Outdoor lifestyle and equipment company Clarus (NASDAQ:CLAR) beat Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 2.2% year on year to $55.25 million. Its non-GAAP loss of $0.03 per share was $0.02 below analysts’ consensus estimates.
Nvidia briefly touched a record high on Thursday before closing down 0.8%, outperforming chip peers as bullish bets on AI demand offset a soft day for tech stocks.
Shares of construction management software maker Procore (NYSE:PCOR) fell 3.1% in the afternoon session after Confluent's disappointing quarterly results signaled growing headwinds in the space.
Shares of cruise company Norwegian Cruise Line (NYSE:NCLH)
jumped 9.4% in the afternoon session after the company reported strong second-quarter results and offered an upbeat profit outlook for the year. The cruise operator's balance of advance ticket sales reached a record high of $4.0 billion, a sign of strong future demand. Norwegian posted record total revenue of $2.5 billion for the quarter, a 6% increase from the previous year. The company also reaffirmed its optimistic full-year 2025 guidance, which projected adjusted earnings of approximately $2.05 per share. Management noted that booking volumes recovered above historical levels, fueled by robust consumer interest.
Shares of engineering and design software provider PTC (NASDAQ:PTC) jumped 6.9% in the afternoon session after the company reported strong third-quarter fiscal 2025 results that beat analyst expectations and led to a raised full-year outlook. The design software provider reported that its revenue grew 24% year-over-year to $644 million. Net income surged a remarkable 104.9%, which marked its highest level for a fiscal third quarter in over two decades. In response to the strong quarter, PTC lifted its full-year forecast for key financial metrics including revenue, free cash flow, and earnings per share. The positive results arrived amid broader strength in the software-as-a-service sector. The news prompted positive reactions from Wall Street, and the stock reached an all-time high.
Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) fell 6.8% in the afternoon session after the company reported quarterly financial results that disappointed investors on profitability. The chip designer announced revenue of $203.4 million, a 22% increase from the previous year, which surpassed analyst forecasts. Allegro also issued an optimistic outlook for the next quarter, expecting revenue to land between $205 million and $215 million. However, investors focused on the company's bottom line. The reported GAAP loss of $0.07 per share fell significantly short of Wall Street's expectations. This earnings miss appeared to overshadow the strong sales growth and positive guidance, prompting a sell-off in the stock.
Shares of online casino and sports betting company Rush Street Interactive (NYSE:RSI)
jumped 19.1% in the afternoon session after the company reported second-quarter results that topped Wall Street estimates and raised its full-year revenue guidance. The company's revenue climbed 22% to $269.2 million, and it reported a net income of $28.8 million, a significant turnaround from a net loss in the same quarter last year. This growth stemmed from a 25% increase in its online casino business and a 15% rise in online sports betting. The strong performance bucked a wider trend, as traditional casino operators' stocks declined, highlighting a divergence within the gaming industry. In response to the strong quarter, Wall Street analysts from firms like Needham and Oppenheimer raised their price targets on the stock.
Shares of online used car dealer Carvana (NYSE: CVNA)
jumped 17.7% in the afternoon session after the company reported strong second-quarter results that surpassed analyst expectations for both revenue and earnings.
Shares of aerospace and defense company Huntington Ingalls (NYSE:HII)
jumped 9.9% in the afternoon session after the company reported second-quarter earnings and revenue that sailed past Wall Street forecasts, driven by strong contract awards and a record backlog. The shipbuilder's revenue climbed 3.5% to $3.08 billion, while its earnings per share landed at $3.86. Although the company's net income of $152 million declined from the previous year, it still comfortably surpassed analysts' projections. The strong performance stemmed from easing production snags at its shipyards and booming demand for submarines. Huntington Ingalls also secured $11.9 billion in new contracts during the quarter, which brought its total funded backlog to a record high of $56.9 billion. Furthermore, free cash flow surged to $730 million, a significant improvement from a negative figure a year ago.
Shares of online marketplace eBay (NASDAQ:EBAY)
jumped 19.8% in the afternoon session after the company reported second-quarter results that significantly beat Wall Street's expectations and provided a strong outlook for the upcoming quarter.
Looking for the most active stocks in the S&P500 index on Thursday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.
Super Micro Computer, Inc. (NASDAQ: SMCI), commonly known as Supermicro, is an American information technology company headquartered in San Jose, California. Since its inception, Supermicro has evolved into a global leader in high-performance, high-efficiency server and storage solutions, playing a pivotal role in the infrastructure that underpins enterprise data centers,
Broadcom shares just eclipsed $300, with a plethora of positive factors driving a big two-month rally. Investors should keep their eyes on this key risk.
Industrial and safety product distributor Distribution Solutions (NASDAQ:DSGR) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 14.3% year on year to $502.4 million. Its non-GAAP profit of $0.35 per share was 5% above analysts’ consensus estimates.
U.S. stock futures rose on Thursday after ending on a mixed note on Wednesday. Futures of major benchmark indices were higher, except for the small-cap gauge Russell 2000.
