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Shares of local television broadcasting and media company Gray Television (NYSE:GTN) jumped 17.6% in the afternoon session after the company reported decent first quarter 2025 results which included a significant EPS beat and EBITDA that outperformed estimates. Sales dropped 5%, dragged by weak political and retransmission revenue, though gains from production companies and digital ads helped soften the blow. Zooming out, we think this was a mixed print.

Shares of egg and butter company Vital Farms (NASDAQ:VITL) fell 9.1% in the afternoon session after the company reported weak first quarter 2025 results which significantly beat analysts' EPS and EBITDA expectations, although its full-year EBITDA guidance slightly missed. The company stuck to its revenue forecast but guided EBITDA a bit lower than expected, citing supply constraints and macro uncertainty. Overall, we think this was still a solid quarter.

Shares of environmental services provider Montrose (NYSE:MEG) jumped 14.7% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' revenue, EPS, and EBITDA expectations. Revenue climbed nearly 15% from the same period last year, with strength in the Measurement and Analysis and Remediation and Reuse segments more than offsetting declines in emergency response and permitting project revenues. Montrose also announced its first-ever stock repurchase program and completed a $60 million preferred equity redemption, showcasing its balance sheet strength and confidence in future cash flows. Zooming out, we think this was a good print with some key areas of upside.

Shares of healthcare diagnostics company QuidelOrtho (NASDAQ:QDEL) jumped 41.1% in the afternoon session after the company reported decent first quarter 2025 results which significantly beat EPS and EBITDA expectations, though misses on full-year EPS guidance and constant currency revenue. Sales fell 3%, hurt by a sharp drop in COVID-19 and Donor Screening tests, even though core labs and respiratory (excluding COVID) grew at a solid pace. Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes.

Shares of doughnut chain Krispy Kreme (NASDAQ:DNUT) fell 25.4% in the afternoon session after the company reported weak first quarter 2025 results which included a significant miss on next quarter's revenue guidance and EBITDA that fell short of Wall Street's estimates. Revenue dropped 15%, and even excluding last year's Insomnia divestment, organic sales still dipped 1%. Margins crumbled, EBITDA margin fell, with the U.S. business taking the hardest hit. Overall, this was a bad quarter.

Shares of 3D printing company Stratasys (NASDAQ:SSYS) jumped 14.1% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' EPS and EBITDA estimates. Revenue declined 6% year over year to $136 million, reflecting softness in hardware and services, but recurring consumables revenue climbed 7% sequentially, signaling improved system utilization among existing customers. Zooming out, we think this was a good print with some key areas of upside.

Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 6.8% in the afternoon session after the company announced the acquisition of Deribit for $ 2.9 billion to expand its capabilities in the rapidly growing derivatives market. The deal was made to cater to institutional investors and retail traders who are increasingly more sophisticated. The stock's reaction suggests that the market thinks the deal will strengthen COIN's competitiveness and improve its growth trajectory in the crypto space.

Shares of data analytics software provider Amplitude (NASDAQ:AMPL) jumped 13% in the afternoon session after the company reported strong first quarter 2025 results which included full-year and next quarter revenue guidance that slightly beat Wall Street estimates, though customer growth slowed. What really stood out was the growth in recurring revenue, which jumped 12%, mostly because more big companies are locking in longer contracts and using more parts of the platform. That helped drive sales up 10% from this time last year, though the company's growth rate still isn't back to what it used to be. Most of the boost came from existing high-spending clients, not from signing up a lot of new ones. Overall, this quarter was decent.

Shares of footwear company Crocs (NASDAQ:CROX) jumped 10.8% in the afternoon session after the company reported impressive first quarter 2025 results, which beat analysts' constant currency revenue, EPS, and EBITDA estimates. 

Shares of dating app company Match (NASDAQ:MTCH) fell 7% in the afternoon session after the company reported weak first quarter 2025 results:. The number of users declined and its number of payers fell slightly short of Wall Street's estimates, showing that demand is still struggling. Despite that, revenue was in line. The major positive was that EPS beat, showing that the company is outperforming on profitability. Overall, this quarter could have been better.

