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Shares of racing, gaming, and entertainment company Churchill Downs (NASDAQ:CHDN) fell 14.9% in the morning session after the company reported mixed first quarter 2025 results, which included an EPS beat, but revenue and EBITDA were in line. Revenue was up 9%, with both gaming and racing up around 10%. But TwinSpires, where customers place horse bets online, saw less action, which softened the overall results. Management maintained a steady tone, reaffirming confidence in its core businesses but pausing certain capital projects due to the economic backdrop. 

Shares of boat and marine products retailer MarineMax (NYSE:HZO) jumped 15.6% in the morning session after the company reported strong first-quarter 2025 results, which significantly exceeded analysts' expectations across revenue, EPS, and EBITDA. The key highlight for the quarter was an 11% same-store sales increase, a sign that core operations are not just holding up but expanding, despite economic pressures and weakening demand trends across the broader industry. On the other hand, it lowered its full-year EPS guidance. Still, we think this was a decent quarter with some key areas of upside.

Shares of defense, intelligence, and IT solutions provider CACI International (NYSE:CACI) jumped 9.8% in the afternoon session after the company reported a "beat and raise" first quarter 2025 results which beat analysts' expectations on revenue, backlog, EPS, and EBITDA. Backlog climbed nearly 10% to a record $31.4 billion, and the company reported a healthy 1.2x book-to-bill ratio, reflecting ongoing demand for its secure communications, intelligence, and electronic warfare solutions. It also raised its full-year revenue and EPS guidance. Zooming out, we think this was a good quarter with some key areas of upside.

Shares of healthcare insurance company Molina Healthcare (NYSE:MOH) fell 6.7% in the morning session after the company reported weak first-quarter 2025 results, missing analysts' expectations on EBITDA despite beating on revenue, EPS, and membership growth. Medical costs ticked up as expected, and EBITDA performance was softer than anticipated. The medical care ratio rose to 89.2%, as higher utilization in long-term care and behavioral health pushed costs above forecast, especially in the Medicaid and Marketplace segments. Overall, the results disappointed.

Auto and industrial parts retailer Genuine Parts (NYSE:GPC) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 1.4% year on year to $5.87 billion. Its non-GAAP profit of $1.75 per share was 3.9% above analysts’ consensus estimates. 

Shares of RFID manufacturer Impinj (NASDAQ:PI) jumped 20.4% in the pre-market session after the company reported strong first quarter 2025 results which significantly exceeded analysts' EPS and revenue estimates. Looking ahead, EBITDA and EPS guidance for the next quarter came in ahead. Overall, this quarter was quite strong.

Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN) jumped 9.8% in the pre-market session after the company reported strong first-quarter 2025 results, which significantly exceeded analysts' EPS expectations and included next quarter's revenue guidance that topped Wall Street's estimates. What stood out was the 11% jump in revenue from the prior year, supported by broad-based growth across nearly all business segments, except for a typical seasonal dip in personal electronics. Zooming out, we think this quarter featured some important positives.

Shares of IT services provider ASGN (NYSE:ASGN) fell 15.3% in the afternoon session after the company reported weak first quarter 2025 results: EPS, EBITDA, and the outlook for all key financial metrics fell short. Sales were down nearly 8% year on year. Assignment work fell hard, and several commercial sectors just didn't hold up. Overall, this was a weaker quarter.

Shares of technology and consulting giant IBM (NYSE:IBM) fell 7.5% in the afternoon session after the company reported mixed first-quarter 2025 results, as a significant operating income miss weighed on the overall performance. On the other hand, IBM exceeded expectations for revenue, adjusted EPS, and EBITDA. Overall, we think this was a decent quarter, with some key metrics above expectations. The areas below expectations seem to be driving the move, and shares traded down.

Shares of enterprise workflow software maker ServiceNow (NYSE:NOW) jumped 15.2% in the afternoon session after the company reported strong first-quarter 2025 results, with cRPO (current remaining performance obligations) and RPO (remaining performance obligations) both beating. Although reported revenue roughly met expectations, profitability outperformed, leading to beats for adjusted operating income and adjusted EPS. Revenue from the US public sector grew net-new ACV (annual contract value) over 30% in the quarter, which is better than many investors expected under the new Trump administration. Overall, the result was impressive, especially considering how the markets were worried about the health of ServiceNow's enterprise customers and their appetite to spend amid an uncertain macro backdrop.

Industrial conglomerate 3M (NYSE:MMM) reported Q1 CY2025 results beating Wall Street’s revenue expectations, but sales fell by 1% year on year to $5.95 billion. Its non-GAAP profit of $1.88 per share was 6.4% above analysts’ consensus estimates. 

Shares of semiconductor equipment maker Lam Research (NASDAQ:LRCX) jumped 7.2% in the afternoon session after the company reported strong first-quarter 2025 results, with adjusted operating income that topped analysts' expectations and next quarter's revenue guidance coming in well ahead of Wall Street forecasts, a signal that demand was holding up despite a murky global backdrop. Zooming out, we think this was a solid quarter.

Shares of 3D measurement and imaging company FARO (NASDAQ:FARO) jumped 17.4% in the morning session after the company reported strong first-quarter 2025 results, which exceeded analysts' expectations across revenue, EPS, and EBITDA and included next quarter's EPS guidance that came in well above consensus. What stood out was the near doubling of adjusted EBITDA and a fourfold increase in adjusted EPS, signaling a meaningful improvement in cost efficiency and product profitability. Zooming out, this quarter featured some important positives.

Shares of equipment rental company United Rentals (NYSE:URI) jumped 10.3% in the afternoon session after the company reported strong first-quarter 2025 results which beat analysts' expectations across revenue, EPS, and EBITDA, pointing to resilient equipment demand and disciplined execution despite margin pressures. Sales rose close to 7%, but higher costs and a shift in business mix led to a dip in profit margins. Still, they managed to grow EBITDA and cash flow thanks to tight cost control and a tax gain from a scrapped deal. Overall, this quarter had some key positives.

Shares of rural goods retailer Tractor Supply (NASDAQ:TSCO) fell 5.9% in the morning session after he company reported weak first-quarter 2025 results, as both its full-year revenue and EPS guidance fell short of analysts' expectations. Comparable store sales declined 0.9%, with transaction volume rising 2.1% but average ticket size falling 2.9%, pointing to cautious consumer spending and pressure on higher-priced discretionary items. Management cited tariff uncertainty as a key factor in lowering the outlook. Overall, this was a weaker quarter.

Shares of specialized talent solutions company Robert Half (NYSE:RHI) fell 16.7% in the pre-market session after the company reported weak first-quarter 2025 results, which included significant misses on revenue, EPS, and EBITDA. Revenue fell to $1.35 billion, an 8.4% drop from the previous year, with significant declines across all contract staffing categories. Overall, this was a weaker quarter.