Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 2.8% in the afternoon session after tariffs and trade tensions picked up after President Trump announced plans to impose up to 25% tariffs on iPhones sold in the US unless the company moved manufacturing back home. T. he proposed tariffs underscore a renewed focus on domestic manufacturing.
Shares of finance and HR software company Workday (NASDAQ:WDAY) fell 11.4% in the afternoon session after the company reported underwhelming first-quarter 2025 (fiscal 2026) results: full-year subscription revenue guidance of 14% growth remained unchanged, but the market typically looks for upside in this metric, and in-line guidance failed to inspire confidence. Billings also missed.
Shares of IT solutions provider ePlus (NASDAQ:PLUS) jumped 7% in the morning session after the company reported decent first quarter 2025 earnings. EPS beat handily while revenue missed. Notably, margins improved, thanks to a shift toward higher-margin services like software subscriptions and managed support.
Shares of online vehicle auction company Copart (NASDAQ:CPRT) fell 11.4% in the afternoon session after the company reported weak first quarter 2025 result that missed Wall Street's sales and EBITDA estimates, while earnings were in line. Overall this was a weaker quarter.
Shares of government consulting firm Booz Allen Hamilton (NYSE:BAH) fell 15% in the afternoon session after the company reported weak first quarter 2025 result: Revenue and EBITDA both missed. The shortfall came from slow contract signings, with the book-to-bill ratio slumping to 0.71x, showing the firm added less work than it delivered.
Shares of document technology company Xerox (NASDAQ:XRX) fell 15.9% in the afternoon session after the company announced a reduction in its quarterly dividend to $0.025 per share, or $0.10 annually, to improve its balance sheet and ensure sufficient capital is available to finalize its acquisition of Lexmark.
Shares of tax and accounting software provider, Intuit (NASDAQ:INTU) jumped 7.6% in the afternoon session after the company reported an impressive "beat and raise" quarter as it upped its full-year EPS guidance and provided revenue guidance for the next quarter that exceeded Wall Street's estimates, sending a clear signal of improved confidence in its business momentum.
Shares of off-price retail company Ross Stores (NASDAQ:ROST) fell 12.8% in the afternoon session after the company reported an underwhelming first quarter of 2025 results: its revenue and EPS guidance for the next quarter fell short of Wall Street's estimates. Management also withdrew full-year guidance, reflecting the uncertainty around evolving trade policy and inflation, especially given that over half of its merchandise originates from China.
Workday's Q1 results and Q2 guidance fell short of expectations, causing shares to tank. Analysts remain mostly optimistic with Buy ratings and raised price targets.
Webull stock dipped 5.2% to $12.80 Friday despite narrowed Q1 losses and strong revenue growth. The company saw increased sales, user accounts and customer assets, signaling business expansion.
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top S&P500 gainers and losers in today's session.
Curious to know what's happening on the US markets in the middle of the day on Friday? Join us as we explore the top gainers and losers in today's session.
CHMP has recommended that the European Commission approve the therapy for treating adult patients over the age of 26 with relapsed or refractory B-cell precursor acute Lymphoblastic Leukemia.
Intuit stock is trading higher on Friday after the company reported better-than-expected third-quarter financial results on Thursday after the market closed.
Trump's threats spark fear of trade war, causing stock market shockwaves. Tech ETFs with high exposure to Apple may see volatility. Investors seek defensive options.
Leading cryptocurrency Bitcoin (CRYPTO: BTC) hit new all-time highs this week, a positive for investors who have been buying and holding crypto for years or newer investors who have bough
At the current sales pace, the market reflected 8.1 months of supply in April, down from 9.1 months in March, but still higher than the 7.7-month supply level recorded a year earlier.
President Donald Trump's threat of a 50% tariff on European Union goods, set to take effect June 1, has halted the recent rally in Bitcoin (CRYPTO: BTC
