Check out the companies making headlines in midday trading. Micron Technology , chip stocks — Shares surged nearly 13% after the memory chipmaker issued strong guidance as the rise of AI heightens demand for its products. Other chip stocks rose alongside, with Applied Materials , ASML Holding and Lam Research last up about 4% each.
62 billion in revenue, falling short of FactSet estimates. CarMax — The used car retailer jumped nearly 6% after topping sales estimates for the fiscal second quarter. The company also reported a 5.1% increase in retail used unit sales. Jabil — The manufacturing solutions provider saw shares jump more than 11% after the company reported stronger-than-expected quarterly earnings and revenue. Jabil posted earnings per share of $2.30, beating a FactSet estimate of $2.22 per share. Revenue of $6.
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:
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.
Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves after hours: Micron Technology, H.B. Fuller and moreSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves premarket: Micron Technology, Starbucks, CarMax and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors.
Source: ksatnews - 🏆 442. / 53 Read more »
Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors. U.S. futures fell, while oil prices were higher. The S&P 500 fell 0.2% Wednesday, following a 2.1% drop a day earlier. The Nasdaq composite dropped 0.3%. The Dow managed a gain of 38 points, or 0.1%.
Source: AP - 🏆 728. / 51 Read more »