Shares of online dating app Bumble (NASDAQ:BMBL) jumped 23.8% in the afternoon session after the company reported decent first quarter 2025 results which included optimistic EBITDA guidance for next quarter that blew past analysts' expectations. On the other hand, its revenue guidance for next quarter missed. Separately, Bumble named Vivek Sagi as its new Chief Technology Officer, indicating the company's focus on product innovation and AI-led features. Zooming out, we still think this was a decent quarter featuring some areas of strength.

Shares of online legal service provider LegalZoom (NASDAQ:LZ) jumped 27.1% in the afternoon session after the company reported strong first quarter 2025 results which beat analysts' revenue, EPS, and EBITDA expectations, and also saw subscription units outperform Wall Street's estimates. Transaction revenue, by contrast, was flat, held back by a drop in business formations and softer average order values. Overall, we think this was a solid quarter with some key metrics above expectations.

Shares of beverage company Zevia (NYSE:ZVIA) jumped 44.6% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' EBITDA expectations and saw EPS outperform Wall Street's estimates. Sales dipped 2% year over year, but volumes stayed flat and pricing remained stable, helped by expanded shelf space at Walmart and offset by reduced exposure to the club channel and one mass retail customer. Zooming out, we think this was a solid print.

Shares of leading edge card issuer Marqeta (NASDAQ: MQ) jumped 11.6% in the afternoon session after the company reported decent first quarter 2025 results with EBITDA beating expectations on slightly better total payment volume. Sales grew 18%, riding a 27% jump in payment volume. Overall, this print was still decent.

Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 11.5% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' revenue and EBITDA expectations and featured raised full-year guidance on both metrics. Sales climbed 34% thanks to more people using the service and sending more money, with customer count up nearly 30% and volume rising over 40%. That helped turn last year's loss into a solid profit this time around. Overall, this "beat-and-raise" quarter had some key positives.

Shares of fast-food pizza chain Papa John’s (NASDAQ:PZZA) jumped 15.3% in the afternoon session after the company reported decent first quarter 2025 results which included a narrow beat on same-store sales and full-year EBITDA guidance that slightly exceeded Wall Street's expectations, although EBITDA slightly missed. Sales rose just 1% from last year, with more money coming in from its food supply and ad units. This helped balance out the drop from weaker sales at company-run stores, especially in the U.K., where many shops closed or were sold. Overall, this print had some key positives.

Shares of casual sandwich chain Potbelly (NASDAQ:PBPB) jumped 22.6% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' EPS and EBITDA and sales estimates. System-wide sales grew nearly 5%, powered by an increase in shop openings and solid performance from both company-owned and franchise locations. Franchise development was a particular strength in the quarter. Potbelly opened four new shops and secured commitments for 40 more, laying a solid foundation for scalable, recurring growth. Zooming out, we think this quarter featured some important positives.

Shares of plant-based food and beverage company SunOpta (NASDAQ:STKL) jumped 26.8% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' revenue, EPS, and EBITDA expectations, and included a raise to full-year revenue guidance. Revenue rose 10% as more people bought its drinks, snacks, and broth, even though the company cut prices a bit and left one category behind. Overall, we think this was a solid quarter with some key metrics above expectations.

Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) jumped 7.3% in the afternoon session after the company reported impressive first-quarter 2025 results, which significantly blew past analysts' revenue, EPS, and EBITDA expectations. 

Shares of online used car dealer Carvana (NYSE: CVNA) jumped 11.7% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' revenue and EBITDA expectations. They sold nearly 134,000 retail units (used cars), up 46%, and revenue climbed 38%, showing that buyers are still flocking to Carvana's online model. Margins looked strong too, with profit per sale improving and a nice boost from a revaluation in one of their investments. We think this was a solid print, but expectations were likely sky-high given the stock rocketed 50%+ over the past month.

Shares of mobile app advertising platform AppLovin (NASDAQ: APP) jumped 13.4% in the afternoon session after the company reported strong first quarter 2025 results which included a beat on both revenue and EBITDA, and also featured next quarter's optimistic EBITDA guidance that exceeded analysts' expectations. Revenue grew 40% from a year ago, driven by the surge in advertising, which more than offset a 14% decline in its legacy apps business, a segment the company is now exiting through a pending sale. Overall, we think this was a solid quarter with some key areas of upside.

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