Powell Industries, Mastercard rise; Pinterest, Lantheus fall, Wednesday, 7/31/2024

Stocks that traded heavily or had substantial price changes on Wednesday: Powell Industries, Mastercard rise; Pinterest, Lantheus fall

ByThe Associated Press
July 31, 2024, 12:28 PM

NEW YORK -- Stocks that traded heavily or had substantial price changes on Wednesday:

Microsoft Corp., down $4.57 to $418.35.

The software giant reported weaker fourth-quarter revenue at its cloud computing business than Wall Street expected.

Mastercard Inc., up $16.26 to $463.71.

The processor of debit and credit card payments beat analysts' second-quarter earnings forecasts.

Mondelez International Inc., up $1.30 to $68.35.

The maker of Oreo cookies, Cadbury chocolate and Trident gum beat Wall Street's second-quarter earnings forecasts.

Pinterest Inc., down $5.40 to $31.95.

The digital pinboard and shopping tool company's revenue forecast for its current quarter fell short of analysts' forecasts.

Intel Corp., up 61 cents to $30.74.

The chipmaker is reportedly planning to cut jobs.

Powell Industries Inc., up $50.38 to $183.63.

The energy equipment company beat analysts' fiscal third-quarter earnings and revenue forecasts.

Lantheus Holdings Inc., down $4.94 to $104.83.

The diagnostic imaging company trimmed its profit forecast for the year.

Altria Group Inc., down $1.54 to $49.01.

The cigarette maker fell short of analysts' second-quarter financial forecasts.