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Stock Movers: Super Micro Computer Down, Snap, Starbucks, Norwegian Cruise Fall on Forecast
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April 30, 2025
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4:23Now PlayingSuper Micro Computer (SMCI) is down after earnings missed estimates. JPMorgan does not think that the magnitude of the revenue miss is representative of any industry-wide demand slowdown.
Snap (SNAP) fell even after beating estimates for first-quarter revenue. The drop comes after the company declined to issue a sales forecast for the current period due to macroeconomic "headwinds" affecting its advertising business.
Starbucks (SBUX) is down after reports that the coffee company's same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates.
Norwegian Cruise Line (NCLH) fell after the cruise line broke with its cruise peers by warning that cruise demand, which has long defied worrying travel trends, is beginning to weaken.
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