Etsy — The e-commerce platform’s shares fell by 9%. CFO Lanny Baker mentioned the company is adjusting its strategy amid uncertainties regarding tariffs and consumer confidence. On a positive note, Etsy reported better-than-expected revenues for the first quarter.
Seagate Technology — Shares of the data storage company jumped nearly 9% after it released strong earnings for the third quarter and provided positive guidance for the current quarter. Seagate earned $1.90 per share, excluding certain items, on revenue of $2.16 billion, surpassing analysts’ expectations of $1.74 per share and $2.12 billion in revenue.
Snap — The tech firm saw its shares decline nearly 15% after it refrained from offering a forecast, citing economic uncertainties that could impact advertising demand. Nevertheless, Snap reported revenue that exceeded expectations for the first quarter.
Super Micro Computer — The shares plummeted over 14% following weaker-than-anticipated preliminary results for the third quarter that ended on March 31. Last year, Super Micro faced issues with delayed financial reporting and concerns from short sellers.
Oddity Tech — The beauty retailer, which owns Il Makiage, saw shares surge by 23% after raising its revenue outlook. For the current fiscal year, Oddity now projects revenue between $790 million and $798 million, an increase from the earlier forecast of $776 million to $785 million. The company also reported first-quarter results that exceeded expectations. CFO Lindsay Drucker Mann mentioned that the company has significant capabilities to manage tariffs.
Starbucks — The coffee chain’s shares fell nearly 7% after its second-quarter results missed both revenue and earnings estimates. Starbucks reported adjusted earnings of 41 cents per share on $8.76 billion in revenue, while analysts had expected 49 cents per share and $8.82 billion in revenue. The company also noted potential challenges from tariffs and fluctuating coffee prices for the remainder of the fiscal year.
Brinker International — Shares of Brinker, which owns brands like Chili’s and Maggiano’s Little Italy, dipped 2%. This follows a 15% decline the previous day. Although the company posted better-than-expected results for the third quarter and raised its revenue forecast for the year, some investors were concerned about the sustainability of Brinker’s growth. Goldman Sachs maintained a buy rating on the stock.
Yum China — Shares fell by 7% after the fast-food chain, which spun off from Yum Brands, reported disappointing financial results. The company posted first-quarter adjusted earnings of 77 cents per share, slightly below the 79 cents per share expected by analysts. Revenue of $2.98 billion was also below the expected $3.09 billion.
GE HealthCare Technologies — Shares rose 4% after the company reported first-quarter results that exceeded expectations, showing adjusted earnings of $1.01 per share on revenue of $4.78 billion, compared to analysts’ expectations of 91 cents per share in earnings and $4.66 billion in revenue.
Nike — The athletic apparel company’s shares dropped about 3% following a downgrade from Wells Fargo, which changed its rating to equal weight from overweight, citing risks related to tariffs and potential recession impacts on earnings.
First Solar — Shares of the solar panel manufacturer decreased by 9%. The company reported first-quarter earnings per share of $1.95, falling short of the $2.49 per share that analysts had expected. First Solar also provided guidance for second-quarter and full-year earnings that did not meet expectations.
— Reporting contributed by CNBC’s Jesse Pound, Michelle Fox Theobald, Alex Harring, and Lisa Han.
