Palantir Rises, Caterpillar Falls, Hims & Hers Drops on Earnings, Vertex Plunges on Drug Results
On this episode of Stock Movers:- Palantir (PLTR) shares rise after the company reported a 48% increase in revenue, citing the “astonishing impact” of AI. US government revenue climbed 53% while revenue from commercial contracts rose 93% for the year.- Caterpillar (CAT) shares fall after the company missed on EPS results as tariffs are biting into profitability. The company projected a net impact from incremental tariffs of around $1.3 billion to $1.5 billion for the full year. - Hims & Hers (HIMS) shares drop after the company reported revenue for the second quarter that missed the average analyst estimate.- Vertex (VRTX) shares plunge after its' experimental pain drug failed to benefit patients after surgery. US regulators said they didn’t see a path forward for broad use of its pill in treating a type of chronic pain.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Palantir Technologies (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business. The data software company also raised its revenue outlook for the full year to a range of $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion.- Pfizer (PFE) raised its profit forecast for the year as the drugmaker’s ongoing cost cuts helped make up for a lack of sales growth. Adjusted profits will be between $2.90 to $3.10 per share in 2025, the New York-based company said in a statement Tuesday. Pfizer had previously expected adjusted earnings of $2.80 to $3 per share. The company maintained its revenue projections of between $61 billion and $64 billion for the year.- Yum! Brands (YUM) sales rose less than expected in the latest quarter after growth at Taco Bell and KFC was weaker than anticipated.Sales at established restaurants rose 2% from a year ago, the company said Tuesday, slightly below the average of analyst estimates. Slower growth at Taco Bell, which has helped power the company’s results in recent quarters with buzzy offerings and low prices, contributed to the miss.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers: - Palantir Technologies (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business. The data software company also raised its revenue outlook for the full year to a range of $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion. - Pfizer (PFE) raised its profit forecast for the year as the drugmaker’s ongoing cost cuts helped make up for a lack of sales growth. Adjusted profits will be between $2.90 to $3.10 per share in 2025, the New York-based company said in a statement Tuesday. Pfizer had previously expected adjusted earnings of $2.80 to $3 per share. The company maintained its revenue projections of between $61 billion and $64 billion for the year. - Caterpillar (CAT) shares fall 4.1% premarket after the industrial giant reported adjusted earnings per share for the second quarter that missed the average analyst estimate.See omnystudio.com/listener for privacy information.
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DHL Jumps, Continental Falls, BP Rises
On this episode of Stock Movers: - DHL gained as much 6.7%, the most since April, after the logistics giant posted a strong second-quarter earnings beat against somewhat muted expectations, with analysts citing its cost control as a key positive and reason for the beat. - Continental shares were down as much as 2.8% after the German firm reported adjusted Ebit for the second quarter that missed the average analyst estimate, with brokers citing tariff and FX-led tire division weakness. Still, analysts noted margin improvement in the autos segment to be spun off in September. - BP stocks were up as much as 2.8% after the oil major reported adjusted net income for the second quarter that beat the average analyst estimate. The company also announced it will buy back $750 million of shares.See omnystudio.com/listener for privacy information.
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Palantir Reports Sales Up 48%, Spotify Jumps, Tyson Rises
On this episode of Stock Movers:- Palantir (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial technology on its business.The data software company also raised its revenue outlook for the full year to $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion.The shares gained in extended trading after closing at $160.66 in New York. Denver-based Palantir has seen its stock price surge more than 500% over the past year — buoyed by high expectations from investors, growth in demand for AI tools and a deep reach into both the private and public sectors.- Spotify (SPOT) shares rose after the company announced it’s raising premium subscription prices across many markets outside the US. The Swedish music streaming company is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region, according to a statement on Monday. Over the next month, customers will receive an email outlining the new price plan. Subscription prices vary by country, but the statement included a sample email describing a price increase of €1 per month to €11.99 ($13.87).- Tyson (TSN)'s top boss said a long-awaited push to rebuild the US cattle herd will begin “in earnest” next year — though the meat producer doesn’t expect to benefit before 2028. Signs that ranchers are starting to retain heifers for breeding are setting a stronger outlook for Tyson’s money-losing beef business, even as it will take another couple of years for the move to translate into increased supplies of slaughter-weight animals, Chief Executive Officer Donnie King said on Monday. Rebuilding the US herd is essential for beef producers. For years, ranchers have slashed herd sizes due to high interest rates, expensive feed and persistent drought. That has created the worst shortage in decades, pushing cattle prices to record highs and squeezing profits as processors struggle to pass on higher costs to consumers. Shares rose during trading today.See omnystudio.com/listener for privacy information.
Stock Movers features five-minute conversations on today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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