Market movers: Adobe, Intel, UiPath, Standard Uranium...
Published: 15:30 13 Mar 2025 EDT
Intel Corp (NASDAQ:INTC, ETR:INL) has appointed industry veteran Lip-Bu Tan as its new CEO, a move analysts at Bank of America believe could significantly improve the company's turnaround potential.
Analysts upgraded Intel's stock rating from 'Underperform' to 'Neutral,' raising their price target to $25 from $19.
UiPath Inc (NYSE:PATH) has been downgraded by Bank of America analysts who see few catalysts ahead for the software robots company following the release of its fourth quarter fiscal 2025 earnings report this week.
UiPath’s report was mixed with revenue of $423.65 million short of the $425.34 million expected as earnings per share of $0.26 beat estimates of $0.19.
Drugmakers Mallinckrodt Pharmaceuticals and Endo Inc announced they have entered into a merger agreement to create a larger, diversified pharmaceuticals company valued at about $6.7 billion.
Both Mallinckrodt and Endo have faced significant financial challenges in recent years driven by opioid-related lawsuits, leading to multiple bankruptcy filings.
Dollar General Corp (NYSE:DG) shares gained over 5% Thursday as the discount retail posted a narrow revenue beat for the fourth quarter despite earnings falling short of expectations.
Revenue of $10.18 billion, up 4.5% year-over-year, was ahead of estimates of $10.14 billion.
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) said it has found four new drill targets thanks to recent geophysical surveys conducted across its Eastern Athabasca Basin uranium projects.
The company said it has completed high-resolution ground gravity surveys on the Atlantic and Rocas projects, as well as an airborne time domain electromagnetic (TDEM) survey on the Corvo project.
American Eagle Outfitters Inc. (NYSE:AEO) shares moved lower as it issued weak guidance for the first quarter of 2025, citing slower demand amid macroeconomic uncertainty and colder weather.
The clothing retailer expects a mid-single digit decline in sales for Q1, compared to analyst estimates of a 1.3% increase.
Adobe Inc (NASDAQ:ADBE) shares fell about 6.7% on Thursday morning after investors reacted negatively to the company's latest earnings report and AI-related disclosures.
The software company had already declined 4% in after-hours trading on Wednesday, as its updated presentation on artificial intelligence (AI) revenue and growth failed to generate enthusiasm.
Thruvision Group PLC (AIM:THRU, OTC:DIGTF) shares rallied as the firm released an ad hoc trading update, after recent weakness in the market price.
Whilst saying it was not aware of any specific reason for the recent price action, the company reported that it had received several orders from customers in the US, Indonesia, and Europe, with additional orders expected before the end of March.
