The uniform and apparel manufacturer Vestis saw its shares jump over 30% after its fiscal second-quarter results surpassed expectations. The company also increased its fiscal 2026 EBITDA outlook.
Zebra Technologies, the automation firm, experienced a 17% climb in its stock following better-than-expected first-quarter results. Zebra reported adjusted earnings of $4.75 per share on revenues of $1.5 billion, exceeding FactSet analyst estimates of $4.25 per share on $1.48 billion in revenue. The company’s second-quarter guidance also surpassed projections.
The high-precision instrument and sensor maker Ralliant saw its stock increase by 14% after its first-quarter earnings beat analyst forecasts. Ralliant reported an adjusted 57 cents per share, outperforming both the company’s own guidance and a FactSet consensus of 49 cents per share.
Shares of the transportation and logistics company Hub Group dropped more than 10% after it announced plans to restate its year-end results for both 2024 and 2023.
Under Armour, the sportswear company, saw its stock fall 18% after reporting a loss of 3 cents per share on revenue of $1.17 billion. This contrasted with LSEG analysts’ expectations for a loss of 2 cents per share on higher revenue of $1.68 billion.
GameStop shares declined over 2% after online retailer eBay rejected a $56 billion takeover bid from the electronics retailer due to financing concerns. eBay’s shares saw a slight increase.
Despite reporting first-quarter earnings and revenue that exceeded analyst expectations, shares of the running shoe manufacturer On Holding declined by 4%. The company reaffirmed its full-year net sales growth outlook and raised its earnings guidance.
Wendy’s, the fast-food chain, saw its shares rally over 16% following a Financial Times report, which cited sources familiar with the matter, indicating that Nelson Peltz’s Trian Fund Management was seeking to raise funds for a potential bid to take the company private.
Shares of the market intelligence platform ZoomInfo Technologies plummeted over 33% after the company lowered its full-year revenue guidance to a range of $1.185 billion to $1.205 billion, down from its previous forecast of $1.247 billion to $1.267 billion.
The telehealth company Hims & Hers Health saw its shares fall 14% after it provided disappointing earnings guidance.
AST SpaceMobile, the satellite developer, experienced a 13% tumble in its stock after reporting a larger-than-expected loss for the first quarter. The company, however, reiterated its full-year revenue guidance of $150 million to $200 million.
Shares of the software company GitLab plunged 11% following CEO Bill Staples’ announcement of a comprehensive restructuring plan. This plan is linked to the company’s shift towards agentic AI and includes workforce reductions, management cuts, and a more focused geographic presence. GitLab intends to reduce the number of countries it operates in by up to 30%, eliminate as many as three layers of management, reorganize research and development into approximately 60 smaller teams, and expand the use of agentic AI in internal processes. While the firm did not specify the number of positions to be eliminated or the financial impact, further details are expected during its June 2 earnings call.
The online platform Webtoon Entertainment saw its stock drop 9% after it issued second-quarter revenue guidance ranging from $332 million to $342 million, falling short of FactSet analysts’ expectation of $348 million. Its second-quarter adjusted EBITDA forecast, between zero and $5 million, also missed the anticipated $12.1 million. Additionally, Webtoon’s first-quarter revenue of $320.9 million was below the $321.6 million consensus estimate.
Shares of Cleanspark, the bitcoin miner and data center developer, slid 9%. The company reported a second-quarter loss of $1.52 per share, wider than the 56 cents per share loss analysts polled by FactSet had anticipated. Second-quarter revenue also missed expectations, coming in at $136.4 million against a projected $145.4 million.
The crypto miner Mara Holdings saw its shares lose 10% after reporting a first-quarter loss of $3.31 per share, which was significantly greater than the $1.51 per share loss anticipated by FactSet analysts. Revenue also underperformed, reaching $174.6 million compared to the estimated $181.9 million.
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