News Formal

Stocks making the biggest moves before the bell: Alibaba, Lyft, Walgreens and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Alibaba shares jumped after the e-commerce giant said it would split its company into six separate business groups.

— Shares of the apparel company jumped more than 12% following a better-than-expected fourth quarter report. PVH generated $2.38 in adjusted earnings per share on $2.49 billion of revenue. Analysts surveyed by Refinitiv were expecting $1.67 in earnings per share on $2.37 billion of revenue.

Revenue from the Tommy Hilfiger and Calvin Klein brands grew by 3% each, and PVH's revenue guidance also topped expectations.— Shares gained 5% after Citi upgraded the Brazilian payment stock to buy on the back of fourth-quarter earnings. While the firm said the earnings report was largely unsurprising and the company was still in "rough waters," shares were more attractive following a bout of underperformance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alibaba's and Lyft's stocks surge, Tommy Hilfiger parent PVH shares rally and other stocks on the moveAlibaba’s and Lyft’s stocks surge, Tommy Hilfiger parent PVH shares rally and other stocks on the move
Source: MarketWatch - 🏆 3. / 97 Read more »