Market Updates
Movers: Abercrombie & Fitch, Box, CrowdStrike, Foot Locker, Nordstrom
Scott Peters
06 Mar, 2024
New York City
Nordstrom plunged 9.2% to $18.87 after the department store chain reported better-than-expected results in the fiscal fourth quarter, but the company's 2024 guidance for the current year fell short of market expectations.
CrowdStrike Holdings soared 22.5% to $364.59 after the cyber security company reported better-than-expected quarterly results.
Box jumped 4.6% to $28.50 after the cloud storage company reported revenue in-line with analysts' estimates.
Foot Locker dropped 11.1% to $30.50 after the athletic footwear retailer reported a loss in its latest quarter and the company guided weaker-than-expected sales in the current year.
Abercrombie & Fitch declined 2% to $137.01 despite the apparel retailer reporting better-than-expected sales in the holiday quarter and the company's positive outlook for the current year.
Sales in the quarter ending on January 28 increased 21% to $1.45 billion from $1.2 billion, net income advanced to $158.4 million from $38.3 million, and diluted earnings per share rose to $2.97 from 75 cents a year ago.
The retailer estimated sales in the current quarter to rise by a low double-digit percentage and increase between 4% and 6% in the fiscal year.
Annual Returns
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Earnings
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