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Shares of Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) rose sharply in today's pre-market following better-than-expected <a href="https://in.benzinga.com/markets/equities/25/05/45559366/urban-outfitters-navigates-tariff-headwinds-with-diversification-strategies-no-country-accounts-for-more-than-25-of-production">first-quarter financial results.</a>
Urban Outfitters reported quarterly earnings of $1.16 per share, which beat the analyst consensus estimate of 82 cents. Quarterly revenue clocked in at $1.33 billion, which beat the Street estimate of $1.28 billion.
Urban Outfitters shares jumped 18% to $70.32 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) rose 172.2% to $5.20 in pre-market trading after NVIDIA selected the company to collaborate on 800 V HVDC architecture.</li>
<li>Longevity Health Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAGE#NASDAQ">XAGE</a>) surged 60.1% to $4.87 in pre-market trading after the company announced it will retain its Nasdaq listing to complete its merger with 20/20 Biolabs.</li>
<li>AtlasClear Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#NYSE">ATCH</a>) jumped 23.2% to $0.2487 in pre-market trading after falling 11% on Wednesday.</li>
<li>Bit Origin Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) gained 20.9% to $0.1920 in pre-market trading after declining 9% on Wednesday.</li>
<li>Nine Energy Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NINE#NYSE">NINE</a>) surged 19.7% to $0.6057 in pre-market trading after falling 10% on Wednesday.</li>
<li>Kindly MD, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>) gained 16.9% to $26.69 in pre-market trading. Nakamoto Holdings, Kindly MD, and Anchorage Digital disclosed a strategic partnership to advance the future of corporate Bitcoin adoption.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) climbed 14.6% to $4.37 in pre-market trading after the company announced the sale of its consumer fiber-to-the-home business to AT&amp;T for $5.75 billion in cash.</li>
<li>Pitney Bowes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) gained 11.4% to $10.14 in pre-market trading after the company reported better-than-expected first-quarter adjusted EPS results.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) rose 10.3% to $197.52 in pre-market trading after the company posted better-than-expected earnings and sales results for the first quarter. The company also said it expects second-quarter product revenue in the range of $1.035 billion to $1.04 billion, up approximately 25% year-over-year. The company anticipates full-year product revenue of $4.33 billion, representing 25% year-over-year growth.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>CEL-SCI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVM#NYSE">CVM</a>) shares fell 43.7% to $2.54 in pre-market trading after the company reported the pricing of public offering.</li>
<li>Catheter Precision, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTAK#NYSE">VTAK</a>) fell 18.8% to $0.2450 in pre-market trading. Catheter Precision filed for resale of up to 12.9 million shares of common stock by the selling stockholders.</li>
<li>Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) fell 16.1% to $0.89 in today's pre-market trading after announcing a 1-for-7 reverse stock split.</li>
<li>Lottery.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) shares dipped 15.2% to $1.51 in pre-market trading. Lottery.com shares jumped 135% on Wednesday after the company reported a year-over-year increase in first-quarter EPS results.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) shares tumbled 15.1% to $9.05 in pre-market trading after declining around 8% on Wednesday.</li>
<li>Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) fell 13.7% to $0.0259 in pre-market trading. Digital Ally shares fell around 17% on Wednesday after the company reported a year-over-year decrease in first-quarter sales results.</li>
<li>Vast Renewables Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) dipped 13.6% to $0.1450 in pre-market trading after tumbling 10% on Wednesday.</li>
<li>Upexi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPXI#NASDAQ">UPXI</a>) declined 9.5% to $11.56 in pre-market trading after gaining over 29% on Wednesday.</li>
<li>Manchester United plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) shares fell 6.9% to $13.54 in pre-market trading.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) fell 5.2% to $18.81 in pre-market trading. GLJ Research analyst Gordon Johnson, on Wednesday, maintained SolarEdge with a Sell and raised the price target from $3.9 to $6.9.</li>
</ul>
Now Read This:
<ul class="wp-block-list">
<li> <a href="https://www.benzinga.com/25/05/45540545/jim-cramer-recommends-not-buying-mosaic-doesnt-like-this-industrial-stock">Jim Cramer Recommends Not Buying Mosaic, Doesn&#8217;t Like This Industrial Stock</a> </li>
</ul>
Photo via Shutterstock

ATCH

BTOG

DGLY

KDLY

LTRY

LUMN

MANU

NINE

NVTS

SEDG

SNOW

UPXI

URBN

VSTE

VTAK

WHLR

Longevity Health Holdings, Inc. - Common Stock

XAGE

Why Urban Outfitters Shares Are Trading Higher By 18%; Here Are 20 Stocks Moving Premarket

Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) CEO Marc Benioff credits a pivotal 2010 conversation with Apple Inc. co-founder Steve Jobs for shaping the focused product strategy that helped build his company&#8217;s $270.8 billion market capitalization.
What Happened: Speaking at the 2024 All-In Summit with President Donald Trump&#8216;s White House AI &amp; Crypto Czar David Sacks, Benioff recalled how Jobs summoned him to discuss Apple&#8217;s product philosophy during the iPad&#8217;s development phase.
&#8220;After I started Salesforce, he gave me really key advice,&#8221; Benioff said. &#8220;It was 2010 and he calls me, &#8216;Come down here, I need to talk to you.'&#8221;
During the meeting, Jobs demonstrated two iPad prototypes before explaining his &#8220;one A Team&#8221; philosophy. &#8220;We only have one A Team here. One A Team. So we&#8217;re only focused on one thing at a time,&#8221; Jobs told Benioff, according to the Salesforce CEO&#8217;s account.
Jobs then placed five or six products on his coffee table, telling Benioff: &#8220;We will never have more products than can fit on my coffee table. One focus at a time. Remember that, Marc. That&#8217;s the way you need to run Salesforce.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45535142/jamie-dimon-who-flagged-trouble-before-2008-lehman-brothers-collapse-now-warns-sp-earnings-could-fall-to-0rougher-time-for-markets-says-dan-niles">Jamie Dimon, Who Flagged Trouble Before 2008 Lehman Brothers Collapse, Now Warns S&amp;P Earnings Could Fall To 0%: &#8216;Rougher Time For Markets,&#8217; Says Dan Niles</a>
Why It Matters: This focused approach has proven successful for Salesforce, which generated an estimated $7.9 billion in Sales Cloud subscription revenue for fiscal 2026. BofA Securities analyst Brad Sills maintains a Buy rating with a $350 price target, citing the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45357365/salesforce-sales-cloud-ai-integration-and-cloud-upsells-drive-analyst-confidence-in-long-term-growth">company&#8217;s core growth businesses and AI integration</a> through its Agentforce platform.
Benioff, who worked as an assembly language programmer at Apple in 1984, has applied Jobs&#8217; philosophy while expanding Salesforce beyond its original CRM software into what he calls &#8220;digital labor&#8221; markets. The company&#8217;s Sales Cloud maintains an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45357365/salesforce-sales-cloud-ai-integration-and-cloud-upsells-drive-analyst-confidence-in-long-term-growth">estimated 25% share of the $39 billion Sales CRM industry</a>, according to Gartner forecasts.
Salesforce Ventures, with $6.8 billion under management, recently scored approximately $600 million when Google acquired cybersecurity firm Wiz. The company&#8217;s $1 billion Generative AI Fund has invested in Anthropic and other AI startups, <a href="https://www.benzinga.com/startups/25/05/45436500/salesforce-ceo-marc-benioff-says-funding-thousands-of-startups-is-how-innovation-happens-youre-going-to-throw-a-lot-against-the-wall">reflecting Benioff&#8217;s belief</a> that &#8220;you must fund the chaos to harvest the miracles.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Marc Benioff &#x7C; All-In Summit 2024" width="500" height="281" src="https://www.youtube.com/embed/TtNrCJCwwlc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Image Via Shutterstock 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/25/05/45558772/google-and-character-ai-sued-after-teen-dies-following-interaction-with-game-of-thrones-themed-chatbot-judge-says-free-speech-defense-not-acceptable">Google And Character.AI Sued After Teen Dies Following Interaction With &#8216;Game Of Thrones&#8217;-Themed Chatbot — Judge Says Free Speech Defense Not Acceptable</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

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Success Stories

Markets

Tech

Steve Jobs Once Invited Marc Benioff To His Office With 2 iPads In 2010: The Lesson That Shaped A $270 Billion Salesforce Empire

The Trump administration has made an urgent plea to the Supreme Court to prevent Elon Musk&#8216;s Department of Government Efficiency (DOGE) from disclosing its operational documents&nbsp;to a federal watchdog group.
What Happened: The administration made the appeal on Wednesday, asking the Supreme Court to overturn court orders requiring DOGE to share its operational documents with Citizens for Responsibility and Ethics in Washington (CREW), <a href="https://apnews.com/article/supreme-court-doge-freedom-information-records-trump-14a1773b42ddad1e3367a39750a84bef">reported</a> AP News.
The Justice Department maintains that DOGE, a significant component of President Trump&#8217;s government reform initiatives, is a presidential advisory body and therefore not subject to Freedom of Information Act (FOIA) requests.
In February, CREW initiated a lawsuit claiming that DOGE&nbsp;wields considerable power without any transparency about its activities.&nbsp;In March, U.S. District Judge&nbsp;Christopher Cooper&nbsp;ruled that DOGE&#8217;s role likely goes beyond advisory, noting its role in the closure of USAID and the reduction of billions in government contracts.&nbsp;
Cooper has given the administration a compliance deadline of June 13. Solicitor General D. John Sauer urged the justices to act swiftly, calling Cooper's orders "extraordinarily overbroad and intrusive."
SEE MORE:&nbsp;<a href="https://benzinga.com/markets/25/05/45539686/kevin-oleary-warns-trumps-big-beautiful-bill-could-be-devastating-for-small-businesses-somebodys-got-to-r" target="_blank" rel="noreferrer noopener">Kevin O&#8217;Leary Warns Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Could Be &#8216;Devastating&#8217; For Small Businesses: &#8216;Somebody&#8217;s Got To Raise The Red Flag&#8217;</a>
Why It Matters:&nbsp;This latest development is part of a series of legal battles surrounding DOGE&#8217;s authority and operations. Earlier this month, the Trump administration&nbsp;sought Supreme Court <a href="https://www.benzinga.com/news/25/05/45189902/trump-administration-pushes-supreme-court-to-greenlight-doge-access-to-americans-social-security-data-despite-lower-courts-fishing-expedition-warning">approval&nbsp;</a>for DOGE to access sensitive Social Security data, despite a lower court&#8217;s ruling against this. This move further escalated the ongoing dispute over data privacy and executive authority.
Elon Musk, the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has been at the center of these controversies. Musk&#8217;s DOGE has been&nbsp;<a href="https://www.benzinga.com/25/04/44778750/musks-government-efficiency-push-falls-short-as-treasury-data-shows-spending-up-sharply-under-trumps-second-term-report">aggressively cutting costs</a>, yet federal spending has reportedly increased by $154 billion since Trump&#8217;s second term began. This has raised questions about the effectiveness and impact of DOGE&#8217;s actions.
When CNBC&#8217;s David Faber asked Musk on Tuesday about the <a href="https://www.benzinga.com/media/25/05/45534314/elon-musk-just-got-grilled-on-doge-spending-hits-back-with-were-not-kings-here">concrete results</a> of DOGE&#8217;s cost-cutting measures, pointing out the criticism Musk has received, Musk replied: "We are advisers. We are not—we&#8217;re not kings here." Previously, Musk had accepted that DOGE hadn&#8217;t been <a href="https://www.benzinga.com/markets/25/05/45163408/doge-not-as-effective-as-id-like-says-elon-musk-calls-reform-really-difficult-like-changing-direction-of-a-fleet-of-supertankers">as effective</a> as he&#8217;d like. 
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/25/05/45541866/xi-jinpings-china-wants-trump-to-immediately-drop-the-golden-dome-project-over-strong-offensive-implicati" target="_blank" rel="noreferrer noopener">Xi Jinping&#8217;s China Wants Trump To Immediately Drop The Golden Dome Project Over &#8216;Strong Offensive Implications:&#8217; &#8216;&#8230;Security Of All Countries Should Not Be Compromised&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Trump Admin Urges Supreme Court To Block Watchdog From Accessing Elon Musk's DOGE Records

