On this episode of Stock Movers:
- American Tower (AMT) shares are up after the wireless communications real estate investment trust reported first-quarter results that beat expectations and gave an outlook that is seen as positive.
- Honeywell International (HON) shares gain as the company raised its full-year guidance for earnings per share, saying it will offset about $500 million in tariff exposure with price changes and other actions to protect its bottom line.
- Pfizer (PFE) shares are up after CEO Albert Bourla said during an earnings call that he is “cautiously optimistic” that the pharmaceutical industry will avoid tariffs following discussions with the White House.
- Starbucks (SBUX) shares slipped in extended trading after the company reported quarterly sales fell slightly faster than expected, highlighting how hard the coffee chain will have to work to regain lost ground. Same-store sales declined 1% in the quarter ended March 30, according to a statement Tuesday, falling short of the average estimate of analysts polled by Bloomberg. Earnings per share also missed expectations.
- Super Micro Computer Inc. (SMCI) tumbled in late trading after giving preliminary results that fell well short of analysts’ estimates, a sign its comeback plan has been slow to gain traction.
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