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Boeing (BA) Shares Skyrocket, What You Need To Know
Shares of aerospace and defense company Boeing (NYSE:BA) jumped 5.7% in the afternoon session after the company announced that it secured the contract to produce the next generation of fighter jets for the U.S. military, successfully outbidding competitor Lockheed Martin. The contract, known as Next Generation Air Dominance, or NGAD, is supposed to help build jets (F-47) that will accompany a future fleet of drone aircraft to protect the US against its adversaries. According to the press release, the contract is worth an estimated $20 billion.
Why Nike (NKE) Shares Are Trading Lower Today
Shares of athletic apparel brand Nike (NYSE:NKE) fell 8.5% in the pre-market session after the company reported third-quarter (fiscal 2025) results which came in soft, showing that the company's turnaround was still a work in progress. Sales continued to fall, and, margins shrunk underscoring ongoing challenges. Revenue, when adjusted for currency fluctuations, fell 7% year-over-year, a sharp contrast to flat growth in the same quarter last year.
Why Scholastic (SCHL) Stock Is Up Today
Shares of educational publishing and media company Scholastic (NASDAQ:SCHL) jumped 15.2% in the morning session after the company delivered strong first-quarter (fiscal Q3 2025) results, with profits significantly exceeding expectations as both EPS and EBITDA outperformed Wall Street's estimates.
Why Lockheed Martin (LMT) Stock Is Down Today
Shares of security and Aerospace company Lockheed Martin (NYSE:LMT) fell 7% in the afternoon session after the company lost the contract to produce the next generation of fighter jets for the U.S. military, which was awarded to Boeing. The contract, known as Next Generation Air Dominance, or NGAD, is supposed to help build jets ( F-47) that will accompany a future fleet of drone aircraft to protect the US against its adversaries. According to the press release, the contract is worth an estimated $20 billion.
Why Lennar (LEN) Stock Is Falling Today
Shares of homebuilder Lennar (NYSE:LEN) fell 6.7% in the morning session after the company reported weak first-quarter 2025 results, with its backlog declining 22% year over year, raising concerns about the strength of its near-term sales pipeline.
Micron (MU) Stock Trades Down, Here Is Why
Shares of memory chips maker Micron (NYSE:MU) fell 8.8% in the afternoon session after the company reported first-quarter (fiscal Q2 2025) results, which came with high expectations, but while the overall performance was decent, softness in key markets, weaker margins, and inventory concerns overshadowed the positives.
Why Planet Labs (PL) Stock Is Nosediving
Shares of earth imaging satellite company Planet Labs (NYSE:PL) fell 22.6% in the morning session after the company reported weak fourth-quarter (fiscal 2025) results: Its full-year revenue and EBITDA guidance missed significantly along with this quarter's revenue and EPS.
Why FedEx (FDX) Shares Are Falling Today
Shares of parcel and cargo delivery company FedEx (NYSE:FDX) fell 10.8% in the morning session after the company reported weak first-quarter (fiscal Q3 2025) results: its EPS and EBITDA fell short of Wall Street's estimates.
Why Is Torrid (CURV) Stock Soaring Today
Shares of women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) jumped 9% in the morning session after the company reported strong fourth-quarter 2024 results, which blew past analysts' estimates for sales, earnings, and operating profits.
Carnival’s (NYSE:CCL) Q1 Sales Top Estimates
Cruise ship company Carnival (NYSE:CCL) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 7.5% year on year to $5.81 billion. Its non-GAAP profit of $0.13 per share was significantly above analysts’ consensus estimates.