Gapping down
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- THS -2.4% (guides, also implements operational efficiency strategies), FAST -1%, LOGI -0.9% (reaffirms FY25 sales guidance, but withdraws FY26 guidance due to tariff environment)
Other news:
- MOV -4.9% (discloses that it became aware of allegations of misconduct within its Dubai branch of its subsidiary, MGI Luxury Group Sárl, that resulted in overstatement of sales, premature recognition of sales, and underreporting of credit notes owed to customers; Co issues restated unaudited financials for affected periods)
- STLA -2.4% (reports Q1 shipments decline 9% yr/yr)
- RRC -0.8% (provides expectations for Q1 derivatives)
- ALSN -0.7% (names new CFO)