Market Movers | Shopify Surges 18%; Dynatrace Pops 14%; Eli Lilly Jumps 7%; Disney Rises 3%; Circle Falls 3%; Uber Drops 5%

Canada's Shopify, projected current-quarter revenue growth above Wall Street estimates, signaling ​the company's AI efforts were drawing more merchants to ‌its suite of e-commerce services and driving broader consumer demand. U.S.-listed shares of ​Shopify up about 18% in morning trading.

Dynatrace shares jumped 14.2% in morning trading. The move was driven by the company's fiscal Q1 earnings release, which exceeded Wall Street estimates on both the top and bottom lines.

Eli Lilly posted better-than-expected quarterly results and ‌raised its full-year revenue forecast, banking on sustained demand for its blockbuster GLP-1 weight-loss and diabetes drugs, sending its shares up 7.2% in morning trading.

Walt Disney’s profit beat Wall Street estimates in the company’s fiscal third quarter, driven by soaring income from its entertainment division and the resilience of its theme parks in California and Florida. The shares rose 2.7% in morning trading.

Circle reported higher second-quarter revenue, helped by increased adoption of its USDC stablecoin as businesses and ‌institutions expanded its use beyond crypto trading. While the shares dropped 2.5% in morning trading.

Uber forecast current-quarter adjusted earnings below Wall Street estimates, saying that foreign exchange would trim bookings growth and reaffirming plans to invest heavily in robotaxis and acquisitions. The shares fell 4.7% in morning trading.

CVS Health raised its annual profit ​forecast to reflect a better-than-expected second quarter marked by a more profitable mix of drugs in ‌its pharmacy business and bonus payments for its highly rated government health plans. But the shares dropped 6.2% in morning trading.

SolarEdge declined 24.8% in morning trading. The sharp pullback followed the company's pre-market disclosure of second-quarter results, which failed to satisfy the market's previously accumulated optimistic expectations around a profitability inflection point.