.18 estimate

• Revenue $3.73B misses $3.81B

BioNTech finished the trading session declining -0.35%

Dish Network (DISH)

• EPS $0.35 misses $0.36 estimate

• Revenue $3.96B misses $4.06B estimate

Dish Network finished the trading session gaining +2.11%

Delek US Holdings (DK)

• EPS $1.37 beats $1.02 estimate

• Revenue $3.92B beats $3.09B estimate

Delek US Holdings finished the trading session gaining +2.88%

Six Flags (SIX)

• EPS ($0.84) beats ($0.85) estimate

• Revenue $142.19M beats $132.56M estimate

Six Flags finished the trading session gaining +18.63%

After Market Close:

PayPal (PYPL)

• EPS $1.17 beats $1.10 estimate

• Revenue $7.04B beats $6.98B estimate

Palantir Technologies (PLTR)

• EPS $0.05 beats $0.03 estimate

• Revenue $525M beats $506.1M estimate

Lucid Motors (LCID)

• EPS ($0.43) misses ($0.41) estimate

• Revenue $149.4M misses $209.88M estimate

Devon Energy Corp (DVN)

• EPS $1.46 beats $1.36 estimate

• Revenue $3.82B misses $3.94B estimate

McKesson Corp (MCK)

• EPS $7.19 beats $7.17 estimate

• Revenue $68.91B beats $68.08B estimate

Hims & Hers (HIMS)

• EPS ($0.05) beats ($0.07) estimate

• Revenue $190.77M beats $179.07M estimate

AECOM (ACM)

• EPS $0.92 beats $0.89 estimate

• Revenue $3.49B beats $3.40B estimate

In Other News 🗞

• Hilton Grand Vacations approves new $500M share buyback program - BZ

• Baxter selling biopharma-solutions arm for $4.25B - WSJ

• Occidental Petroleum drops after Buffett said not seeking full control - YF 

• Catalent shares tank on warning of $400M cut to annual revenue forecast - RT

• PacWest stock jumps after dividend cut - BR