Macro Economic Events

Econ #s

Economics

U.K. Services Purchasing Managers Index Preliminary For May 50.2 Vs. 50.0 Est.; 49.0 Prior

U.K. Manufacturing Purchasing Managers Index Preliminary For May 45.1 Vs. 46.2 Est.; 45.4 Prior

U.K. Composite Purchasing Managers' Index Preliminary For May 49.4 Vs. 49.3 Est.; 48.5 Prior

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) maintained healthy momentum Thursday morning, following Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) record-breaking rally, which bolstered the entire cryptocurrency market.
What happened: The dog-themed token sailed to an intraday high of $0.2433 late Wednesday night before experiencing a minor pullback. DOGE's trading volume popped 55% to over $3 billion, making it one of the most traded cryptocurrencies in the last 24 hours.
Widely followed cryptocurrency analyst and trader Ali Martinez spotted DOGE's breakout from a bull pennant formation, suggesting a price target of $0.31.
A bullish pennant is a continuation chart pattern, indicating resumption of an uptrend after a pause or consolidation period.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> appears to be breaking out of a bull pennant, which suggests a target of $0.31! <a href="https://t.co/Hbzuwd7Akk">pic.twitter.com/Hbzuwd7Akk</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1925349892714615046?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>
The token's derivatives market exploded, with Open Interest in DOGE futures and options rising 58% to $3 billion in the last 24 hours, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass. More than 71% of all Binance traders with open DOGE positions bet on the meme coin&#8217;s price increase.
Moving averages, both exponential and simple, flashed &#8220;Buy&#8221; signals for DOGE as of this writing,&nbsp;<a href="https://in.tradingview.com/symbols/DOGEUSD/technicals/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to TradingView. The Moving Average Convergence Divergence momentum indicator, which compares two exponential moving averages of price, also painted a bullish outlook.
That said, the Bull Bear Power indicator, which measures the strength of buyers and sellers, was "Neutral" as of this writing.
Price Action:&nbsp; At the time of writing, DOGE was exchanging hands at $0.2422, up 6.96% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the coin has lost nearly 23% of its value.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45557864/jamie-dimon-is-no-fan-of-bitcoin-but-trumps-crypto-czar-made-an-attempt-to-change-the-jpmorgan-ceos-mind-using-this-narrative">Jamie Dimon Is No Fan Of Bitcoin, But Trump&#8217;s Crypto Czar Made An Attempt To Change the JPMorgan CEO&#8217;s Mind Using This Narrative</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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$BTC

$DOGE

Dogecoin Is Surging Early Thursday—Will A Move To $0.31 Come Sooner Than You Think?

Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) and The Philippine Stock Exchange, Inc. (PSE) today announced a significant expansion of their technology partnership, which will see PSE upgrade its trading infrastructure to Nasdaq's most advanced platform, Nasdaq Eqlipse Trading.
Nasdaq Eqlipse represents Nasdaq's investments to modernize, standardize, and strengthen its platform capabilities, application architecture, APIs, and product integration. The modular trading platform allows market operators to incorporate complementary functionality, including pre-trade risk, advanced options pricing, and index calculations, with a flexible deployment model to help reduce operational heavy lifting and provide optionality around cloud adoption.

NDAQ

Nasdaq Expands Tech Deal With Philippine Exchange, Bringing Advanced Trading Platform Overseas

