Stubhub Drops, Cerebras Tumbles, Tapestry Slides as Guidance Underwhelms After Recent Rally

Description

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Stubhub (STUB) shares drop. The ticketing company reported earnings per share for the second quarter that missed the average analyst estimate. Analysts highlight a boost from the World Cup, but note that the company’s full-year forecast underwhelmed. - Cerebras (CBRS) tumbled after the company projected slower growth than some investors anticipated. Revenue will be about $215 million in the current quarter, which topped the $212 million average estimate but was below some predictions.- Tapestry (TPR) shares slide. Shares of Coach and Kate Spade parent Tapestry are down after the handbag and accessories company gave initial fiscal 2027 forecasts for adjusted EPS and revenue which, at the midpoint, are slightly below the consensus estimate. This may be disappointing investors after the stock’s nearly 20% run since May 15th.See omnystudio.com/listener for privacy information.