— The meme stock dropped more than 8% after AMC posted a greater-than-forecast loss of 26 cents per share in its latest quarter, compared to the 21 cent per share loss expected by analysts surveyed by Refinitiv. Otherwise, AMC reported a revenue beat of $991 million, more than consensus estimates of $978 million.— HP gained 2.7% in early market trading after reporting first-quarter earnings on Tuesday.
The technology company forecasted higher earnings per share for the second quarter, and also maintained its full-year earnings target on expectations that China's rollback of Covid restrictions will aid in demand recovery.— The home improvement retailer's fiscal fourth-quarter sales fell short of Wall Street's expectations, with revenue coming in at $22.45 billion versus the $22.69 billion expected, per Refinitiv. However, adjusted earnings per share of $2.28 topped a forecast of $2.
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