Shares of solar tracker company Nextracker (NASDAQ:NXT)
jumped 12.9% in the morning session after the company reported impressive first quarter 2025 (fiscal fourth quarter) results which blew past analysts' revenue, EPS, and EBITDA expectations. In addition, its full-year revenue guidance outperformed Wall Street's estimates. Sales grew 26% year-over-year, driven by booming demand for its Hail Pro and XTR solar trackers.
Shares of clothing and footwear retailer Boot Barn (NYSE:BOOT)
jumped 19.3% in the morning session after the company reported strong fourth-quarter results as its profit margins and EBITDA beat expectations, but its sales and earnings per share came in a bit short. The company's top-line growth, driven by store openings and nearly 10% growth in online sales, helped explain the strength in EBITDA.
Looking ahead, the company's guidance suggested sales will keep growing at a steady pace, but mostly from adding stores. However, earnings forecast looked pretty modest, and were below consensus estimates.
Still, management noted demand was holding up well, and they felt good about handling trade pressures. So overall, it was a strong quarter, even if the outlook felt a bit cautious.
Shares of sporting goods retailer Dick’s Sporting Goods (NYSE:DKS)
fell 14.2% in the morning session after the company announced the acquisition of footwear retailer Foot Locker for $2.4 billion. DKS would pay with some of its cash and take on new debt.
NIO stock fell Thursday, tracking broader US-listed Chinese stock weakness after Alibaba's results. Alibaba's revenue miss hurt sentiment for Chinese growth stocks like NIO shares broadly.
T-Mobile and Palo Alto Networks launch a joint 5G security solution for enterprises and government, combining Zero Trust architecture with embedded network safeguards to protect data.
Tesla added features to the off-lease cars through software upgrades and sold them to new customers who paid more than lease-end buyers would have, Reuters reported.
