Movers: Bath & Body Works, Cisco, EZCorp, Kohl's, Macy's, Nvidia

Scott Peters
17 Nov, 2022
New York City

Bath & Body Works Inc soared 21% to  $37.80 after the retailer of personal products including candles and fragrances lifted its annual estimate.

Third quarter earnings per share were 40 cents, ahead of the guidance range between 10 cents and 20 cents, but lower than 66 cents a year ago.

Cisco Systems gained 4.5% to $46.04 after the company reported better-than-expected quarterly results.

EZCorp declined 7.5% to $9.04  after the operator of pawn shops reported fiscal fourth quarter revenue increase 21% to $233.4 million from $192.4 million a year ago. 

Net income in the quarter increased to $7.3 million from $1.6 million and diluted earnings per share rose to 11 cents from 3 cents a year ago. 

Pawn loans outstanding increased 19% to a record-high of $210.0 million.

Kohl's Corporation gained 2.2% to $30.56  after the retailer withdrew its annual outlook citing macro headwinds and economic uncertainty and the recent departure of the chief executive Michelle Gass. 

Total revenue in the third quarter declined 7.2% to $4.3 billion from $4.6 billion a year ago. 

Third quarter net income plunged 60% to $97 million from $243 million and diluted earnings per share dropped to 83 cents from $1.65 a year ago. 

The company previously announced 50 cents a share dividend. 

Stock traded higher on the hopes that the chip demand will recover in the first quarter of 2023.

Macy's Inc soared 12.01% to $22.11 after the company said same store sales fell less than expected and quarterly results were ahead of expectations.

The retailer also lifted its annual outlook.

Nvidia Corporation declined 0.2% to $158.86 after the graphics chipmaker reported lower-than-expected revenue and earnings in its latest quarter.

Total revenue declined to $5.93 billion, down 17% from a year ago and down 12% from the previous quarter. 

Net income declined 72% to $680 million from $2.46 billion and diluted earnings per share dropped to 27 cents from 97 cents a year ago. 

The chip maker guided fourth quarter revenue of $6 billion with a band of 2%.