Gaotu Techedu (GOTU) shares were gaining more than 17% after it reported Q1 non-GAAP earnings of 0.35 renminbi ($0.05) per American depositary share, compared with a non-GAAP loss of 5.20 renminbi per ADS a year earlier.
Starbucks (SBUX) said Howard Schultz will continue to serve as interim CEO of the company through fiscal Q1 of 2023. The company's board expects to appoint a new CEO this fall. Starbucks shares were up more than 2% recently.
Hyatt Hotels (H) shares were climbing past 1% after the company said comparable revenue per available room, or RevPAR, increased 2% in May compared with April, boosted by higher occupancy, mainly in urban markets.