Super Micro Computer's stock surged over 7.5% after the company provided positive guidance for first quarter earnings and revenue, expecting adjusted earnings between $1.01 and $1.10 per share, well above the LSEG consensus estimate of 76 cents. Revenue guidance also exceeded expectations, projected at $14.5 billion to $15.5 billion compared to the anticipated $11.68 billion.
CoreWeave saw its shares rise more than 18.5% following a strong second quarter report, with adjusted operating income margins of 5% surpassing the FactSet estimate of 2.7%, and revenue of $2.58 billion, up 112% year-over-year, also beating expectations.
Lumentum Holdings' shares increased over 8% after reporting fourth quarter results that exceeded forecasts, contributing to a year-to-date gain of over 120%. Nebius Group's stock jumped more than 12.5% on better-than-expected EBITDA and revenue figures. Coherent's shares rose more than 5.5%, likely influenced by Lumentum's strong performance ahead of its own earnings report.
H & R Block's stock surged 11% after issuing a positive forecast for fiscal year 2027, with adjusted earnings projected between $6.04 and $6.24 per share, surpassing the consensus estimate. In contrast, Kontoor Brands fell nearly 3% due to weaker-than-expected revenue despite slightly beating earnings expectations.
Cava Group's shares increased almost 12% after reporting second quarter earnings and revenue that exceeded estimates. Meanwhile, software stocks like Workday and Salesforce saw declines of over 1.5%, indicating a mixed sentiment in the tech sector