Baidu plans to test its Apollo Go robotaxi service in Switzerland, expanding internationally amid fierce competition, even as strict European regulations pose delays.
In his role at Celgene Corp, Hand played a strategic role in transactions including the $74 billion acquisition of Celgene by Bristol Myers Squibb and its subsequent integration.
Shares of young adult apparel retailer American Eagle Outfitters (NYSE:AEO) fell 6.9% in the morning session after the company pulled its financial outlook for the year, citing "macro uncertainty." It also planned to write down $75 million in spring and summer merchandise.
First-quarter sales are projected to decline by 5%, reflecting weakening consumer demand or competitive pressures. The company also anticipates an adjusted operating loss of approximately $68 million, driven by the inventory write-down and increased promotional spending.
This announcement limits visibility into future performance and might undermine investor confidence in the near term.
Shares of fast-food chain Arcos Dorados (NYSE:ARCO)
fell 6.1% in the morning session after the company reported weak first quarter 2025 results: Its same-store sales missed and its revenue fell short of Wall Street's estimates.
Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 17.7% in the morning session after the company announced shipments of high-density servers powered by AMD's EPYC 4005 processors and revealed a $20 billion multi-year partnership with Saudi data center firm DataVolt. The deal aims to accelerate delivery of GPU platforms for hyperscale AI campuses in Saudi Arabia and the U.S.
Shares of application performance monitoring software provider Dynatrace (NYSE:DT)
jumped 5.5% in the morning session after the company reported impressive first quarter 2025 results with sales, adjusted operating income, and earnings all exceeding Wall Street's expectations.
Shares of digital storytelling platform WEBTOON (NASDAQ:WBTN) fell 14.2% in the morning session after the company reported weak first quarter 2025 results: its revenue and EPS missed. The shortfall was driven by a modest decline in Paid Content sales, which remained the company's largest revenue stream, even as Advertising and IP Adaptations grew modestly.
Adjusted EBITDA fell a lot from the prior year, and margins shrank, as operating expenses soared. These cost increases overwhelmed the modest top-line performance and pushed adjusted earnings per share down.
Shares of beauty and waxing service franchise European Wax Center (NASDAQ:EWCZ) jumped 14.7% in the morning session after the company reported impressive first quarter 2025 results, which blew past analysts' sales, earnings, and EBITDA estimates.
Shares of computer processor maker AMD (NASDAQ:AMD)
jumped 5.4% in the morning session after the company announced a new $6 billion share buyback program. This adds to the approximately $4 billion remaining under the existing program, bringing the total repurchase authorization to around $10 billion.
