Shares of footwear and accessories discount retailer Designer Brands (NYSE:DBI)
fell 21.4% in the afternoon session after the company reported underwhelming first-quarter 2025 results, with sales and earnings falling short of Wall Street's estimates.
Shares of fresh produce company Calavo Growers (NASDAQ:CVGW)
fell 17.3% in the afternoon session after the company reported weak first-quarter 2025 (fiscal Q2) results, which fell short of Wall Street's estimates across all key metrics, including sales, operating profit, and earnings per share.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.5% in the afternoon session after tension between CEO Elon Musk and President Donald Trump continued to cool off. This de-escalation is likely a major relief for investors who had been worried about the potential negative impacts on Tesla's business, particularly regarding government contracts or regulatory scrutiny.
Shares of packaged foods company J.M Smucker (NYSE:SJM)
fell 14.3% in the afternoon session after the company reported underwhelming first-quarter 2025 results: its full-year EPS guidance missed, and its revenue fell short of Wall Street's estimates. The weak top line reflected soft demand for dog snacks, sweet baked goods, fruit spreads and lower contract manufacturing sales related to the divested pet food brands.
Shares of restaurant company Cracker Barrel (NASDAQ:CBRL)
fell 5.5% in the afternoon session after the company announced a private offering of $275 million in convertible senior notes (debt) due 2030. The stock is likely down due to concerns about the dilutive effect of the notes, which can be converted to the company's ordinary stock, raising the total share count.
Shares of senior living provider Brookdale Senior Living (NYSE:BKD) jumped 8.2% in the afternoon session after the company announced strong occupancy results for May 2025. Consolidated weighted average occupancy reached 80%, a significant increase over the previous year. This positive performance, driven by strong move-in volumes and sales execution, signals improving revenue potential for the company.
Alphabet Inc. (NASDAQ: GOOG) shares are trading higher Tuesday following reports that OpenAI has signed a cloud services deal with Google, marking a rare partnership between two direct competitors in the AI space.
