Today's Morning Movers and Top Ratings: ARM, ABNB, PLNT, EMR and More
Morning Movers
Gapping up
$Bumble(BMBL.US$ stock surged 12% after the dating app company reported first-quarter revenue that topped estimates, fueled by an uptick in its subscriber base.
$YETI Holdings(YETI.US$ Holdings stock jumped by 12% after the outdoor products manufacturer exceeded first-quarter earnings projections and upgraded its outlook, showing strong performance in cooler sales and international markets.
$Warby Parker(WRBY.US$ stock climbed 9.3% as the eyewear company raised its full-year outlook, which helped counterbalance an unexpected quarterly loss.
$Robinhood(HOOD.US$ stock increased by 5.3% following the trading platform's report of first-quarter earnings and revenue that exceeded forecasts, driven by robust cryptocurrency trading activity and higher net interest revenue due to increased borrowing costs.
Gapping down
$Arm Holdings(ARM.US$ ADRs plunged 7.5% as the semiconductor company provided annual revenue guidance that did not meet expectations.
$Boeing(BA.US$ stock declined by 0.4% following an incident where a 767 cargo plane had to execute an emergency landing in Istanbul without its front landing gear, adding to the company's safety concerns.
$Airbnb(ABNB.US$ stock dropped 9.3% after the vacation rental firm predicted second-quarter revenue below analyst projections, notwithstanding robust demand outside North America.
$Warner Bros Discovery(WBD.US$ stock decreased by 4% after the media conglomerate reported first-quarter revenue that fell short of analyst expectations, affected by a sluggish advertising market and production delays due to strikes.
$Planet Fitness(PLNT.US$ stock tumbled 7.5% after the fitness center chain revised its full-year outlook downwards, citing increased consumer caution.
$Papa John's(PZZA.US$ 's stock dipped 0.4% as the pizza company reported a decline in first-quarter earnings, with sales unable to match the previous year's high from the busy final week of December.
Source: CNBC; Investing.com
US Top Rating Updates on 05/09
Source: Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment