Guess who’s making waves in after-hours trading? Let’s dive into the latest buzz:
First up, we’ve got Robinhood. They’re up by 4.5% thanks to a sweet $1 billion share repurchase plan they just announced. Can you believe? That’s one bold move.
Then there’s Cava Group. They took a hit with a 5% drop, even though their earnings and revenue for the first quarter blew past expectations. Talk about a rollercoaster ride for these guys!
Box is also in the mix, gaining 1.2% off the back of killer earnings and revenue numbers. The cloud storage crew is really showing up and surprising folks left and right.
Microchip Technology isn’t far behind, dipping 2.8% after unveiling plans to raise $1.1 billion in convertible senior notes due 2030 through a private offering – gotta keep things interesting in the market game!
American Airlines? Well, they’re not having the best day after slashing their sales outlook for Q2 by more than 6%. Adjusted earnings are taking a hit too – down to $1 to $1.15 per share from previous estimates.
And last but not least, United Airlines also saw a 2% drop following their financial outlook update that kept second-quarter earnings expectations between $3.75 and $4.25 per share – talk about setting some serious goals!
So, what do you think about these wild moves? It’s like watching a never-ending drama unfold on Wall Street every day!
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