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Company News for Jul 2, 2025

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  • Progress Software Corp.’s ((PRGS - Free Report) ) shares plunged 13% after reporting second-quarter fiscal 2025 revenues of $237.35 million, missing the Zacks Consensus Estimate of $237.84 million.
  • Shares of MSC Industrial Direct Co. Inc. ((MSM - Free Report) ) climbed 6.2% after posting third-quarter fiscal 2025 adjusted earnings per share of $1.08, beating the Zacks Consensus Estimate of $1.03.
  • GE Vernova Inc.’s ((GEV - Free Report) ) shares tumbled 4.4% following reports that the company is mulling selling its industrial software business Proficy.
  • Shares of Tesla Inc. ((TSLA - Free Report) ) plummeted 5.3% after President Donald Trump warned of cutting billions of dollars in subsidies that Elon Musk's companies receive from the federal government.

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