Earnings Movers: Porch Group Soars 44%; Disney up 10%; TripAdvisor up 9%; Teva Pharma up 7%; Upstart down 13%; Marvell down 10%; Uber Sinks 4%

Tiger Newspress
05-07

Beyond high-profile names like AMD and Super Micro, several other companies also saw notable stock moves following their earnings reports.

Disney reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. The shares jumped 10% after the report.

More: Disney Reports Surprise Uptick In Streaming Subscribers, Beats On Top And Bottom Lines

Uber Technologies Inc. stock fell over 4% after reporting weaker-than-expected quarterly gross bookings and slower gains in its rideshare business, raising the possibility of a consumer pullback amid souring sentiment about the economy.

More: Uber Posts Quarterly Bookings Miss as Rideshare Growth Slows

Novo Nordisk shares gained on expectations that competition for its blockbuster obesity shot Wegovy will subside later this year.

The stock rose as much as 3.7% as investors looked past a trimmed financial forecast from the Danish drugmaker.

More: Novo Nordisk Gains as CFO Touts Wegovy's Rebound Potential

Porch Group stock rose 44% after reporting first quarter EPS of $0.080, $0.18 better than the analyst estimate of $-0.100. Revenue for the quarter came in at $104.7M versus the consensus estimate of $79.39M.

More: Porch Group Exceeds Q1 2025 Expectations, Raises Guidance

Teva Pharmaceutical stock rose 7.2% after reporting a slightly larger than expected rise in first-quarter profit, helped by strong sales gains in a trio of its branded drugs to treat migraines, Huntington's disease and schizophrenia.

More: Teva Pharm first-quarter profit rise tops estimates

TripAdvisor stock jumped over 9% as first-quarter loss narrowed on higher revenue. The online travel operator posted a quarterly loss of $11 million, or 8 cents a share, compared with a loss of $59 million, or 43 cents a share, a year earlier. Analysts polled by Factset had expected a loss of 17 cents a share.

More: TripAdvisor 1Q Loss Narrows as Revenue Ticks Up

Shares of Upstart Holdings Inc. tumbled 13% after the artificial-intelligence lending platform forecast a second-quarter loss and sales that missed Wall Street’s expectations.

Upstart made that forecast as analysts zero in on the company’s bottom line, and efforts to improve it, amid questions about demand for loans against a backdrop of high interest rates.

More: Upstart Tumbles on Second-Quarter Outlook, Even as Its Full-Year Forecast Gets More Upbeat

Marvell Technology Inc. shares fell 10% after the chipmaker cut the high end of its revenue forecast and postponed an investor day event, citing the “uncertain” economy.

More: Marvell Sinks After Delaying Investor Day Due to Shaky Economy


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