Starbucks shares jumps after earnings crush estimates, Virgin Galactic soars, and more moving stocks

By MarketWatch

Here are some of the day's biggest movers.

Stock gainers:

Starbucks Corp.'s stock (SBUX) climbed more than 10% after the coffee chain posted better-than-expected earnings for its fiscal fourth quarter.

Shares of Virgin Galactic Holdings Inc. (SPCE) rose more than 12%, boosted by the successful completion of the private spaceflight company's Galactic 05 mission.

Shares of Roku Inc. (ROKU) surged more than 30% after the manufacturer of smart TVs surpassed third-quarter revenue expectations and noted "a solid rebound in video ads."

Shares of Lemonade Inc. (LMND) surged 40% after the mobile-insurance company narrowed its quarterly loss.

Fastly Inc.'s stock (FSLY) soared more than 15% after the cloud-computing company narrowed its quarterly loss.

Event-organizing platform Eventbrite Inc. (EB) raised the low end of its full-year forecast. Shares jumped more than 4%.

Clorox Co. shares (CLX) jumped 8% after the cleaning-products maker reported fiscal first-quarter results that weren't as bad as expected, despite the effects of a cyberattack.

Shares of DoorDash Inc. (DASH) rose more than 16% after the food-delivery firm reported third-quarter results that beat expectations.

PayPal Holdings Inc.'s stock (PYPL) jumped more than 6% after the company topped expectations with its latest earnings and named a new chief financial officer.

Shares of videogame maker Electronic Arts Inc. (EA) rose more than 4% following the company's quarterly report, in which net income and revenue beat analysts' estimates.

Etsy Inc.'s stock (ETSY) rose almost 2% after falling in premarket trading. The online-shopping site's CEO warned investors about a decline in gross merchandise sales.

Stock decliners:

Shares of Airbnb Inc. (ABNB) fell more than 2% after the vacation-home-rental platform warned of "greater volatility" and weaker trends in nights booked for the fourth quarter amid conflicts abroad.

After rising in premarket trading following an improved growth forecast for the fiscal year, shares of Super Micro Computer Inc. (SMCI)SMCI fell more than 2%.

-MarketWatch

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11-02-23 1454ET

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