Shares fell over 3% after the cloud storage company announced a revenue forecast that did not meet expectations. Box is projecting first-quarter revenue between $274 million and $275 million, which is below analysts’ estimate of $279.5 million. However, its fourth-quarter revenue of $280 million slightly surpassed Wall Street’s consensus of $279 million.
AeroVironment
Shares dropped 5% after the defense contractor provided a full-year guidance that was weaker than anticipated. AeroVironment expects adjusted earnings to be between $2.92 and $3.13 per share, with revenue ranging from $780 million to $795 million, falling short of analysts’ expectations of $3.45 per share and $821 million in revenue. Additionally, third-quarter earnings and revenue did not meet forecasts.
Kenvue
Shares fell about 1% after Kenvue settled its proxy battle with activist investor Starboard Value, bringing three new directors onto its board. Starboard, which holds a significant stake in Kenvue, had previously expressed concerns regarding the company’s stock performance and leadership.
CrowdStrike
Shares dropped 7% after the cybersecurity firm issued revenue and operating income guidance for the first quarter that was lower than expected. Nevertheless, CrowdStrike’s full-year revenue forecast of $4.74 billion to $4.81 billion is in line with analysts’ consensus of $4.77 billion, according to FactSet.
Abercrombie & Fitch
The apparel retailer’s stock plummeted more than 11% after it provided a sales outlook that was weaker than expected, citing slow apparel demand in February. The company, which owns Hollister and Gilly Hicks, anticipates sales growth of 3% to 5% for 2025, which is below analysts’ consensus estimate of 6.8%. For the first quarter, Abercrombie expects earnings to be between $1.25 and $1.45 per share, which is below the $1.97 analyst estimate.
Automakers
Shares of General Motors, Ford, and Stellantis increased following reports that the Trump administration may postpone auto tariffs by one month. General Motors and Ford saw their shares rise by 5% and 4%, respectively, while Stellantis jumped nearly 8%.
Dollar Tree
Shares rose nearly 2% following the announcement of Stewart Glendinning as the new chief financial officer, starting March 30.
Novo Nordisk
In an undated stock photo, Stocks making the biggest moves midday: General Motors, Novo Nordisk, Kenvue, CrowdStrike and more
Shares increased by 4% after Novo Nordisk announced plans to sell its weight-loss drug Wegovy at less than half its regular price through a new online pharmacy aimed at consumers.
Moderna
Shares climbed 7% after CEO Stephane Bancel revealed he bought around 160,000 shares, valued at $5 million, on March 3.
Campbell’s
Shares dropped 3% after the canned food company revised its full-year guidance downward, falling short of analyst expectations. The second-quarter revenue also did not meet estimates, with the company pointing to weaker results in its snack division.
Foot Locker
Shares jumped over 5% after the shoe retailer reported better-than-expected earnings and growth in same-store sales for the fourth quarter.
Huntington Ingalls
Shares of the naval warship manufacturer surged 10% after President Trump, during his address to Congress, promised to boost military shipbuilding and create a White House office focused on expansion, which would include special tax incentives.
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