Progress Software Corp. (PRGS) shares dropped 13% after reporting second-quarter fiscal 2025 revenues of $237.35 million, missing the Zacks Consensus Estimate of $237.84 million. Meanwhile, shares of MSC Industrial Direct Co. Inc. (MSM) rose 6.2% following a third-quarter fiscal 2025 adjusted earnings per share of $1.08, surpassing expectations of $1.03.
GE Vernova Inc. (GEV) saw its shares fall 4.4% amid reports of a potential sale of its Proficy industrial software business. Tesla Inc. (TSLA) shares plummeted 5.3% after former President Donald Trump indicated possible cuts to billions in federal subsidies that benefit Elon Musk’s companies.
