Shares of Ross Stores Inc. dropped in after-hours trading on Tuesday as the discount retailer projected weaker same-store sales for the year due to recent slowing trends exacerbated by harsh weather and economic concerns. The company’s forecast reflects a challenging environment that impacted consumer behavior, leading to a cautious outlook for the upcoming period.
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Navitas (NVTS) Q2 Revenue Drops 29%
Navitas Semiconductor (NASDAQ:NVTS) reported Q2 2025 results with GAAP revenue of $14.5 million, a 29.3% decline year-over-year, while non-GAAP operating loss improved to $10.6 million. Despite a GAAP net loss per share of $(0.25) exceeding estimates, the company has $161.2 million in cash following a $100 million capital raise, focusing on AI data centers and energy infrastructure. Want More Context? 🔎
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