Eli Lilly Drops, CarMax Falls, Jabil Slides After Earnings
On this episode of Stock Movers:- Eli Lilly (LLY) shares drop after the company halted a study of an experimental drug designed to prevent obesity patients from losing too much muscle, citing strategic business reasons.- CarMax (KMX) shares fall after the used car retailer reported significant earnings per share and sales shortfalls for the second quarter, which Truist Financial Services analysts described as a “miss across the board” with “really nothing good to see.” Wedbush downgraded the stock to neutral.- Jabil (JBL) shares fall after the manufacturer reported…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.