Shares of medical device company Boston Scientific (NYSE:BSX)
jumped 8.5% in the pre-market session after the company reported first quarter 2025 results that beat analysts' sales and EPS expectations. Organic sales growth topped the company's own forecast and was led by a 25.6% surge in its Cardiovascular segment, a signal that demand in its largest business is accelerating.
Looking ahead, its revenue guidance for next quarter exceeded Wall Street's estimates. Overall, we think this was a decent quarter with some key metrics above expectations.
Shares of aerospace and defense company Boeing (NYSE:BA)
jumped 7.2% in the morning session after the company reported impressive first-quarter 2025 results, which significantly blew past analysts' EBITDA and EPS expectations, signaling improved profitability.
Shares of language-learning app Duolingo (NASDAQ:DUOL)
jumped 10.4% in the morning session after Morgan Stanley initiated coverage of the stock with a Buy rating, calling the company a "best-in-class consumer internet asset.". The firm also assigned a price target of $435, implying a potential 30% upside.
Shares of elevator manufacturer Otis (NYSE:OTIS)
fell 6.2% in the morning session after the company reported underwhelming first-quarter 2025 results. Its organic revenue in the quarter fell short of Wall Street's estimates.
Revenue was just in line but EPS beat. Looking ahead, Otis lifted full-year revenue guidance, and the updated figure slightly beat analysts' expectations. Overall, this was a mixed yet weaker quarter.
Shares of enterprise workflow software provider Pegasystems (NASDAQ:PEGA) jumped 32.6% in the morning session after the company reported strong first-quarter 2025 results that significantly exceeded analysts' expectations on both revenue and EPS. Total revenue growth was underpinned by a 23% increase in Pega Cloud annual contract value and a 21% jump in backlog, both suggesting sustained momentum in client demand and deeper customer commitments.
Zooming out, we think this was a solid quarter.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 8.9% in the morning session after CEO Elon Musk announced plans to limit his involvement at the Department of Government Efficiency, suggesting a shift in focus toward his business ventures, especially Tesla. Musk added during the Q1 2025 earnings, "I think starting probably in next month, May, my time allocation to DOGE will drop significantly."
Shares of rail equipment company Westinghouse Air Brake Technologies (NYSE:WAB)
jumped 9.8% in the morning session after the company reported impressive first quarter 2025 results: EPS beat handily on better profitability and Wabtec raised its full-year EPS guidance. Management highlighted the strength of its international business and added that the company was "...approaching the remainder of the year with caution but with the discipline and focus to take the necessary actions to deliver against our commitments in an uncertain and volatile economic landscape."
Shares of electrical connector manufacturer Amphenol (NYSE:APH) jumped 12.1% in the morning session after the company reported impressive first-quarter 2025 results, which blew past analysts' revenue and EPS expectations. Sales jumped 48% year on year on a reported basis, and every business unit contributed, with the Communications Solutions segment doubling sales.
Looking ahead, its EPS guidance for next quarter outperformed Wall Street's estimates by a wide margin. Zooming out, we think this quarter featured some important positives.
Shares of supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) jumped 11.4% in the morning session after the company reported first-quarter 2025 results that significantly exceeded analysts' expectations across revenue, EPS, and EBITDA. The key highlight for the quarter was a 25% increase in remaining performance obligations, a forward-looking measure that signals sustained demand for its cloud products.
Shares of equipment distributor Watsco (NYSE:WSO) fell 8.5% in the afternoon session after the company reported underwhelming first-quarter 2025 results. Its revenue missed significantly, and its EBITDA fell short of Wall Street's estimates. Sales fell modestly, and operating income declined by a wider margin as the business was hit by slow demand in new housing and overseas markets. Overall, this was a weaker quarter.
Fed funds futures continue to price in a high probability (90%-plus) that the Federal Reserve will leave its target interest rate unchange at the next FOMC meeting on May 7.
