Abercrombie & Fitch lifted its quarterly and annual sales and operating margin outlook on the back of higher retail prices and lower freight costs. Zoom Video lifted its annual sales outlook on the strength on its enterprise sales. Lowe's lowered its sales outlook as pandemic-fueled demand waned.

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Microsoft said the former OpenAI chief will lead the company's research team. Zoom Video is scheduled to report earnings after the regular trading hours on Monday.

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Applied Materials reported record cash flow in the fiscal year 2023 and a criminal investigation related to China shipments. Gap said earnings increased after lower promotions and weaker commodity prices.

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Walmart issued cautious outlook for holiday season. Cisco reported strong quarterly results but the offered cautious outlook for the current quarter and fiscal year. Palo Alto Networks

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Advance Auto Parts sharply lowered its earnings and free cash flow estimate for 2023. Target Corp. said quarterly sales declined, but earnings improved, and the retailer lowered its inventory during the quarter. TJX said it plans to accelerate its stock repurchase program over the next three months.

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Henry Schein lowered its annual sales outlook after the company is still recovering from the recent cyberattack incidence. Aramark reported strong quarterly sales but offered a lower sales growth outlook. Home Depot estimated the same store sales growth weakness to persist.

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Informa PLC lifted its annual revenue outlook and expanded its stock buyback plan. Hill & Smith confirmed an annual operating earnings outlook near the upper end of the estimated range. Glencore agreed to acquire a majority stake in a Canada-based coal mining business.



Wynn Resorts reported mixed quarterly results after a weaker-than-expected rebound in China and a decline in revenue at its Boston casino. Trade Desk estimated transitory softness in advertising spending by clients in the automotive and consumer electronics verticals. Doximity lifted its annual revenue estimate.

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Lyft reported a strong demand for rides in the third quarter but offered a muted growth outlook in the current quarter. The rebound in travel to Macau, China, lifted MGM's quarterly revenue. Disney said it plans to expand its cost-cutting program.

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Robinhood Markets said transaction revenue in the quarter declined on weak stock and crypto trading. Rivian Automotive lifted its annual production outlook. Roblox reported a surge in daily active users.

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Uber Technologies reported healthy growth in gross bookings for its transportation and delivery services. Tripadvisor reported a rebound in quarterly revenue. WeWork filed for Chapter 11 bankruptcy protection and negotiated expensive commercial leases.

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Bluegreen Vacations agreed to be acquired by Hilton Grand Vacations. Dish Network swung to a quarterly loss and announced the departure of its chief executive. Berkshire Hathaway reported a surge in quarterly earnings.

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U.S. Movers: Apple, BMW, Starbucks

Nov 3, 2023
Scott Peters
Apple reported its fourth quarterly sales decline in a row, but service revenue soared to a record high. BMW said quarterly net income declined. Starbucks said pricier drinks and store expansion drove quarterly performance.

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Airbnb reported strong sales in third quarter but forecasted weaker growth in the fourth quarter. Solar Edge estimated weakening sales trend to continue in the fourth quarter. Qualcomm signaled a possible recovery in advanced chip market.

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Lufthansa AG said revenue and earnings jumped in the third quarter on higher demand for international travel. Hugo Boss reiterated its annual outlook. BT plc reported better-than-expected quarterly results. Shell Plc launched its stock buyback plan.