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Crocs Rises, AppLovin Surges, Arm Drops After Disappointing Sales Forecast | Stock Movers
Posted
May 8, 2025
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May 8, 2025
66
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3:34Now PlayingOn this episode of Stock Movers:
- Crocs shares rose after First quarter adjusted EPS beat estimates $3 versus $2 49 cent estimate Adjusted net income also beat estimates -- $169.7 million vs $142.9 million, but that's down more than 7% from a year earlier.The company withdrew its full year outlook for this year and said it won't provide full-year guidance at this time due to "macroeconomic uncertainties stemming from global trade policies"
- AppLovin shares rise after the AI-powered ad platform reported results after the close yesterday; both first quarter EPS and net income beat estimates.It gave an outlook for 2Q, and projected ad revenue beating forecasts too.The company agreed to sell its video games unit to London-based Tripledot Studios to focus on its advertising technology business.
- ARM shares drop after first quarter sales forecast for $1 billion to $1.1 billion disappointed analysts. CEO Rene Haas blamed it on the timing of new agreements with customers and he said the outlook is conservative "to make sure we don't overreach."
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Crocs Rises, AppLovin Surges, Arm Drops After Disappointing Sales Forecast
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