American Express, Twitter elevation; Boston Beer and Intel fall

American Express, Twitter elevation;  Boston Beer and Intel fall

Boston Beer Co., down $246.54 to $701. The brewer of Samuel Adams beer reported weaker-than-expected results, saying it overestimated demand for hard seltzer.

TAL Education Corp., down $14.52 to $6. U.S.-listed shares of Chinese for-profit education companies sank on fears of a regulatory clampdown by Beijing. Intel Corp., down $2.96 to $53.

The chipmaker reported solid second-quarter financial results but also said supply chain problems would likely persist. Twitter Inc., up $2.12 to $71.69.

The social media company handily beat Wall Street’s second-quarter financial forecasts on growing advertising demand. Snap Inc., up $15 to $77.97. The parent company of Snapchat reported results that were much better than Wall Street was expecting.

Skechers U.S.A. Inc., up $3.01 to $54.22. The shoe company reported strong second-quarter financial results and gave investors an encouraging profit forecast. American Express Co., up $2.28 to $173.18.

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