Shares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 8.1% in the afternoon session after stocks extended their rebound, led by strong gains in the technology sector, as renewed optimism surrounding U.S.–China trade negotiations lifted investor sentiment.
Northrop Grumman CEO Kathy Warden and FedEx CEO Raj Subramaniam are among the newsmakers discussing how to create a culture of innovation at Semafor's World Economy Summit.
Shares of racing, gaming, and entertainment company Churchill Downs (NASDAQ:CHDN) fell 14.9% in the morning session after the company reported mixed first quarter 2025 results, which included an EPS beat, but revenue and EBITDA were in line. Revenue was up 9%, with both gaming and racing up around 10%. But TwinSpires, where customers place horse bets online, saw less action, which softened the overall results. Management maintained a steady tone, reaffirming confidence in its core businesses but
Shares of healthcare insurance company Molina Healthcare (NYSE:MOH) fell 6.7% in the morning session after the company reported weak first-quarter 2025 results, missing analysts' expectations on EBITDA despite beating on revenue, EPS, and membership growth. Medical costs ticked up as expected, and EBITDA performance was softer than anticipated. The medical care ratio rose to 89.2%, as higher utilization in long-term care and behavioral health pushed costs above forecast, especially in the Medica
Shares of defense, intelligence, and IT solutions provider CACI International (NYSE:CACI) jumped 9.8% in the afternoon session after the company reported a "beat and raise" first quarter 2025 results which beat analysts' expectations on revenue, backlog, EPS, and EBITDA. Backlog climbed nearly 10% to a record $31.4 billion, and the company reported a healthy 1.2x book-to-bill ratio, reflecting ongoing demand for its secure communications, intelligence, and electronic warfare solutions. It also r
Auto and industrial parts retailer Genuine Parts (NYSE:GPC) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 1.4% year on year to $5.87 billion. Its non-GAAP profit of $1.75 per share was 3.9% above analysts’ consensus estimates.
Shares of enterprise workflow software maker ServiceNow (NYSE:NOW) jumped 15.2% in the afternoon session after the company reported strong first-quarter 2025 results, with cRPO (current remaining performance obligations) and RPO (remaining performance obligations) both beating. Although reported revenue roughly met expectations, profitability outperformed, leading to beats for adjusted operating income and adjusted EPS. Revenue from the US public sector grew net-new ACV (annual contract value) o
Shares of 3D measurement and imaging company FARO (NASDAQ:FARO) jumped 17.4% in the morning session after the company reported strong first-quarter 2025 results, which exceeded analysts' expectations across revenue, EPS, and EBITDA and included next quarter's EPS guidance that came in well above consensus. What stood out was the near doubling of adjusted EBITDA and a fourfold increase in adjusted EPS, signaling a meaningful improvement in cost efficiency and product profitability. Zooming out, t
Shares of semiconductor equipment maker Lam Research (NASDAQ:LRCX) jumped 7.2% in the afternoon session after the company reported strong first-quarter 2025 results, with adjusted operating income that topped analysts' expectations and next quarter's revenue guidance coming in well ahead of Wall Street forecasts, a signal that demand was holding up despite a murky global backdrop. Zooming out, we think this was a solid quarter.
Shares of equipment rental company United Rentals (NYSE:URI) jumped 10.3% in the afternoon session after the company reported strong first-quarter 2025 results which beat analysts' expectations across revenue, EPS, and EBITDA, pointing to resilient equipment demand and disciplined execution despite margin pressures. Sales rose close to 7%, but higher costs and a shift in business mix led to a dip in profit margins. Still, they managed to grow EBITDA and cash flow thanks to tight cost control and
