Stock Movers Closing Bell: Palantir Rises, Advance Auto, Urban Outfitters Both Soar on Results
May 22, 2025
Palantir shares soar after securing a boost to an existing defense contract with the U.S. government. Advance Auto Parts sees a remarkable 44% jump in stock price due to better-than-expected sales performance. Urban Outfitters also makes headlines with over a 20% increase in shares following strong net sales in its first quarter. Tune in for analysis of these market movers and insights on broader consumer spending trends!
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Intuit's Strong Tax Season Performance
- Intuit's Q3 adjusted EPS of $1.65 strongly beat estimates, highlighting strong tax season sales.
- The company raised full-year revenue and operating income guidance, signaling confidence in its tax software demand.
Mixed Market Reaction to Workday's Results
- Workday reported Q1 adjusted EPS beat but shares dropped 2.6% in after-hours trading.
- The company maintained subscription revenue guidance but the market reacted negatively despite slight margin improvement.
Defense Contracts Boost Tech and Retail Stocks
- Palantir's contract ceiling with the US Defense Department was raised by $795 million, benefiting the AI firm.
- Advance Auto Parts and Urban Outfitters both outperformed with strong sales results, driving significant stock gains.