Future Fund LLC's Managing Director, Gary Black, called Baidu Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) autonomous taxi service, Apollo Go, the "world's autonomous ride-hailing leader" as it reached the eleven million paid rides milestone.
What Happened: "$BIDU‘s Apollo Go autonomous ride hailing business has now completed 11 million paid autonomous rides," Black said in a post on social media platform X on Wednesday.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BIDU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BIDU</a> ‘s Apollo Go autonomous ride hailing business has now completed 11 million paid autonomous rides, making it the world's autonomous ride hailing leader. For context <a href="https://twitter.com/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOG</a> ‘s Waymo has now completed 10M paid autonomous rides, while <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> has completed zero. In 1Q, Apollo Go…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1925167125196317082?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Black then set the context and drew parallels with services like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). "In 1Q, Apollo Go expanded its driverless ride-hailing business into Dubai and Abu Dhabi," he said, highlighting the company's growth.
He also shared updates from the company's Q1 earnings release and how Apollo will provide fully autonomous rental services in China. The company also completed 1.4 million rides in Q1 2025.
Why It Matters: The news comes in as Baidu CEO Robin Li touted the <a href="https://www.benzinga.com/markets/equities/25/05/45557944/baidus-apollo-go-enters-dubai-and-abu-dhabi-ceo-robin-li-touts-global-robotaxi-lead-with-1-4-million-rides-in-q1">Apollo Go's robotaxi prowess </a>at the company's earnings call. With the Dubai and Abu Dhabi expansion, the service operates in over 15 cities globally.
"With over 1,000 fully driverless vehicles now deployed globally, we continue to solidify our position as the world's leading autonomous ride-hailing service provider," Li shared at the earnings call.
Elsewhere, Waymo recently announced it reached the ten million paid autonomous rides mark, doubling its total in a period of 5 months. The figure includes rides from cities like Phoenix, Los Angeles, and Austin.
Waymo has had a substantial lead over rivals like Tesla and Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox, as the company had also previously shared it reached <a href="https://www.benzinga.com/25/04/45001569/waymo-announces-250000-weekly-paid-rides-across-four-us-cities-sundar-pichai-says-personal-ownership-an-option-in-the-future">250,000 weekly rides</a>.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="201" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-1024x201.jpg" alt="" class="wp-image-923974" style="width:919px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-1024x201.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-768x151.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-1536x302.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025.jpg 1657w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
BIDU scores well on Value and Growth metrics, has a satisfactory Momentum rating, but scores poorly on the Quality metric. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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</ul>
Photo courtesy: Robert Way / Shutterstock.com

AMZN

BIDU

GOOG

GOOGL

Gary Black Calls Tesla Rival Baidu's Apollo Go 'Autonomous Ride Hailing Leader' Following Eleven Million Paid Robotaxi Rides Milestone

Cadeler today announces that it has agreed to acquire the Boqiang 3060 – a newly-constructed jack-up wind turbine installation vessel (WTIV) – from Shanghai Boqiang Heavy Industry Group Co., Ltd, expanding its fleet and enhancing its capacity to meet the increasing global demand for offshore wind turbine operations &amp; maintenance (O&amp;M) services.
The vessel will be renamed Wind Keeper, a name symbolising both the vessel's position as a rare and valuable find – a true "keeper" – and her focus on ensuring the up-keep of green energy generation through the provision of O&amp;M services to the offshore wind industry.
Completed in 2024 and fitted with advanced European equipment, including a Huisman main crane with a 2,200 t lifting capacity, Kongsberg's DP2 dynamic positioning system, MAN-supplied engines and a Siemens propulsion system, the vessel is uniquely suited for the global offshore O&amp;M market, with 120-meter-long jack-up legs that will enable her to work on the most challenging offshore sites.
Cadeler expects to take delivery of the Wind Keeper in Q3 2025, for a purchase price significantly below the vessel's estimated replacement cost. While the vessel comes equipped to a high standard, Cadeler will invest in certain upgrades to improve her operational capacity and align her onboard offering with that of Cadeler's existing fleet. After the contemplated upgrades, the vessel will be capable of supporting new installations in the 15 MW segment. Cadeler is continuing to assess the cost to Cadeler of such upgrades and will communicate its total investment in the vessel in due course.
The acquisition is fully debt financed on attractive terms, with a facility provided by DNB Bank ASA.
Following a comprehensive review of available offshore assets globally, Cadeler is pleased to have secured this unique asset, which will be capable of delivering an immediate operational impact on a cost-effective basis.

CDLR

Cadeler Buys High-Tech Wind Vessel 'Wind Keeper' to Boost Offshore Green Energy Ops

BingEx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLX#NASDAQ">FLX</a>) reported quarterly earnings of $0.04 per share. The company reported $132.40 million in sales this quarter.

Earnings

BingEx Q1 Adj. EPS $0.04, Sales $132.40M

Aurora Mobile Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) ("Aurora Mobile" or the "Company"), a leading provider of customer engagement and marketing technology services in China, today announced that the cumulative contract value of its overseas businesses exceeded RMB100 million, as of March 31, 2025. During the first quarter of 2025, the Company signed new contracts&nbsp;with total value over RMB50 million. Revenue from these new contracts will be recognized in the Company's financial statements according to their respective terms and conditions&nbsp;and service periods.
In 2022, Aurora Mobile launched EngageLab, a forward-looking product designed for overseas markets.&nbsp;With its precise strategy and use-case driven technical services, EngageLab quickly gained a competitive edge and market recognition. With customers from 37 countries and regions worldwide, EngageLab's strong performance has become the primary driver of the Company's overseas revenue growth and established a solid foundation for the Company's future development.

Aurora Mobile Hits RMB100M in Global Contracts as Overseas Push Gains Steam

Computer Modelling Group (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CMG#TSX">CMG</a>) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.10 by 40 percent. This is a 33.33 percent decrease over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $33.68 million which missed the analyst consensus estimate of $36.08 million by 6.64 percent. This is a 4.31 percent increase over sales of $32.29 million the same period last year.

