Eli Lilly Drops on Weight Loss Results; Fortinet Tumbles; Airbnb Lower
Aug 7, 2025
Eli Lilly's experimental weight loss pill results disappointed investors, causing its shares to drop. Meanwhile, Novo Nordisk benefited from the news, experiencing a rise in stock price. Fortinet faced a downturn after analysts downgraded its prospects due to a weaker product refresh cycle. Airbnb's shares fell despite a positive outlook for third-quarter growth, as it warned of tougher comparisons ahead. In contrast, DoorDash saw its stock rise after reporting better-than-expected order forecasts.
04:33
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Eli Lilly's Weight Loss Results Fall Short
Eli Lilly's weight loss pill showed 11% body weight reduction, below Wall Street's expectations.
Novo Nordisk's Wegovy showed 14-15% reduction, making Lilly's results disappointing to investors.
insights INSIGHT
Fortinet Disappoints on Refresh Cycle
Fortinet shares dropped 21% due to disappointing update on firewall refresh cycle.
Analysts downgraded the stock, saying catalyst from the refresh is smaller than expected.
insights INSIGHT
Airbnb's Cautious Outlook Worries Investors
Airbnb's Q3 outlook is cautious despite better-than-expected revenue, citing macroeconomic uncertainty.
Shares dropped 6.5% suggesting investor wariness about future growth.
Get the Snipd Podcast app to discover more snips from this episode
On this episode of Stock Movers: - Eli Lilly (LLY) is lower on news its experimental pill helped patients shed roughly 11% of their body weight in a late-stage study. The result falls on the lower end of Wall Street's expectations, as investors had hoped the pill would be as effective as Novo Nordisk A/S's Wegovy. Full year revenue did come in higher in Eli Lilly's earnings today as well. - Novo Nordisk (NVO) shares are rising on the Eli Lilly news. Investors had hoped Lilly’s pill, called orforglipron, would be as effective as Wegovy — the blockbuster weight-loss shot made by Novo Nordisk A/S. Novo rose as much as 8.4% in Copenhagen on the Eli Lilly results, the most in almost four months. - Fortinet (FTNT) tumbled after the software company gave an update to its firewall refresh cycle. At least three analysts downgraded their rating on the stock saying the product refresh cycle is now looking like a “much smaller catalyst than expected.” - Airbnb (ABNB) are lower after issuing a better-than-expected outlook for the third quarter due to encouraging summer travel demand. The company expects growth rates to be "relatively stable" from the 7.4% achieved in the second quarter, but warned of tougher year-over-year comparisons later in the year. - Doordash (DASH) is higher as it issued an outlook for orders in the third quarter that surpassed Wall Street’s expectations, with a gross order value range of $24.2 billion to $24.7 billion. The company attributed its better-than-expected second-quarter results to a growing number of active customers and increased engagement, with "high levels of consumer engagement in the US" evident across many metrics.
Stock Movers