2023-05-09 13:25:12 ET
The major market averages dipped lower in Tuesday's intraday session amid lingering banking crisis ahead of the U.S. CPI data.
Looking at the individual stocks, Palantir Technologies ( NYSE: PLTR ) shares rose following Q1 earnings beat whereas 3D Systems ( NYSE: DDD ), Under Armour ( NYSE: UA ) ( NYSE: UAA ), Fisker ( NYSE: FSR ) and Skyworks ( NASDAQ: SWKS ) slumped after reporting earnings results.
Meanwhile, Boeing ( NYSE: BA ) shares edged higher after bagging a major order from Ryanair Holdings ( NASDAQ: RYAAY ).
Gainers
Palantir Technologies ( PLTR ) shares jumped about 23% after an upbeat Q1 results with customer count growth of 41% Y/Y. The company also raised FY2023 sales outlook from the prior range of $2.18B - $2.23B to $2.185B- $2.235B vs. consensus of $2.2B.
Boeing ( BA ) shares rose more than 1.3% after European budget carrier Ryanair ( RYAAY ) announced its plan to buy at least 150 of Boeing's ( BA ) 737-10 Max jetliners along with an option for 150 more.
Decliners
3D Systems ( DDD ) shares plunged about 7% after reporting lower than expected Q1 results. Moreover, the company announced restructuring plans that will reduce its headcount by about 6% .
Under Armour ( UA ) ( UAA ) stock slipped nearly 6% on a soft outlook despite an upbeat Q4 results. The company expects diluted EPS in the range of $0.47 and $0.51 vs. consensus of $0.61.
Fisker ( FSR ) dropped approximately 7% on missing the consensus mark in Q1 . The company also lowered its production target to 32,000 to 36,000 units by the end of the year from a prior view of 42,400 units.
Skyworks ( SWKS ) shares decreased 6% on disappointing Q2 results and outlook . BMO Analyst Ambrish Srivastava lowered his rating on the stock to market perform from outperform and lowered the price target to $100 from $140 per share, noting there is likely a structural issue and a "multi-quarter headwind" coming for the smartphone -centric semiconductor company.
To keep track of Wall Street's biggest winners and losers throughout the session, head over to Seeking Alpha's On The Move section .
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Hot Stocks: DDD, UA, FSR, SWKS drop on earnings; BA gain on a major order; PLTR rise on solid earnings