U.S. Movers: Box, MongoDB, Toll Brothers

Dec 6, 2023
Scott Peters
Toll Brothers reported a decline in revenue and earnings in the latest quarter, but gross margin improved. MongoDB reported a surge in quarterly revenue, and losses shrank.

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Gitlab reported its first-ever adjusted operating income and forecasted higher sales in the current quarter. Lands End said revenue in the third quarter declined and net losses expanded.

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Alaska Air agreed to acquire Hawaii Airlines, but the merger proposal is likely to face an uphill battle with regulators. Spotify said it plans to lay off 17% of its staff. Cryptocurrency-linked stocks soared after bitcoin jumped above the $40,000 mark.

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Disney reinstated its dividend as the company gears up for a proxy battle with an activist investor seeking board seats. Ulta Beauty reported strong quarterly sales and tightened its fourth quarter and annual outlook. Samsara said quarterly losses shrank.

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Salesforce reported a surge in quarterly earnings. Snowflake said quarterly sales and adjusted free cash flow jumped. Five Below offered the same store sales outlook during the holiday season.

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General Motors reinstated its annual guidance, increased its dividend, and announced a stock repurchase plan. Foot Locker reported better-than-expected quarterly results. Petco took a large goodwill impairment charge. NetApp estimated smaller-than-expected decline in annual sales.

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Fresenius raised its annual revenue and earnings growth outlook. HP reported a decline in fourth-quarter revenue but swung to a profit. Burlington Stores revenue and earnings jumped. Nvidia reported a surge in revenue and earnings in its latest quarter.

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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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