TSX:CMG

Computer Modelling Group Q4 EPS $0.06 Misses $0.10 Estimate, Sales $33.68M Miss $36.08M Estimate

Urban Outfitters Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) reported better-than-expected first-quarter earnings on Wednesday and highlighted that it was navigating the tariff-induced headwinds with its diversification strategies by sourcing from multiple countries.
What Happened: The company&#8217;s Co-President and COO, Frank Conforti, highlighted during the earnings call that &#8220;Quickly after the announcement of tariffs, our teams started working on how to mitigate the impacts with a primary focus on the customer's experience.&#8221;
He underscored that this happened through vendor negotiations, shifting countries of origin, changing transportation modes, from air to boat, and &#8220;gently and sparingly&#8221; raising prices.
&#8220;We currently have no single country that accounts for more than 25% of our production. India, Vietnam, and Turkey are our three largest countries of origin, while China represents less than 5%,&#8221; he said.
Conforti also reiterated that URBN is confident in achieving 50 to 100 basis points of gross margin improvement for fiscal year 2026 despite tariff uncertainty.
However, company CFO Melanie Marein-Efron said that Urban Outfitters could face &#8220;some fashion risk of bringing product in early&#8221; in the second quarter as the company had some early receipts to bring in inventory ahead of the uncertain tariff outlook.
However, she said that the inventory also arrived &#8220;earlier than planned.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/05/45533521/charlie-munger-once-said-the-first-rule-of-compounding-is-to-never-interrupt-it-unnecessarily-now-hi">Charlie Munger Once Said, ‘The First Rule Of Compounding Is To Never Interrupt It Unnecessarily' — Now His Wisdom Rings True As The S&amp;P 500 Surges 220% Over 10 Years</a>
Why It Matters: Urban Outfitters reported a revenue of $1.33 billion, which beat the Street estimate of $1.28 billion. Also, the earnings of $1.16 per share beat the analyst consensus estimate of 82 cents by 41.46%.
Talking about the second quarter, the CFO also said that &#8220;We believe that it is prudent planning to bring in fall inventory, which is less sensitive to fashion early, given the uncertain tariff outlook and any potential supply chain disruptions that could occur in the future.&#8221;
URBN shares ended 2.84% lower on Wednesday and rose 17.45% in after-hours. The company has advanced 4.86% on a year-to-date basis and 51.19% over a year.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, ended lower on Wednesday. The SPY was down 1.69% to $582.86, while the QQQ dropped 1.39% to $513.04, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Benzinga Edge Stock Rankings shows that URBN had a stronger price trend over the short, medium, and long term. Its value ranking was good at the 78.93th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="144" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040503/URBN-Edge-1024x144.png" alt="" class="wp-image-923941" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040503/URBN-Edge-1024x144.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040503/URBN-Edge-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040503/URBN-Edge-768x108.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040503/URBN-Edge.png 1222w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The futures of the S&amp;P 500, Nasdaq 100, and Dow Jones were trading mixed on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45539236/tesla-is-6x-more-expensive-than-its-peers-and-the-most-overvalued-mag-7-stock-gordon-johnson-questions-fundamentals-as-elon-musk-shrugs-off-concerns">Tesla Is 6X More Expensive Than Its Peers And The Most Overvalued Mag 7 Stock: Gordon Johnson Questions Fundamentals As Elon Musk Shrugs Off Concerns</a></li>
</ul>
Photo courtesy: Vladislav Gajic / Shutterstock.com

Urban Outfitters Navigates Tariff Headwinds With Diversification Strategies: No Country 'Accounts For More Than 25%' Of Production

Activist short seller Andrew Left&#8216;s Citron Research has renewed its bearish stance on Duolingo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>), citing Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google&#8217;s newly announced artificial intelligence translation technology as a significant threat to the language learning company&#8217;s business model.
What Happened: Citron acknowledged on social media platform X that the firm &#8220;got it wrong&#8221; with its initial short position before Duolingo&#8217;s last earnings report. However, it maintained that Google&#8217;s latest AI innovation has strengthened its bearish thesis rather than weakened it.
&#8220;Yesterday, Google changed the entire language learning market at I/O 2025,&#8221; Citron wrote, referencing Google&#8217;s developer conference where the tech giant unveiled Meet&#8217;s AI-powered speech translation feature.
Citron compared the potential impact to historical technological disruptions. &#8220;Saying Google&#8217;s new AI translation tool won&#8217;t impact Duolingo is like saying calculators didn&#8217;t reduce the need to learn arithmetic,&#8221; he stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We were short <a href="https://twitter.com/search?q=%24DUOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DUOL</a> before last earnings and got it wrong. But the thesis hasn't weakened—it's only gotten stronger. Yesterday, Google changed the entire language learning market at I/O 2025. Google translate can now replicate your sound tone and expression of our voice. Saying…
&mdash; Citron Research (@CitronResearch) <a href="https://twitter.com/CitronResearch/status/1925195708585414764?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/05/45556607/bitcoin-clocks-110000-ethereum-dogecoin-extend-gains-experienced-trader-peter-brandt-speculates-btc-to-enter-this-range-by-august-end">Bitcoin Clocks $110,000, Ethereum, Dogecoin Extend Gains: Well-Known Trader Peter Brandt Says BTC Could Gain Another 37% As Soon As August</a>
Why It Matters: The new Google Meet tool translates conversations in near real-time while preserving the speaker&#8217;s voice, tone, and expression.
According to Google, the Gemini-powered feature can translate between English and Spanish initially, with Italian, German, and Portuguese support planned for the coming weeks.
The service requires a subscription to Google&#8217;s AI Pro plan or the new AI Ultra subscription at $249.99 monthly, <a href="https://www.theverge.com/news/670322/google-meet-gemini-translation-ai-english-spanish">according</a> to The Verge.
The short seller&#8217;s renewed pessimism contrasts sharply with recent Wall Street sentiment. JPMorgan analyst Bryan Smilek maintained an Overweight rating on Duolingo with a $500 price target earlier this month, projecting 20% revenue growth driven by user <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45234350/duolingo-analyst-sees-ebitda-expansion-strong-user-trends-and-monetization-upside">expansion and gamification features</a>.
Duolingo currently serves 130 million monthly active users, representing approximately 18% of <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45234350/duolingo-analyst-sees-ebitda-expansion-strong-user-trends-and-monetization-upside">global online language learners</a>. 
Price Action: Duolingo Inc.&#8217;s stock closed at $514.30 on Wednesday, down 2.17% for the day. Year to date, the stock has gained 57.82%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Image Via Shutterstock
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

