Meta, Wolfspeed fall; Caterpillar, Southwest rise
Oct 27, 2022, 1:15 PM | Updated: 1:50 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:
Caterpillar Inc., up $15.18 to $212.14.
The construction equipment company handily beat analysts’ third-quarter profit forecasts.
Meta Platforms Inc., down $31.88 to $97.94.
Facebook’s parent reported weak third-quarter profits as social media companies deal with a broad drop in advertising spending.
ServiceNow Inc., up $49.26 to $415.67.
The maker of software to automate technology operations reported strong third-quarter earnings.
KLA Corp., up $2.51 to $308.91.
The maker of equipment for manufacturing semiconductors gave investors a strong earnings forecast.
Southwest Airlines Co., up 92 cents to $35.29.
The airline gave investors an encouraging revenue growth forecast after reporting strong third-quarter earnings.
O’Reilly Automotive Inc., up $35.76 to $813.22.
The auto parts chain beat Wall Street’s third-quarter profit and revenue forecasts.
Wolfspeed Inc., down $19.38 to $87.06.
The maker of energy-efficient lighting gave investors a disappointing financial forecast.
Align Technology Inc., down $40.11 to $181.53.
The maker of Invisalign dental appliances reported weak third-quarter financial results
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