To The Moon

1. $UiPath(PATH)$ plunged more than 30% after announcing CEO Rob Enslin's resignation, effective June 1.

The company's fiscal first-quarter earnings report showed:

• Revenue: $335 million, beat estimates of $333 million.

• Adjusted Earnings per Share: 13 cents, beat estimates of 12 cents by 8.33%.

However, UiPath lowered its full-year revenue guidance to between $1.405 billion and $1.41 billion, down from the prior quarter's guidance of $1.55 billion to $1.56 billion, citing elongated sales cycles for larger deals and increased deal scrutiny.

2. $American Airlines(AAL)$ stock fell 13.54%, marking its worst day since June 2020.

It dropped sharply in midday trading after announcing the departure of Chief Commercial Officer Vasu Raja and issuing disappointing revised guidance.

• Adjusted EPS: Now expected between $1.00 and $1.15, down from the previous forecast of $1.15-$1.45.

• Operating Margin: Projected to decrease to 8.5% to 9.5%, down 1%.

These revisions come despite high travel numbers ahead of the busy summer season, with TSA reporting record travel volumes.

3. $Nutanix Inc.(NTNX)$ plunged 12.3% following the release of fiscal third-quarter earnings and revenue that surpassed expectations, but with disappointing guidance for the upcoming quarter.

• Adjusted Earnings per Share: 28 cents, beat estimates of 17 cents by 64.7%.

• Revenue: $524.6 million, beat estimates of $516 million by 1.7%.

• Free Cash Flow: $78.3 million, below estimates of $85.5 million by 8.4%.

For the quarter ending in July, Nutanix provided revenue guidance of $530 million to $540 million, significantly below the estimated $546 million. Concerns about the timing and elongation of large deals, along with lower-than-expected free cash flow, contributed to the stock's decline.