Broadcom's shares dropped 5% after reporting fiscal second-quarter revenue of $22.19 billion, which fell short of the $22.27 billion expected by analysts. This marked the company's first revenue miss since December 2024, with its infrastructure revenue also disappointing at $7.18 billion compared to the $7.32 billion estimate.
Five Below's stock tumbled nearly 9% despite a positive outlook, forecasting second-quarter revenue between $1.18 billion and $1.2 billion, exceeding the $1.15 billion estimate, and same-store sales growth of 7% to 9%, above the 4.4% consensus.
Petco's shares fell over 4% after its current-quarter forecast indicated revenue growth of only 0.3% and adjusted EBITDA of $110 million to $112 million, both below Wall Street's expectations.
CrowdStrike's stock declined 9% due to lackluster second-quarter guidance, projecting revenue of around $1.44 billion, slightly above the $1.3 billion estimate, and earnings per share of $1.16 to $1.17, in line with expectations. Shares of Palo Alto Networks and Fortinet also fell in sympathy.
PVH, the parent company of Tommy Hilfiger and Calvin Klein, saw its shares tumble more than 20% after reiterating its full-year earnings guidance, despite a Q1 earnings beat and revenue that met expectations.
In contrast, C3.ai's stock rose over 4% after reporting a fourth-quarter adjusted loss of 33 cents per share on revenue of $52 million, both better than analysts' expectations of a 37-cent loss and $50 million in revenue