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.

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