Market Updates
U.S. Movers: Broadcom, Costco Wholesale, Gap, Marvell Technology
Scott Peters
08 Mar, 2024
New York City
Broadcom declined 0.4% to $1,402.0 after the advanced chipmaker reported better-than-expected quarterly results and estimated revenue in the current quarter in line with market expectations.
Marvell Technology decreased 4.2% to $81.50 after the semiconductor company reported mixed quarterly results and issued a lighter-than-expected revenue and adjusted earnings outlook for the current quarter.
Costco Wholesale declined 3.8% to $761.41 after the membership retailer reported weaker than expected revenue in its latest quarter.
Gap Inc. increased 9.5% to $21.17 after the apparel retailer reported better-than-expected holiday quarter sales of $4.3 billion and earnings per share of 49 cents.
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Earnings
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