24H | Broadcom Up 12%; Gap Up 19%; BigBear.ai Down 12%; Serve Robotics Down 14%; HPE Down 19%; Intuitive Machines Down 29%

Tiger Newspress
03-07

Broadcom’s stock rose 12% in overnight trading. Sales will be about $14.9 billion in the three-month period ending May 4, Broadcom said in a statement Thursday. Analysts had estimated $14.6 billion on average, though some projections surpassed $15.1 billion.

Gap Inc. shares surged 19% in overnight trading session following the company's impressive fourth-quarter earnings results and upbeat outlook for fiscal 2025.

The apparel retailer reported adjusted earnings per share of $0.54 for Q4, comfortably beating analysts' consensus estimate of $0.38. Quarterly net sales came in at $4.15 billion, down 3.5% year-over-year but exceeding Wall Street's expectations of $4.07 billion.

Crypto shares fell in overnight trading as White House crypto czar David Sacks said that taxpayer money would not be spent to acquire cryptocurrencies for either.

MARA fell 3%; Strategy, CleanSpark fell over 2%.

Serve Robotics, an artificial-intelligence-trained autonomous-robot company, reported weaker-than-expected sales for its latest quarter. Shares dived 14% in overnight trading. Serve announced fourth-quarter sales of $176,000. Wall Street was looking for closer to $250,000.

Shares of Intuitive Machines dropped 29% to $8 in overnight trading on Thursday, after falling 20% in regular trading.

Shares initially fell after there were difficulties landing the company's Athena spaceship near the moon's south pole. The craft touched down around noon Eastern time, but NASA's broadcast of the landing finished without clear information about the status of the craft -- whether it was upright and if all systems were operating as intended.

BigBear.ai Holdings shares were down 12% overnight trading at $3.68 after falling 12.5% in regular trading Thursday.

BigBear.ai reported quarterly losses of 43 cents per share, which missed the analyst consensus estimate for losses of five cents. Quarterly revenue came in at $43.8 million, which missed the analyst consensus estimate of $54.48 million and is an increase over sales of $40.56 million from the same period last year.

Hewlett Packard Enterprise stock fell 19% in overnight trading after forecasting quarterly revenue growth below estimates, and said the U.S.' tariff war had created uncertainty that affected its server business.

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