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S&P 500 Gains & Losses Today: Palantir Stock Plunges Despite Earnings Beat; Yum! Brands Climbs
Investopedia· 2025-11-04 21:45
Core Insights - Palantir Technologies reported strong third-quarter earnings, exceeding sales and profit forecasts, yet its shares fell by 8% due to valuation concerns and bearish positions from notable investors [3][7] - Yum! Brands experienced a positive quarter driven by Taco Bell's strong performance, leading to a 7.3% increase in its shares, while also considering strategic options for its underperforming Pizza Hut chain [10][7] - Norwegian Cruise Line Holdings saw a significant drop of 15% in its shares after mixed third-quarter results, with revenue falling short of expectations due to external factors affecting demand [4] - Uber Technologies reported lower-than-expected operating profit, resulting in a 5% decline in its shares, despite revenue exceeding expectations [5] Company Performance - Palantir Technologies: Strong demand led to better-than-expected sales and profits, but stock valuation concerns caused an 8% drop in shares [3][7] - Yum! Brands: Strong quarterly results, particularly from Taco Bell, resulted in a 7.3% increase in shares, with plans to evaluate Pizza Hut's future [10][7] - Norwegian Cruise Line Holdings: Reported mixed results with adjusted profit exceeding forecasts but revenue falling short, leading to a 15% decline in shares [4] - Uber Technologies: Despite revenue growth, lower-than-expected operating profit led to a 5% drop in shares [5] Market Reaction - Major U.S. equity indexes experienced declines, with the S&P 500 falling 1.2% and the Nasdaq down 2%, influenced by the overall market reaction to earnings reports [3] - The technology sector was the weakest performer, contributing to the declines in major indexes [3]
Golden Entertainment (GDEN) Q2 Earnings Beat Estimates
ZACKS· 2025-08-07 23:46
Core Viewpoint - Golden Entertainment reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, marking an earnings surprise of +21.43% [1][2] Financial Performance - The company posted revenues of $163.62 million for the quarter ended June 2025, which was 1.49% below the Zacks Consensus Estimate and a decrease from $167.33 million year-over-year [2] - Over the last four quarters, Golden Entertainment has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Performance - Golden Entertainment shares have declined approximately 14.9% since the beginning of the year, contrasting with the S&P 500's gain of 7.9% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.03 on revenues of $160.9 million, and for the current fiscal year, it is $0.45 on revenues of $654.06 million [7] - The trend of estimate revisions for Golden Entertainment was unfavorable prior to the earnings release, which may impact future stock movements [6][5] Industry Context - The Gaming industry, to which Golden Entertainment belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [8]