DUOL

Short Seller Andrew Left's Citron Doubles Down On Duolingo Short, Says Google's AI Tool Changes The Business

Gerber Kawasaki CEO and Co-Founder Ross Gerber says that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk is taking "very concrete steps" to improve the situation at the company.
What Happened: "Seems like Elon might've gotten my message that he needs to get back to work at Tesla, he needs to start doing positive media," Gerber said in an interview <a href="https://www.bnnbloomberg.ca/video/shows/the-close/2025/05/20/elon-musk-commits-to-staying-as-tesla-ceo/">with</a> Bloomberg on Tuesday.
Gerber then highlighted how Musk stepping away from the government and the "divisive comments", which were hurting the brand's image, was a "good development" for the company.
However, Gerber also outlined that Musk would need to recalibrate his focus on the company. "You're not gonna change Elon so I'm not gonna try to go down that path," he said. "I think it's mostly where his focus is and where his communication and communication is done, which really affects Tesla sales and the brand substantially," Gerber said.
Gerber also weighed in on June's Robotaxi launch and how it is a "crucial time" for the EV giant. Speaking on Robotaxi, Gerber said, "Clearly, this is a product that's not quite ready to go," before highlighting there was still a lot of work to be done at Tesla.
Why It Matters: Gerber's comments come in at a time when Musk is <a href="https://www.benzinga.com/news/25/05/45519469/tesla-stock-rises-after-musk-reaffirms-leadership-and-business-rebound">reaffirming his commitment </a>to Tesla as well as robotaxis. Recently, the billionaire brushed off the idea of <a href="https://www.benzinga.com/tech/25/05/45535283/elon-musk-brushes-off-potential-tesla-uber-deal-believes-owners-could-add-their-cars-to-ev-giants-autonomous">a potential deal</a> with ride-hailing giant Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>).
Interestingly, Gerber <a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">has been bearish</a> on Tesla and dumped more than 20,000 Tesla shares in Q1 2025. He has also criticized FSD technology on numerous occasions.&nbsp;
Elsewhere, analysts like Dan Ives <a href="https://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-table">maintain bullish views</a> on Tesla. Ives recently said that he believes a two-trillion-dollar market cap for Tesla "could be on the table" following Musk's comments.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:&nbsp;
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</ul>
Photo courtesy: Shutterstock

UBER

Ross Gerber Weighs In On Tesla Amid Elon Musk's 5-Year Commitment: 'Seems Like Elon Might've Gotten My Message…'

<h3>Companies Reporting Before The Bell</h3>
• Kanzhun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $264.74 million. 
• Lightspeed Commerce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSPD#NYSE">LSPD</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $251.30 million. 
• CSW Industrials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSWI#NASDAQ">CSWI</a>) is likely to report quarterly earnings at $2.22 per share on revenue of $232.82 million. 
• Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) is projected to report quarterly loss at $0.69 per share on revenue of $2.51 billion. 
• Dorian LPG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPG#NYSE">LPG</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $79.04 million. 
• Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is projected to report quarterly earnings at $0.32 per share on revenue of $259.06 million. 
• Ralph Lauren (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>) is projected to report quarterly earnings at $2.04 per share on revenue of $1.65 billion. 
• Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) is estimated to report quarterly earnings at $1.24 per share on revenue of $10.74 billion. 
• Sunlands Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STG#NYSE">STG</a>) is estimated to report earnings for its first quarter. 
• Replimune Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REPL#NASDAQ">REPL</a>) is projected to report earnings for its fourth quarter. 
• BingEx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLX#NASDAQ">FLX</a>) is expected to report earnings for its first quarter. 
• Thermon Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THR#NYSE">THR</a>) is estimated to report quarterly earnings at $0.50 per share on revenue of $133.65 million. 
• Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) is projected to report earnings for its first quarter. 
• Titan Machinery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) is estimated to report quarterly loss at $0.88 per share on revenue of $445.75 million. 
• Nano X Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $3.98 million. 
• Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) is estimated to report quarterly earnings at $1.70 per share on revenue of $2.51 billion. 
• BJ's Wholesale Club Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $5.19 billion. 
<h3>Companies Reporting After The Bell</h3>
• Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $1.01 billion. 
• Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $4.96 billion. 
• Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) is likely to report quarterly earnings at $2.15 per share on revenue of $1.61 billion. 
• Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) is projected to report quarterly earnings at $10.91 per share on revenue of $7.56 billion. 
• ePlus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUS#NASDAQ">PLUS</a>) is estimated to report quarterly earnings at $1.29 per share on revenue of $598.27 million. 
• Corporacion America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAAP#NYSE">CAAP</a>) is estimated to report quarterly earnings at $0.51 per share on revenue of $420.66 million. 
• Cavco Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVCO#NASDAQ">CVCO</a>) is expected to report quarterly earnings at $5.15 per share on revenue of $504.15 million. 
• Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is expected to report quarterly earnings at $0.42 per share on revenue of $1.23 billion. 
• Lionsgate Studios (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LION#NYSE">LION</a>) is projected to report quarterly earnings at $0.41 per share on revenue of $964.35 million. 
• StepStone Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEP#NASDAQ">STEP</a>) is expected to report quarterly earnings at $0.48 per share on revenue of $229.17 million. 
• Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $125.65 million. 
• Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) is projected to report quarterly earnings at $2.01 per share on revenue of $2.22 billion. 
• Silvercorp Metals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVM#AMEX">SVM</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $48.30 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADSK

