Under Armour's shares fell 14% after the company reported a loss of 3 cents per share on revenue of $1.17 billion, which was below analysts' expectations of a loss of 2 cents on revenue of $1.68 billion. GameStop's stock dropped over 4% following eBay's rejection of a $56 billion takeover bid due to concerns about financing.
Despite beating earnings expectations, On Holding's shares fell 5%, although the company maintained its full-year sales growth outlook and raised its earnings guidance. Wendy's shares surged more than 23% after reports that Nelson Peltz's Trian Fund Management is seeking funds for a potential bid to take the company private.
ZoomInfo Technologies saw its shares plummet over 33% after it lowered its full-year revenue guidance to between $1.185 billion and $1.205 billion, down from a previous forecast of $1.247 billion to $1.267 billion. Plug Power's shares rose over 7% after reporting a narrower-than-expected loss of 8 cents per share and revenue of $163.5 million, which exceeded estimates.
Hims & Hers Health's shares fell 14% after issuing disappointing earnings guidance. AST SpaceMobile's shares dropped 12% after reporting a larger-than-expected loss while reaffirming its revenue guidance of $150 million to $200 million. GitLab's shares fell 11% following a restructuring plan announced by CEO Bill Staples, which includes workforce reductions and a shift towards agentic AI.
Webtoon Entertainment's shares dropped 10% after guiding for second-quarter revenue below analyst expectations. Cleanspark's shares slid 9% after reporting wider-than-expected losses and missing revenue estimates. Mara Holdings' shares fell 4% after reporting a first-quarter loss greater than anticipated and weaker revenue than expected