Today's Morning Movers and Top Ratings: ARM, ABNB, PLNT, EMR and More
Morning Movers
Gapping up
$Bumble (BMBL.US)$ stock surged 12% after the dating app company reported first-quarter revenue that topped estimates, fueled by an uptick in its subscriber base.
$YETI Holdings (YETI.US)$ Holdings stock jumped by 12% after the outdoor products manufacturer exceeded first-quarter earnings projections and upgraded its outlook, showing strong performance in cooler sales and international markets.
$Warby Parker (WRBY.US)$ stock climbed 9.3% as the eyewear company raised its full-year outlook, which helped counterbalance an unexpected quarterly loss.
$Robinhood (HOOD.US)$ stock increased by 5.3% following the trading platform's report of first-quarter earnings and revenue that exceeded forecasts, driven by robust cryptocurrency trading activity and higher net interest revenue due to increased borrowing costs.
Gapping down
$Arm Holdings (ARM.US)$ ADRs plunged 7.5% as the semiconductor company provided annual revenue guidance that did not meet expectations.
$Boeing (BA.US)$ stock declined by 0.4% following an incident where a 767 cargo plane had to execute an emergency landing in Istanbul without its front landing gear, adding to the company's safety concerns.
$Airbnb (ABNB.US)$ stock dropped 9.3% after the vacation rental firm predicted second-quarter revenue below analyst projections, notwithstanding robust demand outside North America.
$Warner Bros Discovery (WBD.US)$ stock decreased by 4% after the media conglomerate reported first-quarter revenue that fell short of analyst expectations, affected by a sluggish advertising market and production delays due to strikes.
$Planet Fitness (PLNT.US)$ stock tumbled 7.5% after the fitness center chain revised its full-year outlook downwards, citing increased consumer caution.
$Papa John's (PZZA.US)$ 's stock dipped 0.4% as the pizza company reported a decline in first-quarter earnings, with sales unable to match the previous year's high from the busy final week of December.
Source: CNBC; Investing.com
US Top Rating Updates on 05/09
Source: Dow Jones
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