LOBO EV Technologies Ltd. (NASDAQ: LOBO) partners with U.S. distributor to expand EV presence in America, expecting $6 million in revenue from 5,000 electric four-wheelers.
Shares of footwear and apparel retailer Foot Locker (NYSE:FL)
jumped 85.2% in the morning session after the company agreed to be acquired by DICK'S for an equity value of approximately $2.4 billion (enterprise value of $2.5 billion). The offer of $24 per share in cash or 0.1168 shares of DICK'S stock represented a substantial 66% premium over Foot Locker's average trading price for the previous 60 days.
Shares of fast-food chain Jack in the Box (NASDAQ:JACK)
fell 9.4% in the morning session after the company reported weak first-quarter 2025 results as revenue and same-store sales fell slightly short of Wall Street's estimates. Sales fell nearly 5% across both the Jack in the Box and Del Taco brands, mainly because fewer people visited their restaurants.
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Shares of IT services provider DXC Technology (NYSE:DXC) fell 7.4% in the morning session after the company reported weak first quarter 2025 results as its full-year revenue and EPS guidance fell short of Wall Street's estimates. Sales dipped over 6%, and even after adjusting for acquisitions and currency swings, organic revenue was still down more than 4%.
On the other hand, DXC beat analysts' revenue, EPS, and EBITDA expectations. Overall, this quarter could have been better.
Shares of networking technology giant Cisco (NASDAQ:CSCO) jumped 6.7% in the morning session after the company reported impressive first quarter 2025 (fiscal Q3) results which beat analysts' sales and earnings estimates. In addition, Cisco increased its EPS guidance for the next quarter. The main story here was the steady growth, with revenue up 11% thanks to strong demand for AI and security products. On the other hand, its EBITDA missed, but this print still had some key positives.
Shares of health insurance company UnitedHealth (NYSE:UNH)
fell 16% in the morning session after the Wall Street Journal reported that the Justice Department was investigating the company for possible Medicare fraud. Such investigations typically trigger investor concern due to the potential for significant financial penalties, legal costs, and reputational damage.
Shares of agricultural and construction machinery company Deere (NYSE:DE) jumped 5% in the morning session after the company turned in an impressive second quarter, with both sales and earnings beating expectations, even though sales overall were down quite a bit from the previous year.
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.
