Arch Capital expanded its share repurchase program. Lucid raised $1.5 billon. Steelcase earnings were near the bottom-end of the guidance. General Mills said volume declined impacted sales and earnings.
Aerojet Rocketdyne agreed to be acquired by L3Harris in an all-cash deal. Mesa expanded its regional network alliance with United Air after American Airlines terminated its contract.
Tesla CEO sold lowered his stake in the company. JetBlue said December air travel demand is weaker than estimated. Roblox November growth sharply decelerated.
Delta Air lifted its outlook and said demand for air travel service is robust. Tesla edged lower on China sales worries. SoFi jumped after the chief executive acquired shares.
Energy stocks rebounded after crude oil and natural gas prices scaled higher as the European Union officials discussed the price cap on natural gas prices for 2023.
Microsoft entered into a long term partnership with for cloud computing services with the parent of the London Stock Exchange. Coupa Software agreed to go private. Horizon Therapeutics agreed to be acquired by Amgen.
Broadcom reported higher sales and earnings and hiked dividend and resumed stock repurchase. Chewy sales rose and swung to profit in its latest quarter. Lululemon said quarterly sales and earnings soared.
Oxford Industries, the parent of Tommy Bahamas, revised higher fourth quarter sales outlook. Ollie's Bargain said comparable sales increased 1.9%. Rent the Runway gross margin improved in the third quarter.
Toll Brothers earnings rose and home sales advanced despite rising mortgage rates and home prices. Dave Buster's earnings dropped. Thor Industries quarterly earnings fell on higher costs.
Activision Blizzard jumped on the news that Microsoft is preparing to fight the antitrust lawsuit preventing the acquisition. VF Corp plunged after the CEO resigned unexpectedly.
Deere & Company latest quarter results were ahead of expectations. Guess Inc struggled with changing retail environment. Manchester United soared on potential sale of the company.
Palo Alto lifted its outlook for the fiscal year and reported strong growth for its cybersecurity platform. Foot Locker and Ross Stores sounded optimistic for holiday sales.
Macy's revised its annual outlook higher. Bath & Body Works exceed earnings guidance. Nvidia earnings and revenues dropped. Kohl's revenue fell and the retailer withdrew its guidance.
Target Corp said it plans to cut costs after revenues surged 40% since pandemic and said holiday sales are likely to fall short of estimates. Lowe's reiterated its annual sales outlook.
