Applied Digital Drops; Constellation Falls After Weak Outlook; Amazon Letter
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Applied Digital (APLD) shares are down after the data center operator reported third-quarter results. Gross margins missed the average analyst estimate, while Vital Knowledge also noted elevated capital expenditures.
- Constellation Brands (STZ) shares drop after the maker of Corona and Modelo Especial gave an outlook for full-year comparable earnings-per-share that missed the average analyst estimate. The company also said it’s withdrawing its previously issued fiscal 2028 forecast.
- Amazon.com (AMZN) Chief Executive Officer Andy Jassy said firm is willing to make large capex investments and endure short-term FCF headwinds for the substantial medium to long-term FCF surplus.
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