Wall Street stumbled midday Friday, shaken by a fresh wave of trade war fears after President Donald Trump proposed aggressive new tariffs on Apple Inc. (NASDAQ:AAPL)
Deckers Outdoor Corporation (NYSE: DECK) shares downgraded following Q4 results, with revenue of $1.02B beating estimates and F1Q26 guidance issued due to uncertainty.
Shares of smart home company SmartRent (NYSE:SMRT) jumped 8.9% in the pre-market session after reports indicated that President Trump was expected to issue executive orders to boost the nuclear energy sector. This news provides a significant tailwind for companies like NuScale, specializing in small modular reactors (SMRs).
Shares of footwear and apparel conglomerate Deckers (NYSE:DECK) fell 19.9% in the afternoon session after the company reported weak first quarter 2025 results: both revenue and EPS guidance for the next quarter missed. The miss was largely due to macro uncertainty tied to global trade policies and softer-than-expected domestic demand, with management calling out the lack of visibility and stepping away from providing full-year guidance altogether.
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 2.8% in the afternoon session after tariffs and trade tensions picked up after President Trump announced plans to impose up to 25% tariffs on iPhones sold in the US unless the company moved manufacturing back home. T. he proposed tariffs underscore a renewed focus on domestic manufacturing.
Shares of finance and HR software company Workday (NASDAQ:WDAY) fell 11.4% in the afternoon session after the company reported underwhelming first-quarter 2025 (fiscal 2026) results: full-year subscription revenue guidance of 14% growth remained unchanged, but the market typically looks for upside in this metric, and in-line guidance failed to inspire confidence. Billings also missed.
Shares of IT solutions provider ePlus (NASDAQ:PLUS) jumped 7% in the morning session after the company reported decent first quarter 2025 earnings. EPS beat handily while revenue missed. Notably, margins improved, thanks to a shift toward higher-margin services like software subscriptions and managed support.
Shares of online vehicle auction company Copart (NASDAQ:CPRT) fell 11.4% in the afternoon session after the company reported weak first quarter 2025 result that missed Wall Street's sales and EBITDA estimates, while earnings were in line. Overall this was a weaker quarter.
Shares of government consulting firm Booz Allen Hamilton (NYSE:BAH) fell 15% in the afternoon session after the company reported weak first quarter 2025 result: Revenue and EBITDA both missed. The shortfall came from slow contract signings, with the book-to-bill ratio slumping to 0.71x, showing the firm added less work than it delivered.
Shares of document technology company Xerox (NASDAQ:XRX) fell 15.9% in the afternoon session after the company announced a reduction in its quarterly dividend to $0.025 per share, or $0.10 annually, to improve its balance sheet and ensure sufficient capital is available to finalize its acquisition of Lexmark.
Shares of tax and accounting software provider, Intuit (NASDAQ:INTU) jumped 7.6% in the afternoon session after the company reported an impressive "beat and raise" quarter as it upped its full-year EPS guidance and provided revenue guidance for the next quarter that exceeded Wall Street's estimates, sending a clear signal of improved confidence in its business momentum.
