CrowdStrike Slips After Results, Best Buy Rises, Target Climbs
Stock Movers3 Mars

CrowdStrike Slips After Results, Best Buy Rises, Target Climbs

Today’s biggest winners and losers in the stock market.

On this episode of Stock Movers:

-CrowdStrike (CRWD) shares slipped in extended trading after the security software company reported fourth-quarter results that were in line with expectations. It also gave forecasts for both the first quarter and the full year.

-Best Buy (BBY) shares advanced after reporting profit for the holiday-shopping season that was better than expected. Its revenue forecast for this year also met Wall Street estimates, giving investors confidence that the electronics chain won’t take a step backward. Adjusted earnings per share last quarter were $2.61, topping the average analyst estimate by 15 cents. Comparable sales trailed Wall Street projections. The company also boosted its dividend. Shares of the retailer rose as much as 7%. The stock had fallen 8% this year, compared with the S&P 500 Index being little changed.

- Target (TGT) forecast better-than-expected profit for the full year, indicating the big-box retailer’s turnaround plans are starting to generate results. Adjusted earnings per share are projected in a range of $7.50 to $8.50 in the current fiscal year, the company said in a statement on Tuesday. The midpoint is above the average of estimates compiled by Bloomberg. It was one of the few stocks to close higher today in a broader market selloff.

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