ARQQ

ATAT

CAAP

CPRT

CSWI

CVCO

DECK

INTU

LION

LSPD

NNOX

PLUS

REPL

ROST

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WDAY

Earnings Scheduled For May 22, 2025

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares are on the rise following a hike in its price target by Piper Sandler.
What Happened: The stock is up 7% in pre-market trading on Thursday, after Piper Sandler analysts, led by Brent Bracelin, reaffirmed their &#8220;overweight&#8221; rating on the stock, while increasing the price target to $215, from $175, representing a 20% upside from current levels.
Bracelin called Snowflake one of their &#8220;highest conviction growth ideas&#8221; for 2025, with the bullish thesis resting on it achieving &#8220;Rule of 50,&#8221; which means 25% product revenue growth, alongside 25% in free cash flow margins, at over $4 billion in annual recurring revenue.
See Also: <a href="https://www.benzinga.com/25/05/45558758/as-unitedhealth-group-lost-an-unthinkable-140-billion-in-market-cap-since-april-analysts-weigh-in-on-the-path-ahead">As UnitedHealth Wipes Out &#8216;Unthinkable&#8217; $140 Billion In Market Value Since April, Analysts Weigh In On The Road Ahead</a>
&#8220;Solid Q1 execution evident by the $39 million beat on 26% y/y product growth was encouraging given an uncertain macro backdrop,&#8221; the note says. 
It also highlights two $100 million-plus deals with financial services customers and a sharp uptick in customers using AI/ML tools weekly, which now stands at over 5,200, up from 4,000 the prior quarter.
The analysts note that while most other software companies they cover have maintained their annual guidance &#8220;out of an abundance of caution,&#8221; Snowflake has raised its annual product revenue guidance by $45 million at the midpoint, or 25% year-over-year growth, ahead of 24% that was guided earlier.
Why It Matters: Most other leading analysts remain <a href="https://www.benzinga.com/trading-ideas/technicals/25/05/45550440/snowflake-melts-resistance-can-q1-earnings-spark-a-fresh-flurry-of-gains">upbeat on the stock</a>, with an average consensus Price Target of $203.69, an upside of 13.7% from current levels.
The stock is up 27.73% over the past 1 month, since its late-April lows, and is up 13.72% year-to-date, following a volatile couple of weeks recently.
The company released its <a href="https://www.benzinga.com/news/earnings/25/05/45553121/snowflake-q1-earnings-revenue-eps-beat-estimates-ai-data-cloud-company-sees-25-growth-ahead-shares-climb">first quarter results</a> on Wednesday, reporting $1.04 billion in revenue, beating consensus estimates of $1.01 billion. It reported a profit of $0.24 per share, ahead of estimates at $0.21 per share. 
Price Action: The stock was down 2.06% on Wednesday, trading at $179.12 per share, but is up 8.50% after hours, following its first quarter results and an increase in analyst price targets. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="139" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040344/Screenshot-2025-05-22-at-1.33.32-PM-1024x139.png" alt="" class="wp-image-923938" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040344/Screenshot-2025-05-22-at-1.33.32-PM-1024x139.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040344/Screenshot-2025-05-22-at-1.33.32-PM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040344/Screenshot-2025-05-22-at-1.33.32-PM-768x105.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040344/Screenshot-2025-05-22-at-1.33.32-PM-1536x209.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22040344/Screenshot-2025-05-22-at-1.33.32-PM.png 1616w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, the stock scores well on Momentum, but fares poorly on Growth and Value. It has a favorable price trend in the short, medium, and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights.
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Photo courtesy: Tada Images / Shutterstock.com

Price Target

Analyst Ratings

Snowflake Jumps 8% Pre-Market After Piper Sander Hikes Price Target To $215, Calls It 'High-Conviction Growth Play'

