Booking Holdings (BKNG) shares fell on Tuesday after the online travel agency reported that the Middle East conflict had varying impacts on its first-quarter results. The company's second-quarter and full-year forecasts also missed analyst estimates. Rival Expedia, set to report on May 7, saw its shares decline 5.0%.
Starbucks (SBUX) shares jumped after the coffee chain posted better-than-expected quarterly results. The company now expects comparable sales to rise at least 5% this year, up from its prior forecast of 3% or more, signaling a strong rebound.
Centene (CNC) shares rose after first-quarter profit exceeded Wall Street expectations, with adjusted earnings of $3.37 per share surpassing all analyst estimates in a Bloomberg survey. The health insurer also raised its full-year earnings outlook by 40 cents per share, citing a key medical cost gauge that came in more favorable than anticipated. The results mark a recovery for the US health insurance sector after a challenging year.