Shares of EV charging infrastructure provider Blink Charging (NASDAQ:BLNK)
fell 11.7% in the afternoon session after the company reported weak first quarter 2025 results: Its revenue missed significantly and its EBITDA fell short of Wall Street's estimates. Most of the damage came from a sharp drop in product sales, which fell nearly 70% and pulled revenue down about 45%. Gross margin held flat, but higher fixed costs and shrinking sales volumes weighed on profits. While management hinted that order volumes improved in April, it is not clear how much growth that will translate to, though sequential improvement was expected. Overall, this was a weaker quarter.
Shares of semiconductor designer Power Integrations (NASDAQ:POWI) fell 7.4% in the afternoon session after the company reported weak first quarter 2025 results, its inventory levels increased and revenue was only in-line with expectations. The result revealed muted sequential growth, as sales edged up just slightly from the prior quarter despite growing 15% year-over-year. Looking ahead, revenue guidance for next quarter was just in line as well.
On the other hand, Power Integrations beat analysts' adjusted operating income and EPS expectations this quarter.
Still, we think this was a mixed quarter. The market seemed to be hoping for more.
Shares of 3D printing company 3D Systems (NYSE:DDD) fell 25.8% in the afternoon session after the company reported disappointing first quarter 2025 results: its revenue, EPS, and EBITDA missed Wall Street's estimates significantly. Revenue declined, largely tied to a drop in materials sales in the dental market, where customers cut orders to manage inventory. Looking ahead, management pulled full-year guidance, citing uncertainty in customer budgets and global tariff risks. Overall, this was a weaker quarter.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 22.9% in the afternoon session after the S&P Dow Jones Indices announced that the company would join the S&P 500 Index before the start of trading on Monday, May 19, 2025. The S&P 500 is a widely followed index that tracks the performance of the 500 largest companies in the United States.
Shares of health insurance company UnitedHealth (NYSE:UNH)
fell 16% in the afternoon session after the company announced the unexpected departure of its CEO, Andrew Witty, for personal reasons, leading to uncertainty in leadership as former CEO Stephen Hemsley returns. Also, it suspended its full-year 2025 financial outlook, citing a continued acceleration in care activity and higher-than-anticipated medical costs, particularly within its Medicare Advantage plans.
Shares of e-commerce and gaming company Sea (NYSE:SE) jumped 8.8% in the afternoon session after the company reported impressive first quarter 2025 results that blew past analysts' EBITDA expectations. In addition, its number of paying users outperformed Wall Street's estimates by a wide margin. It was also comforting that full-year guidance was maintained. On the other hand, its revenue slightly missed. Overall, we think this was a solid quarter with some key areas of upside.
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Wall Street's rally stretched into a second session Tuesday, fueled by improving investor sentiment after an early-week breakthrough in U.S.-China trade talks, easing inflation data and fresh geopolitical headlines involving major investment pledges from the Middle East.
