Stock Movers: Planet Labs, Five Below, PVH
On this episode of Stock Movers: - Planet Labs (LB) is higher this morning after reporting profit that beat expectations as Europe hikes defense spending in response to the United States pulling back from the continent. Earnings excluding some items were $1.2 million in its first quarter, according to a statement Wednesday, its second profitable quarter in a row and better than analysts' average expectation of a $3 million loss. - Five Below (FIVE) is gaining in premarket trading after the discount stores company reported first-quarter results that beat expectations and guided for net sales in the second quarter that are above estimates. - PVH (PVH), the owner of Calvin Klein, is lower after cutting its full-year adjusted earnings per share guidance, and noted that the outlook reflects an estimated net negative impact in relation to tariffs placed on goods coming into the US. Negative impact from tariffs includes an 'unmitigated impact of approximately $1.05 per share, and a partially offsetting impact of planned mitigation actions,' the company said in a statement. - Tesla (TSLA) continues to decline this morning after vehicle shipments from its China factory fell for an eighth straight month, as reported yesterday. Also weighing on the stock is the back and forth between owner Elon Musk and President Trump over the Congressional tax bill. - Land's End Inc. (LE) stock is on the rise this morning after affirming its 2025 adjusted EPS guidance from $0.48-$0.86 to $0.48-$0.86 as well as its 2025 year end outlook.
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