These Stocks Moved the Most Today: Intel, Centene, Charter, Newmont, Deckers, Boston Beer, Tesla, and More

Traders work on the floor of the New York Stock Exchange. (Michael M. Santiago/Getty Images)

Stocks cruised higher on Friday and the S&P 500 set its fifth consecutive record closing high.

These stocks moved on Friday:

Intel fell 8.5%. The chip maker reported second-quarter revenue of $12.9 billion that was better than analysts’ expectations, forecast third-quarter revenue of $12.6 billion to $13.6 billion, versus the consensus call for $12.66 billion, and said it had completed the majority of layoffs—a headcount reduction that will total about 15% of the workforce—under a plan that was announced last quarter. Shares were down, however, after Intel posted an adjusted loss of 10 cents a share, compared with analysts’ expectations for profit of 1 cent. The latest quarter included a number of restructuring charges.

Centene gained 6.1% after falling sharply in premarket trading following the health insurer’s surprise quarterly loss on ballooning medical costs. Centene posted a second-quarter adjusted loss of 16 cents a share as revenue jumped 22% from a year earlier to $48.7 billion. Analysts were expecting a profit of 11 cents a share on revenue of $44.1 billion. Centene pulled its financial guidance earlier this month, citing weak data on its Affordable Care Act plans.

Charter Communications, which operates the Spectrum pay TV and internet services, sank 18% after posting second-quarter profit of $9.18 a share, well below Wall Street forecasts for earnings of $9.58. Charter added 500,000 mobile lines in the quarter, which was roughly in line with Wall Street expectations. It lost about 417,000 subscribers across its internet, video, and wireline voice services. Rival Comcast was down 5.2%.

Newmont jumped 6.9% after reporting second-quarter adjusted earnings of $1.43 a share, topping Wall Street expectations for $1.16. The company has benefited from a recent surge in the price of gold to record highs. The miner posted revenue of $5.32 billion, up from $4.4 billion a year earlier, and higher than forecasts of $4.85 billion. The company said its second-quarter average realized gold price was $3,320 an ounce, up from $2,347 in the same period in 2024. Newmont also said its board authorized a buyback program of $3 billion in stock.

Edwards Lifesciences climbed 5.7% after the medtech company’s second-quarter adjusted earnings and sales topped analysts’ expectations. The company also raised its sales outlook for the year, saying it now expects sales to rise 9% to 10%.

Deckers Outdoor climbed 11% higher. Fiscal first-quarter earnings rose from a year earlier as revenue gained 17% to $964.5 million, topping forecasts of $900.4 million. Hoka sales soared 20% to $653.1 million in the quarter, while UGG sales jumped 19% to $265.1 million. Sales at both brands were better than Wall Street forecasts. Deckers expects second-quarter revenue of $1.38 billion to $1.42 billion versus estimates of $1.4 billion.

Tesla rose 3.5% after tumbling 8.2% on Thursday following the electric-vehicle maker’s second-quarter earnings report, which revealed a 16% decline in net income. Tesla stock has declined 21% this year.

Booz Allen Hamilton, the government services contractor, reported better-than-expected fiscal first-quarter earnings and raised its fiscal-year free cash flow guidance. The stock fell 1.8%. Coming into Friday, the stock has declined 12% this year on fears of government spending cuts spearheaded by the Department of Government Efficiency.

Boston Beer, the owner of the Samuel Adams and Truly brands, gained 6.5% after posting second-quarter earnings that came in above Wall Street forecasts. The company also said it expects the full-year total cost impact of tariffs to be less than previously anticipated.

Comfort Systems USA, a provider of ventilation and electrical services, soared 22% after reporting second-quarter earnings that beat Wall Street forecasts and raising its quarterly dividend by 11% to 50 cents a share.

Coursera gained 36%. The online learning platform boosted its revenue guidance for the full year and reported second-quarter adjusted earnings of 12 cents a share, above the 9 cents Wall Street had anticipated. Revenue came in at $187.1 million in the quarter, topping calls for $180.5 million.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com