Abercrombie & Fitch Co. Plunges 27% as Guidance Disappoints
(Abercrombie & Fitch Co.) ANF dropped more than 27% on Tuesday despite reporting net sales of $813 million in the first quarter of 2021. The sales were up 4% from…
Best Buy Earnings Beats Estimates but Cuts FY23 Guidance
(Best Buy) Best Buy announced adjusted earnings per share of $1.57 in the first quarter of 2023, surpassing estimates of $1.56 per share. The earnings were below $2.23 in the…
Snap Crashes 28% After CEO Warns It May Miss Revenue and Earnings Estimates
(SEC) Snap shares declined more than 28% in premarket on Tuesday after CEO Evan Spiegel warned it might report revenue and adjusted EBITDA below the low end of previous guidance.…
Zoom Stock Jumps After Raised Guidance Following Earnings Beat in Q1 2022
(Zoom) Shares of Zoom Video Communications rose more than 6% in premarket on Tuesday after its first-quarter earnings came at $1.033 per share. Despite being lower than $1.32 per share…
XPeng Stock Crashes 7% as Q2 2022 Revenue Guidance Disappoints
(Xpeng) Shares of XPeng fell more than 7% on Monday after second-quarter revenue guidance of RMB6.8 billion to RMB7.5 billion missed estimates of RMB8.14 billion. Xpeng’s stock was also weighed…
Didi Global Shareholders Approve NYSE Delisting
(Didi) Didi Global Inc. says it will proceed with the company's plan to exit the New York Stock Exchange after 96% of shareholders favored the move in a vote. Didi…
BofA Announces $22 Per Hour Minimum Wage, Targets Hourly $25 Pay in 3 Years
(Bank of America) Bank of America has increased its minimum pay per hour to $22 from $21, effective at the end of June. The bank says the latest increment sets…
GameStop Jumps Nearly 3% After Launching a Digital Asset Wallet
(GameStop) Shares of GameStop rose almost 3% on Monday after announcing the launch of a wallet to support cryptocurrencies and NFTs. GameStop said that the digital asset wallet will let…
VMware Jumps 19% on Reports Chipmaker Broadcom Eyes a $50B Deal
(FT) Shares of software group VMware rose more than 19% in premarket on Monday on reports US chipmaker Broadcom was in talks to acquire it for $50 billion. The deal…
Deere Shares Fall 12% After Q2 2022 Sales Miss Amid Raised Guidance
(Deere) Shares of Deere & Co. plunged more than 12% on Friday after reporting net sales of $12.03 billion in the second quarter of 2022. The sales were higher than…
THG Stock Jumps 25% on Take Over Interest from Nick Candy
(Reuters) Shares of THG rose more than 25% on Friday after news emerged of buyout interest from property entrepreneur Nick Candy. The proposed offer represented a 46% premium to the…
Palo Alto Upgrades 2022 Guidance Amid Reduced Net Losses
(Palo Alto) Global cybersecurity firm Palo Alto raised its guidance for 2022, as it managed to narrow losses in the third quarter of the fiscal year. The third-quarter net loss…
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