Stock Movers Disney's Profit Forecast; Uber's Miss; Super Micro Computer Plunges
May 7, 2025
Disney's shares soared after a strong profit forecast, driven by successful theme parks and streaming. In contrast, Uber faced a downturn, missing gross booking estimates amid a rideshare slowdown, though its earnings exceeded expectations. Super Micro Computer struggled after cutting its sales guidance, while Marvell Technologies also felt the heat from a narrowed forecast, reflecting broader tech industry challenges. The rollercoaster of earnings continues to shape the market dynamics.
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Disney's Strong Profit Outlook
- Disney raised its full-year profit outlook driven by faster growth in its parks and streaming services.
- Earnings per share beat analyst estimates, causing stock to rise 6% pre-market.
Uber's Mixed Earnings Picture
- Uber missed quarterly gross bookings estimates mostly due to slower rideshare business.
- Despite the miss, Uber's income and earnings exceeded analyst expectations, with a positive forecast ahead.
Super Micro's Weak Sales Outlook
- Super Micro Computer cut its sales forecast citing inventory buildup and delayed customer purchases.
- This added to last week's 11% premarket plunge, pushing shares down over 5% today.