In midday trading, several companies made headlines with their stock performances. Planet Fitness saw a 7.9% jump in shares after beating analyst estimates for first-quarter earnings and EBITDA. Yeti also experienced a 9.7% increase in stock value, with strong financial results for the quarter that exceeded expectations. British chip designer Arm, however, fell 1% as investors were unimpressed by the company’s revenue guidance for the full year 2025. Klaviyo surged 15% on strong second-quarter revenue guidance, while Airbnb tumbled more than 6% after offering weaker-than-expected guidance for the second quarter.
AppLovin soared 19% after reporting better-than-expected first quarter earnings, with earnings per share and revenue both exceeding analyst estimates. SolarEdge, on the other hand, lost 6% after posting a wider-than-expected loss in the first quarter, despite beating revenue expectations. AMC Entertainment dropped 4.6% as first-quarter revenue and attendance declined from the previous year, in line with expectations. Duolingo slid 17.3% despite beating revenue expectations for the first quarter, as the company’s guidance for the current quarter did not exceed analyst forecasts.
Bumble saw a 7% increase in stock value after exceeding earnings and revenue expectations for the first quarter, while Warby Parker surged 14% following first-quarter results that exceeded expectations. Tapestry rose 2.5% after reporting better-than-expected earnings in the fiscal third quarter, despite lowering its full-year revenue outlook. Roblox sank more than 21% after revising its annual bookings guidance downward due to a decline in engagement. Forward Air plunged 25% after reporting a worse-than-expected loss in the first quarter, attributed to challenging market conditions.
Cheesecake Factory rallied nearly 9% after beating earnings estimates for the first quarter, leading to an upgrade from Raymond James. Affirm bounced 4.9% following a decline, with JPMorgan upgrading the stock to overweight. Norfolk Southern fell more than 3% after shareholders elected three board members nominated by activist investor Ancora, failing to oust incumbent CEO Alan Shaw. Equinix climbed 11% after reporting an earnings beat for the first quarter, driven by the rapidly evolving AI landscape. CEO Charles Meyers highlighted the company’s strong performance in a changing market.
