Lions Gate shares rise on surprise profit, Plug Power stock plunges on supply warning and more moving stocks

By MarketWatch

Here are some of the day's biggest movers ahead of Friday's open:

Stock gainers:

Synaptics Inc.'s (SYNA) stock surged 12.8% after the semiconductor company reported quarterly results that topped analyst revenue and earnings estimates.

Shares of Lions Gate Entertainment Corp. (LGF.A) increased 3.5% after the TV, film and media giant reported a surprise second-quarter profit, and stuck with its full-year outlook "even with the negative impact of the strike" by Hollywood's writers and actors earlier this year.

Dentsply Sirona Inc.'s stock (XRAY) was up by 2.1% a day after the dental technology company said it would buy back an additional $1 billion in stock.

Stock decliners:

Shares in Plug Power Inc. (PLUG) plunged 38% after the fuel-cell company missed analysts expectations and said its performance had suffered due to "unprecedented supply challenges."

Shares in Trade Desk Inc. (TTD) dropped 20% after the advertising technology company's guidance fell short of expectations.

Diageo (DEO) shares fell 14.7% after the Guinness seller said it expects a 20% drop in sales from its Latin American and Caribbean business due to macroeconomic pressures in the region.

Shares of Illumina Inc. (ILMN) fell 14.1% after the maker of DNA-sequencing technology cut its full-year sales and profit outlook.

Hawaiian Electric Industries Inc.'s stock (HE) fell 11.2% after the company said it would not provide any full-year 2023 earnings per share estimates due to uncertainty stemming from the Aug. 8 wildfires in Maui. "We will revisit our ability to provide guidance as we develop better clarity into potential impacts," the company said.

Neurocrine Biosciences Inc.'s stock (NBIX) dropped by 6.3% after two drug studies failed to achieve desired results.

-MarketWatch

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11-10-23 1045ET

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