U.S. Movers: FedEX, Nike

Dec 20, 2024
Scott Peters
FedEx reported flat revenue and a decline in earnings in its latest quarter and announced its plans to separate its freight business. Nike said higher promotional incentives are likely to negatively impact its gross margins in the current quarter.

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Lamb Weston swung to a quarterly loss after production volumes fell and manufacturing costs rose. Micron Technology offered a weaker-than-expected outlook for the current quarter. Darden Restaurants raised its annual estimate after reporting higher revenue and earnings in its latest quarter.

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Birkenstock reported a surge in earnings after sales in Europe and Asia jumped. Merck signed a licensing deal with China-based Hansho Pharmaceuticals to develop and commercialize its experimental obesity drug. 

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Crypto-linked stocks advanced after the bitcoin hit a new record high. Pfizer reiterated its annual earnings outlook as the company plans to pare back non-core businesses and repay debt. EVgo turned volatile after a key shareholder sold stocks at a discount.

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U.S. Movers: Broadcom, RH

Dec 13, 2024
Scott Peters
Broadcom said AI revenue jumped more than three-fold in the latest fiscal year, driven by strong demand for its processor and networking portfolio. RH lifted its fourth quarter and full-year sales outlook.

U.S. Movers: Adobe, Chewy, Uber

Dec 12, 2024
Scott Peters
Adobe reported a rise in revenue and earnings in its fiscal fourth quarter and estimated a slower increase in revenue in the current quarter.

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Dave & Buster's Entertainment announced the departure of its chief executive, and the company said its quarterly loss expanded. GE Vernova estimated higher revenues and free cash flows in 2024 and 2025.

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Oracle said revenue growth in its latest quarter was driven by the sustained demand for its cloud services. MongoDB lifted its outlook for the current quarter. Vail Resorts increased its annual operating earnings range on the back of gains linked to asset sales. 

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Lululemon Athletica reported strong quarterly revenue and earnings growth, and the retailer held out for positive holiday sales. Ulta Beauty reported higher sales but a decline in earnings in the fiscal third quarter. GitLab announced the appointment of a new chief executive and strong quarterly results.

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American Eagle Outfitters issued a cautious outlook for the current quarter. Five Below reported a rise in sales, partly driven by new store openings. Synopsys offered a cautious sales and earnings outlook in the current quarter.

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Salesforce reported better-than-expected quarterly results. Marvell Technology's fourth quarter sales outlook surpassed expectations. Okta estimated strong revenue growth in the current quarter.

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Tesla said it plans to appeal the latest decision by a Delaware judge to deny chief executive Elon Musk a $56 billion pay package in 2018. Zscaler reported sharply higher sales in the fiscal first quarter. 

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Dell Technologies said revenue growth was driven by strong demand for its AI servers and networking products. HP's earnings surpassed its own estimate. Workday estimated weaker-than-expected revenue in the fourth quarter.

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Dick's Sporting Goods lifted its full-year outlook on the back of strong back-to-school shopping season. Kohl's announced a change of chief executive office ahead of the company's quarterly results. Abercrombie & Fitch estimated strong sales growth in the holiday season. 

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U.S. Movers: Bath & Body Works, Macy's

Nov 25, 2024
Scott Peters
Bath & Body Works revised its fourth quarter sales and earnings outlook after beating third quarter sales and earnings estimates. Macy's delayed the release of its full financial results after the company identified accounting errors.

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Gap Inc. reported better-than-expected revenue, earnings, and comparable same-store sales in the fiscal third quarter. Ross Stores said quarterly earnings in the current quarter are likely to decline from a year ago. Intuit reported a decline in earnings but a rise in sales in its latest quarter.