The Republican tax bill, a priority of the Trump administration, could exacerbate wealth inequality in the U.S., according to a report by Oxfam. The non-profit organization argues that the legislation would disproportionately benefit the affluent.
What Happened: Oxfam America&#8217;s study suggests that the proposed tax cuts would further stack the odds against ordinary citizens in favor of the wealthy. The report also explores the possibility of implementing a wealth tax on ultra-millionaires and billionaires as a means to address inequality. Oxfam&#8217;s analysis shows that a 3% tax on wealth exceeding $1 billion could raise $50 billion from just the 10 richest Americans—enough to fund a year of food assistance for 22.5 million people, <a href="https://edition.cnn.com/2025/05/21/business/billionaire-tax-cut-trump">reported </a>CNN.
However, the implementation of such a wealth tax could face significant challenges, including valuation of net worth and potential constitutional issues. The debate persists as lawmakers consider whether to extend the 2017 Tax Cuts and Jobs Act, the hallmark tax legislation of the Trump administration.
Meanwhile, a new study from the nonpartisan Congressional Budget Office (CBO) revealed that the benefits arising from the &#8220;One Big Beautiful Bill Act,&#8221; would not be evenly distributed, with the bottom 10% of earners facing a 4% drop in household resources by 2033, while the top 10% would gain 2% due to lower taxes.
Meanwhile, Kent Smetters, a business economics professor from University of Pennsylvania's Wharton School told CNN that the top 10% of households would receive approximately $3.1 trillion in tax cuts over a decade. This possibly includes the likes of billionaires like Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Founder Jeff Bezos and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg.
SEE ALSO: <a href="https://benzinga.com/25/05/45546698/robert-kiyosaki-says-its-not-toilet-paper-or-baked-beans-flying-off-costco-shelves-its-gold-heres-what-he-says-it" target="_blank" rel="noreferrer noopener">Robert Kiyosaki Says It&#8217;s Not Toilet Paper Or Baked Beans Flying Off Costco Shelves—It&#8217;s Gold. Here&#8217;s What He Says It Means</a>
Why It Matters: The potential impact of the &#8220;One Big Beautiful Bill Act&#8221; on wealth inequality has been a subject of intense debate. A&nbsp;<a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office">recent report by the Congressional Budget Office</a>&nbsp;estimated a 4% income drop for the lowest decile of Americans by 2033, raising concerns about the bill&#8217;s impact on the wealth gap.
Meanwhile, the bill&#8217;s potential to exacerbate the deficit has also been a point of contention. A&nbsp;<a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office">CBO report</a>&nbsp;suggested that the tax changes, including the extension of the 2017 tax act, could increase the federal deficit by $3.8 trillion.
These concerns have prompted strong reactions from political figures. Senator&nbsp;Elizabeth Warren&nbsp;criticized the Republicans for advancing the bill through late-night votes, questioning their motives. The bill&#8217;s potential impact on wealth inequality and the deficit continues to be a key point of contention in ongoing political debates.
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<li>READ MORE: <a href="https://benzinga.com/news/25/05/45536753/trump-eyes-retirement-overhaul-that-could-push-billions-from-401ks-into-high-stakes-private-equity-funds-report" target="_blank" rel="noreferrer noopener">Trump Eyes Retirement Overhaul That Could Push Billions From 401(k)s Into High-Stakes Private Equity Funds: Report &#8211; Benzinga</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump's 'Big Beautiful Bill' Could Be $3.1 Trillion Jackpot For Affluent Americans Like Elon Musk And Jeff Bezos: Report

The shoemaker of the popular brand, Vans — VF Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>), highlighted that a <a href="https://www.benzinga.com/news/earnings/25/05/45544873/v-f-corp-tumbles-after-q4-miss-vans-slump-and-gloomy-q1-forecast">dip in the segment sales</a> was part of the company&#8217;s turnaround plan, and investors would likely see the &#8220;high quality&#8221; earnings in the future.
What Happened: The Vans unit of VF Corp reported a 20% drop in sales as compared to the previous year and an 8% decline sequentially.
VF Corp&#8217;s President and CEO, Bracken Darrell, underscored that if you exclude Vans, the company&#8217;s total revenue growth would be up 4%.
&#8220;We told you last quarter that turnarounds are often nonlinear. To be clear, turnarounds can look nonlinear from a numerical standpoint, and this quarter is an illustration of that,&#8221; he said.
Darrell highlighted that 60% of the decline in the segment this quarter was a direct effect of deliberately reducing revenue to eliminate unprofitable or unproductive business. Additionally, 25% of it was driven by reduced storefronts and reduced channel inventory in China.
&#8220;Another 35% of the total decline was driven by additional set of deliberate actions, which were also in place last quarter that had a lower impact. These include the closure of value doors mainly in the U.S. that were margin eroding,&#8221; he said.
Underscoring the reasons for these declines, Darrell said, &#8220;And the results of these actions and others are that Vans gross margin is up significantly year-over-year.&#8221;
However, concerning the revenue, he said, &#8220;You don&#8217;t see the results just yet numerically, but you will. And when you do, they&#8217;ll be high quality.&nbsp;&#8220;
See Also: <a href="https://www.benzinga.com/news/25/05/45533521/charlie-munger-once-said-the-first-rule-of-compounding-is-to-never-interrupt-it-unnecessarily-now-hi">Charlie Munger Once Said, &#8216;The First Rule Of Compounding Is To Never Interrupt It Unnecessarily&#8217; — Now His Wisdom Rings True As The S&amp;P 500 Surges 220% Over 10 Years</a>
Why It Matters: VF Corp <a href="https://www.benzinga.com/news/earnings/25/05/45544873/v-f-corp-tumbles-after-q4-miss-vans-slump-and-gloomy-q1-forecast">reported a revenue</a> of $2.14 billion, down 5% year over year, missing the analyst consensus estimate of $2.18 billion. Whereas it posted a quarterly loss of adjusted earnings per share of 13 cents, beating the street view of a 14 cents loss.
The company anticipates a 3% to 5% drop in revenue for the first quarter of the fiscal year 2026, alongside an adjusted operating loss ranging from $110 million to $125 million.
VFC shares ended 15.80% lower on Wednesday and rose 0.41% in after-hours. The company has declined 43.59% on a year-to-date basis and 1.46% over a year.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, ended lower on Wednesday. The SPY was down 1.69% to $582.86, while the QQQ dropped 1.39% to $513.04, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Benzinga Edge Stock Rankings shows that VFC had a weaker price trend over the short, medium, and long term. Its value ranking was poor at the 17.46th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="149" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22032025/VFC-EDGE-1024x149.png" alt="" class="wp-image-923877" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22032025/VFC-EDGE-1024x149.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22032025/VFC-EDGE-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22032025/VFC-EDGE-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22032025/VFC-EDGE.png 1203w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The futures of the S&amp;P 500, Nasdaq 100, and Dow Jones were trading higher on Thursday.
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Photo courtesy: T. Schneider / Shutterstock.com

VF Corp CEO Defends Vans Decline As Strategic: 'High-Quality Earnings' Are Coming

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