Check out the companies making the biggest moves midday: Amazon — The e-commerce behemoth slipped 2.4% after CNBC's David Faber reported founder and Executive chair Jeff Bezos is expected to be "aggressive" in selling more shares of Amazon. The total sale could amount to more than $1 billion, sources...
Check out the companies making headlines in premarket trading. Lowe's — The home-improvement retailer dropped 3.9% after cutting its sales outlook for the full year. Lowe's also missed analyst expectations for revenue in the third quarter, as sales slid 13% year over year. Dick's Sporting Goods — The athletic...
Check out the companies making headlines in midday trading. Zoom Video Communications — The software stock added nearly 2% ahead of its third-quarter earnings due after market close. Analysts polled by FactSet expect $1.08 per share in earnings and revenue of $1.12 billion for the quarterly period, compared to...
Check out the companies making the biggest moves in premarket trading: Boeing — The aerospace stock added 1.5% following an upgrade to buy from hold by Deutsche Bank. The bank noted Boeing's acceleration of aircraft deliveries and said it believes this improved performance can be sustained. Microsoft — Shares...
Check out the companies making headlines in midday trading. Gap — The apparel retailer saw shares surge 30% after it posted fiscal third-quarter results late Thursday that beat Wall Street's estimates due to strong sales at Old Navy and improvements at its namesake banner. Adjusted earnings of 59 cents...
Check out the companies making headlines in premarket trading. Alibaba — U.S.-listed shares of the Chinese e-commerce giant slipped 3.2%, adding to Thursday's steep losses that were sparked by Alibaba announcing that it would no longer spin off its cloud computing business. Alibaba pointed to the U.S. export restrictions...
Check out the companies making headlines in extended trading. Applied Materials — Shares of the semiconductor company slid more than 7%. Reuters , citing people familiar, reported that Applied Materials was being probed by the Justice Department for potentially dodging export restrictions on Chinese chip company SMIC. Gap —...
Check out the companies making headlines in midday trading. Sonos — The stock climbed 17% after Sonos CEO Patrick Spence said the company is entering a multiyear product cycle that will include an entry "into a new multi-billion dollar category" in the second half of fiscal 2024. Macy's —...
Check out the companies making headlines in premarket trading. Walmart — The big box retailer fell 4.7% after reporting adjusted earnings-per-share guidance for the year of $6.40 to $6.48, lighter than analysts expected. However, Walmart's adjusted earnings of $1.53 per share topped the $1.52 expected from analysts polled by...
Check out the companies making headlines in extended trading. Cisco Systems – Shares tumbled nearly 11% after the digital communications company offered worse-than-expected guidance for the current quarter and full year. That pulled attention away from a strong report for the fiscal first quarter, with Cisco beating the consensus...