AppFolio, Carter's and Saia All Drop on Downbeat Earnings
On this episode of Stock Movers:
- AppFolio (APPF) shares are down after the application software company reported first-quarter results that missed expectations.
- Carter's (CRI) shares also fell as much as 10% in trading after the children's apparel company suspended its financial guidance, citing its CEO transition and tariff uncertainty. The stock was down despite first-quarter sales topping Wall Street expectations.
- Saia (SAIA) shares also dropped over 30% during trading after the trucking company reported revenue and earnings per share for the first-quarter that missed analysts estimates. The firm also cited uncertainty as a factor. “Primarily resulting from an uncertain macroeconomic environment, we did not see the typical sequential growth in shipments through the quarter, with March shipments flat to February, causing our first quarter revenues to fall well below our expectations” CEO Fritz Holzgrefe said in a statement.
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