Coherent, Spotify rise; Crown Holdings, FMC fall, Tuesday, 2/6/2024

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday:

Coherent Corp., up $8.58 to $58.

The Laser and optics manufacturer beat analysts’ fiscal second-quarter earnings forecasts.

BP Plc., up $2.15 to $36.39.

The oil and natural gas giant beat analysts’ fourth-quarter earnings forecasts and increased its stock buyback.

Spotify Technology SA, up $8.67 to $231.92.

The music-streaming service added more subscribers than analysts expected during the fourth quarter.

Palantir Technologies Inc., up $5.15 to $21.87.

The data-mining and management software company gave investors an encouraging sales forecast for the year.

Crown Holdings Inc., down $11.66 to $76.67.

The packaging company gave investors a weak earnings forecast for the year.

FMC Corp., down $6.97 to $53.45.

The chemical producer’s earnings forecast for the year fell short of Wall Street expectations.

Simpson Manufacturing Co., down $3.06 to $180.69.

The building materials company reported weak fourth-quarter earnings.

J&J Snack Foods Corp., down $10.88 to $144.65.

The maker of Dippin’ Dots and Icee frozen drinks’ earnings and revenue fell short of Wall Street forecasts.

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