AMD shares rise as chipmaker tops expectations, Starbucks shares fall and other stocks on the move

Shares of Advanced Micro Devices Inc. rose 1% after the chipmaker beat on earnings, and a forecast a bounce back in its PC chip business.Shares of Advanced Micro Devices Inc. rose 1% after the chipmaker beat on earnings, and a forecast a bounce back in its PC chip business.

Elf Beauty Inc. shares ELF rallied 18% after the beauty products maker beat Wall Street expectations for its fiscal first quarter and raised guidance as its quarterly revenue jumped more than 75%. Match Group Inc. stock MTCH rose 7% after the online dating company behind Tinder and others swung to a profit and said that it was aiming to have AI help its dating business.Shares of Starbucks Corp. SBUX fell 2% after the coffee chain reported third-quarter same-store sales that missed expectations, despite a big rebound in China.

Lumen Technologies Inc.‘s stock LUMN was falling 8% after enjoying a sharp rally in Tuesday’s regular session. The telecommunications company took a large impairment charge in its latest quarter. Electronic Arts Inc. shares EA fell 5% following the videogame publisher’s earnings report and forecast.

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AMD revenue falls 18% as PC market shows continued weaknessAMD reported an 18% decline in year-over-year revenue in the second quarter and issued a sales forecast that trailed analysts' estimates.
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AMD stock rallies more than 4% on earnings beatAdvanced Micro Devices Inc. shares surged in the extended session Tuesday after the chip maker's results topped Wall Street estimates.
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