Lions Gate shares rise on surprise profit, Plug Power stock plunges on supply warning and more moving stocks

Shares of Lions Gate Entertainment Corp.
LGF.A,
-0.33%
increased 5% in out-of-hours trading after the TV, film and media giant reported a surprise second-quarter profit, and stuck with its full-year outlook “even with the negative impact of the strike” by Hollywood’s writers and actors earlier this year. 

Dentsply Sirona Inc.’s stock
XRAY,
-1.55%
was up by 2.2% in premarket trading Friday, a day after the dental technology company said it would buy back an additional $1 billion in stock.

Stock decliners:

Shares in Plug Power Inc.
PLUG,
-1.50%
plunged 30% after the fuel-cell company missed analysts expectations and said its performance had suffered due to “unprecedented supply challenges.”

Shares in Trade Desk Inc.
TTD,
-2.57%
dropped 26% after the advertising technology company’s guidance fell short of expectations.

Diageo
DEO,
+0.16%
shares fell 15% after the Guinness seller said it expects a 20% drop in sales from its Latin American and Caribbean business due to macroeconomic pressures in the region.

Unity Software Inc.’s
U,
-3.15%
stock declined 13% after the company announced revenue that missed analysts’ forecasts and refrained from offering guidance in a letter to shareholders.

Shares of Illumina Inc. 
ILMN,
-3.36%
 fell 9% after the maker of DNA-sequencing technology cut its full-year sales and profit outlook.

Hawaiian Electric Industries Inc.‘s stock
HE,
+0.86%
fell 4.6% in premarket trading on Friday after the company said it would not provide any full-year 2023 earnings per share estimates due to uncertainty stemming from the Aug. 8 wildfires in Maui. “We will revisit our ability to provide guidance as we develop better clarity into potential impacts,” the company said.