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Why Darden (DRI) Stock Is Trading Up Today
Shares of restaurant company Darden (NYSE:DRI) jumped 14.7% in the morning session after the company reported strong third-quarter results, which exceeded analysts' same-store sales expectations, leading to a revenue beat while EPS was roughly in line. The company recorded growth across its four largest brands–Olive Garden, LongHorn Steakhouse, Yard House, and Cheddar's Scratch Kitchen, demonstrating that the solid result was broad-based. Its full-year revenue guidance also came in slightly higher than Wall Street's estimates. Overall, this quarter had some key positives.
Why Micron (MU) Shares Are Falling Today
Shares of memory chips maker Micron (NYSE:MU) fell 18.1% in the morning session after the company reported disappointing third-quarter (FQ1 2025) earnings. Its revenue and EPS guidance for next quarter missed significantly, sending shares lower. The weak outlook was driven by three main factors: a slowdown in demand for data center SSDs, slower-than-anticipated inventory absorption in consumer markets such as PCs and smartphones, and an industry-wide oversupply of NAND memory. In contrast, Micron achieved a notable improvement in its inventory levels, and its adjusted operating income exceeded Wall Street's forecasts. Overall, this was a challenging quarter for the company.
Palantir (PLTR) Stock Trades Up, Here Is Why
Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 5.6% in the morning session after the company announced an extension of its partnership with the U.S. Army to improve the Army Data Platform (ADP) via the Army Vantage software system. The Vantage platform has supported more than 100,000 users and integrates data from more than 180 sources, highlighting the growing complexity and sophistication of building and managing the project. This expanded contract is valued at approximately $401 million over a period of up to four years, with a total potential ceiling of $619 million.
Why Lamb Weston (LW) Stock Is Falling Today
Shares of potato products company Lamb Weston (NYSE:LW) fell 21.5% in the morning session after the company reported disappointing third quarter (FQ2 2025) financial results, with revenue and EPS falling below Wall Street's expectations. Its full-year revenue guidance also missed significantly, and its full-year EBITDA guidance fell short of Wall Street's estimates.
Why Is KBR (KBR) Stock Rocketing Higher Today
Shares of government and sustainable technology solutions company KBR (NYSE:KBR) jumped 7.8% in the pre-market session after The Wall Street Journal reported that activist investor Irenic Capital Management had built a stake in KBR and is urging the company to spin off its private sector business. This move is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.
Why Soho House (SHCO) Stock Is Up Today
Shares of social club operator Soho House (NYSE:SHCO) jumped 65.2% in the pre-market session after the company received an acquisition offer from a new third-party consortium for $9.00 per share, representing a premium of 83% to the closing price as of Wednesday, December 18, 2024. This is driving the stock action. As for the quarter, Soho House beat analysts' EPS expectations while revenue was in line. On the other hand, full year revenue guidance was lowered, which is never a good sign.
Why C3.ai (AI) Shares Are Falling Today
Shares of artificial intelligence (AI) software company C3.ai (NYSE:AI) fell 12.7% in the morning session after KeyBanc analyst Eric Heath downgraded the stock's rating from Hold to Sell and assigned a price target of $29. The price target implied a potential 25% downside from where shares traded before the downgrade was announced. The analyst thinks the stock's recent rally means AI's valuation presents "an unfavorable risk/reward.".
Paychex (NASDAQ:PAYX) Posts Q4 Sales In Line With Estimates
Payroll and human resources software provider, Paychex (NASDAQ:PAYX) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.7% year on year to $1.32 billion. Its non-GAAP profit of $1.14 per share was 1.5% above analysts’ consensus estimates.
Soho House (NYSE:SHCO) Posts Q3 Sales In Line With Estimates, Stock Jumps 64%
Social club operator Soho House (NYSE:SHCO) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 10.8% year on year to $333.4 million. On the other hand, the company’s full-year revenue guidance of $1.2 billion at the midpoint came in 2.2% below analysts’ estimates. Its GAAP loss of $0 per share was $0.02 above analysts’ consensus estimates.
Conagra (NYSE:CAG) Exceeds Q4 Expectations
Packaged foods company Conagra Brands (NYSE:CAG) reported Q4 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $3.20 billion. Its non-GAAP profit of $0.70 per share was 3.9% above analysts’ consensus estimates.