Company News for Jul 2, 2025

By Zacks Equity Research | July 02, 2025, 4:46 AM
  • Progress Software Corp.’s (PRGS) 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) 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) shares tumbled 4.4% following reports that the company is mulling selling its industrial software business Proficy.
  • Shares of Tesla Inc. (TSLA) 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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This article originally published on Zacks Investment Research (zacks.com).

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