Concentrix Slides on Outlook; AeroVironment Jumps on Earnings | Stock Movers
Bloomberg 2026-06-30 14:26:57
Context: Shares of several major companies experienced significant movements following the release of their earnings reports and outlooks. Concentrix saw its shares slide after cutting its full-year outlook, while AeroVironment's shares jumped after reporting strong fourth-quarter results. Digital Realty also saw its shares decline after announcing a $3.5 billion deal to buy a stake in a Blackstone data center.
Key Facts
- Concentrix shares declined after the company reduced its full-year outlook, with its forecasts for reported revenue and adjusted earnings per share falling short of Wall Street's expectations.
- AeroVironment shares rose after the defense company reported fourth-quarter results that exceeded expectations across key metrics and forecast 2027 revenue that, at the midpoint, surpassed analysts' estimates.
- Digital Realty shares were lower on news that it would purchase a Blackstone data center stake for $3.5 billion.