Market Updates
U.S. Movers: American Eagle, New York Community Bancorp, Novo Nordisk, Victoria's Secret
Scott Peters
07 Mar, 2024
New York City
American Eagle jumped 11.7% to $26.20 after the specialty apparel retailer reported better-than-expected quarterly results.
The company also took on an impairment and restructuring charge of $98.3 million related to its internal logistics business, Quiet Platform, which the company put together through various acquisitions during the COVID-19 pandemic years between 2020 and 2022.
Revenue in the holiday quarter increased 12% to $1.68 billion from $1.5 billion, net income plunged to $6.3 million from $54.6 million, and diluted earnings per share dropped to 3 cents from 28 cents a year ago.
Novo Nordisk increased 6.7% to $133.22 after the Danish pharmaceutical company announced positive Phase 1 trial data for its experimental obesity drug, amycretin.
New York Community Bancorp advanced 1.1% to $3.50 after the company announced a $1 billion capital raise on Wednesday.
Victoria's Secret dropped 27.4% to $18.60 after the specialty apparel retailer reported mixed quarterly results and announced an outlook that fell short of market expectations.
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Earnings
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