Shares of video game retailer GameStop (NYSE:GME)
fell 5.2% in the afternoon session after the company reported underwhelming first-quarter 2025 results. Sales missed expectations, down a whopping 17%, signaling persistently soft demand for its core offerings. The miss was driven by shrinking sales in hardware and software, wiping out gains in the collectibles business that grew to nearly 30% of total sales.
Shares of fast-food pizza chain Papa John’s (NASDAQ:PZZA)
jumped 10.7% in the afternoon session after Apollo Global Management and a Qatari investment fund made a bid to take the company private. The reported takeover bid, valued PZZA at roughly $2 billion, represents a significant premium to Papa John's stock price before it was made public.
Apple shares are trading lower Wednesday slid following the company's WWDC 2025 event. While some analysts are bearish, others remain bullish on Apple's long-term ecosystem value.
Shares of foodservice packaging supplier Karat Packaging (NASDAQ:KRT) fell 14.3% in the afternoon session after the company announced the sale of 1.5 million shares for $27 per share by some members of its management team. The company itself is not selling any shares in this offering and will not receive any proceeds from the sale.
Shares of e-commerce pet food and supplies retailer Chewy (NYSE:CHWY) fell 9.7% in the afternoon session after the company reported underwhelming first-quarter 2025 results. Margins dipped slightly and customer growth was modest. Free cash flow margin also declined, highlighting both top- and bottom-line weaknesses. Overall, this was a softer quarter.
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Capricor expressed confidence that the facility will meet the necessary requirements to support product licensure and commercial launch, pending approval.
Apple Inc. (NASDAQ:AAPL) is under scrutiny as CNBC's “Mad Money” host Jim Cramer declared that the tech giant's stock buyback program "is not working right now."
Qualcomm launches AI research center in Vietnam. Major tech companies including Nvidia, Apple, and Alibaba have reached out to Vietnam for supply chain diversification.
Apple executives Craig Federighi and Greg Joswiak explained the delay of the Siri upgrade, emphasizing that reliability was prioritized over meeting the initial deadline to ensure a higher-quality product.
The big news from AAPL’s WWDC wasn’t Liquid Glass. In fact, it wasn’t any specific announcement AAPL made. The biggest news was what AAPL didn’t announce.
Software development tools maker GitLab (NASDAQ:GTLB) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 26.8% year on year to $214.5 million. The company expects next quarter’s revenue to be around $226.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.17 per share was 11.8% above analysts’ consensus estimates.
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.
