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Meta Gains, Casey's Falls, ServiceTitan Tumbles After 2Q Loss
Description
On this episode of Stock Movers:
- Meta (META) shares gain. Analysts are positive on the Facebook parent after it debuted Muse, an AI assistant. Firms wrote that Meta is well positioned to succeed with the product.
- Casey's (CASY) shares fell as much as 18%, the most intraday since March 2020, after the convenience-store operator reported a miss on first-quarter fuel gross profit. The company also maintained its fiscal 2027 outlook. Analyst Corey Tarlowe notes that while revenue and EPS beat in the quarter, same-store fuel gallons decreased and grocery growth was below expectations.
- ServiceTitan (TTAN) shares tumble. The software company posted a second-quarter loss per share was wider than estimates. The company also provided a third-quarter revenue forecast range that came in shy of expectations. The company also announced the appointment of Rikus Pretorius as its next chief revenue officer.
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