Intuit Slumps, Spyre Therapeutics Mixed, Dick's Sporting Goods Slides
Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- Intuit (INTU) shares are down 7.5% in extended trading, after the tax-preparation software company gave a full-year forecast for both adjusted earnings and revenue that was weaker than expected.
- Spyre Therapeutics (SYRE) reported mixed Phase 2 results for SPY072 versus placebo in rheumatoid arthritis, with the drug meeting some but not all primary and secondary endpoints, falling short of the company’s internal bar for monotherapy development.
- Dick's Sporting Goods (DKS) shares fell after reporting second-quarter earnings, with earnings per share, revenue, and same-store sales below expectations. The company's Foot Locker division was described as an "albatross" due to structural issues, including over-dependence on a single struggling vendor and aged mall-based real estate
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