Darden Restaurants, the parent company of Olive Garden and LongHorn, saw its shares drop 6.6% after reporting fiscal first-quarter earnings of $2.05 per share, which met expectations, but revenue of $3.20 billion fell short of the $3.21 billion forecast by analysts. Despite this, Darden reaffirmed its full-year guidance, which may provide some reassurance to investors.
MGM Resorts International's stock tumbled over 9% after Barry Diller's People withdrew its acquisition proposal, citing a lack of synergy, although Diller remains a significant shareholder with 66.8 million shares.
BlackBerry's shares rose 2% following a positive earnings report, with adjusted earnings of 7 cents per share exceeding the expected 4 cents, and revenue of $163.3 million surpassing the $142.5 million consensus. Meta's stock dipped 2% after a strong week of gains, as investors reacted to the introduction of new VR products by CEO Mark Zuckerberg.
Knife River's stock increased by 5% after news that activist investor Starboard Value acquired a substantial stake, pushing for margin improvements or a potential sale. Everpure's shares climbed 6.7% on positive feedback from its financial analyst meeting and promising preliminary revenue guidance for 2028, projecting $7 billion to $7.3 billion, exceeding analyst expectations.
Conversely, shares of gold mining companies fell in line with declining gold futures, with Kinross Gold down nearly 4% and Newmont and Iamgold slipping about 1%