Market Updates
U.S. Movers: Five Below, Hooker Furnishings, lululemon, Nvidia, Robinhood Markets
Scott Peters
06 Jun, 2024
New York City
Lululemon Athletica jumped 3.8% to $319.99 after the athletic apparel retailer reported higher than expected first quarter earnings and sales.
Five Below declined 15.3% to $112.43 after the discount retailer estimated weaker-than-expected revenue in the current quarter.
Nvidia Corp. advanced 0.9% to $1,234.28 after the company at the center of the artificial intelligence boom extended this year's gains to over 150% and a one-year surge to over 216%.
Robinhood Markets increased 3.5% to $22.36 after the online trading company agreed to acquire crypto exchange Bitstamp for $200 million.
Hooker Furnishings declined 8% to $16.08 after the furniture maker and retailer reported a decline in revenue of 28% and net income swung to a loss.
Revenue in the first quarter declined to $93.5 million from $121.8 million, net income swung to a loss of $4.0 million from a profit of $1.5 million, and diluted earnings per share were a loss of 39 cents compared to a profit of 13 cents a year ago.
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