On this episode of Stock Movers:
- Applied Digital (APLD) shares rise after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
- Levi (LEVI) shares fall after the company raised its full-year outlook, but warned that tariffs are starting to bite. The company said that gross margin was bolstered by higher prices and a larger volume of sales through more profitable channels. Levi continues to expect tariffs of 30% in China, but increased its expectation to 20% for the rest of the world, up from the 10% it projected a quarter earlier.
- Mosaic (MOS) shares drop after the fertilizer company said that third-quarter phosphate production fell below what management expected, citing mechanical issues at one plant and utility interruptions at another. Preliminary sales volumes for phosphates fell short of what analysts expected.
See omnystudio.com/listener for privacy information.
