Here’s a look at some companies making headlines in the latest trading sessions:
Palantir Technologies – Shares dropped nearly 7% after defense tech companies announced first-quarter earnings that met Wall Street’s expectations. Adjusted earnings were reported at 13 cents per share, consistent with consensus estimates from LSEG. Palantir’s revenue hit $884 million, surpassing predictions of $863 million.
Vertex Pharmaceuticals – The biotech firm’s stock fell by 2%, disappointing investors with quarter results. Adjusted revenues fell short of the estimated $4.06 per share, hitting only $2.77 billion against analyst expectations of $2.85 billion.
Mattel – Shares for the toy manufacturer decreased by 2.5% after management decided to suspend its full-year guidance for 2025 due to uncertainties around tariffs. However, their first-quarter results exceeded analyst expectations.
Neurocrine Biosciences – The neurodrugs producer saw its stock surge by 11% after achieving first-quarter revenues and earnings of $572.6 million. Sales for Ingrezza, a treatment for motor disorders, increased by 8% year-on-year to $545 million.
Lattice Semiconductors – This chip stock dropped 3.8% after reporting quarterly revenue that aligned with consensus estimates. The company projected quarterly revenues to be between $118.5 million and $128.5 million, while analysts anticipated $123.6 million. Adjusted revenue was expected to range from 22 to 26 cents per share, whereas analysts were looking for 24 cents.
HIMS & HERS HEALTH – Shares for the telehealth company fell 1%. Their second-quarter revenue guidance appeared weaker than anticipated, ranging from $530 to $550 million, compared to the $564.6 million expected by analysts. Nonetheless, first-quarter revenue exceeded expectations.
Ford Motor – The F-Series pickup truck manufacturer experienced a 2.7% decline after revealing first-quarter results that included a significant drop in revenue. According to FactSet, EBIT fell from $2.76 billion a year prior to $1.02 billion. Ford estimated that net costs related to the tariff increase for 2025 are about $1.5 billion and has retracted its forward guidance.
Clorox – The stock in this cleaning product manufacturer fell by 2.8%, reporting adjusted earnings of $1.45 per share against revenues of $1.67 billion in the third quarter. This was below analyst expectations of $1.57 per share and $1.73 billion.
Diamondback Energy – Energy stocks rose nearly 1% after posting results that surpassed expectations. The company reported $4.54 per share in first-quarter earnings, excluding items, exceeding the FactSet consensus of $4.18 per share. Their cash capital expenditures of $942 million for the current period were also lower than the Wall Street forecast of $952.8 million.
