AeroVironment jumps more than 5% as Cooper, American Eagle plunge

  • AeroVironment jumped after reporting first-quarter results above analysts' estimates.
  • AeroVironment posted 59 cents adjusted EPS on $480 million revenue.
  • Enbridge announced a $2.55 billion acquisition of Tallgrass Energy's crude transportation business.

AeroVironment shares jumped more than 5% after first-quarter results exceeded estimates, with adjusted earnings of 59 cents per share and revenue of $480 million. Macy's reported a second-quarter revenue beat and raised full-year guidance for net sales, comparable sales and earnings per share, though its shares slipped 1.6%. Meta Platforms rose 1.4% after a JPMorgan upgrade, while Apple gained 1% after unveiling a foldable iPhone and other products. Novartis advanced nearly 2% after Reuters reported that a major shareholder sought changes to its board. Copper miners fell with copper prices, including declines of nearly 7% for Freeport-McMoRan and more than 6% for Southern Copper. American Eagle Outfitters, Navan and Cooper Companies fell more than 15%, 15.4% and roughly 17%, respectively, while Enbridge declined nearly 3% after announcing its Tallgrass Energy acquisition.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
AeroVironment jumps more than 5% as Cooper, American Eagle plunge - CoinPost Terminal