Macy's Reports; Palo Alto Drops; GameStop Historic Profit

On this episode of Stock Movers:
- Macy's (M) shares are on the move after it lifted its sales outlook for the year, a sign that the company’s focus on growing its luxury business and improving its assortment is paying off.
- Palo Alto (PANW) shares are dropping as the security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations.
- GameStop (GME) shares are climbing after the video-game retailer reported a record quarterly profit driven by its collectibles business. Sales overall climbed 14% to $835.3 million. Net income of $389.6 million was the highest ever for a quarter in the company’s history, GameStop said in a regulatory filing Tuesday.
- Gitlab (GTLB) shares are declining as Barclays said the software company’s outlook raised questions about future upside. The company also said it is cutting about 14% of its workforce and exiting 22 countries as part of a restructuring.
- Marvell Technologies (MRVL) continue to surge the most in 26 years after Nvidia Corp.’s Jensen Huang predicted that the semiconductor and networking company would be the next business to hit a $1 trillion valuation.

See omnystudio.com/listener for privacy information.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(2339)

Broadcom Slides on Disappointing AI Outlook, CrowdStrike Falls, Petco Drops

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Broadcom (AVGO) shares fell in extended trading after the company delivered a disappointing forecast for artifi...

3 Juni 3min

Closing Bell: MiniMed Surges, Ulta Slips, CrowdStrike Beats Estimates

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Grei...

3 Juni 6min

Ulta Slips, GameStop Climbs, Medtronic Gains

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Ulta (ULTA) shares slid in trading as analysts note the retailer's annual guidance implies a weaker outlook tha...

3 Juni 5min

GameStop Climbs, USA Rare Earth Rises, Ulta Beauty Falls on Guidance

- GameStop (GME) shares climb. The video-game retailer reported a record quarterly profit driven by its collectibles business. Sales overall climbed 14% to $835.3 million. Net income of $389.6 million...

3 Juni 3min

Medtronic Gains, Pal Alto Networks Down, Ulta Beauty Slips as Outlook Implies Softer Year Ahead

On this episode of Stock Movers:- Medtronic (MDT) shares gain. The medical devices maker reported revenue for the fourth quarter that surpassed expectations. Analysts noted that the 2027 adjusted earn...

3 Juni 2min

Macy's Earnings; GameStop Climbs; Palo Alto Slides

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Macy's (M) shares are on the move after it lifted its sales outlook for the year, a sign that the company’s foc...

3 Juni 4min

Akzo Nobel Plunges, Inditex Up, B&M Cuts

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Nippon Paint Holdings and Sherwin-Williams ended their effort to buy Akzo Nobel NV, leaving the Dutch paintmake...

3 Juni 4min