News Formal

Companies Making Headlines in Midday Trading

  • 📰 CNBC
  • ⏱ Reading Time:
  • 69 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 72%

BUSINESS Notizia

MARKET,STOCK,TECHNOLOGY

Nvidia's shares rebound after a brief dip, while General Mills faces a weaker outlook and Jabil surpasses Wall Street expectations. Heico sees revenue fall short, Ollie's Bargain Outlet hits a 52-week high, and Xometry enjoys a boost from JPMorgan. Birkenstock and Rivian also experience trading shifts.

Nvidia shares popped more than 4%, reversing earlier week-to-date losses that pushed the stock briefly into correction territory. Shares have surged more than 175% since the start of 2024. General Mills — The consumer products maker slid 2.6% after telling investors to expect a weaker outlook than previously expected. General Mills said adjusted earnings per share should pull back by between 3% and 1%, despite an earlier range of between a loss of 1% and gain of 1%.

Jabil — The electronics components stock surged 9.5% after earnings and guidance surpassed Wall Street expectations. Jabil posted $2 in core earnings per share on $6.99 billion in revenue for the first quarter, while analysts surveyed by FactSet anticipated just $1.88 a share and $6.61 billion. Heico — The aerospace stock tumbled 10% on weaker-than-expected revenue. Heico reported $1.01 billion, just shy of the $1.03 billion consensus forecast from analysts, according to FactSet. Ollie's Bargain Outlet — The retail stock added 2.4% and hit a 52-week high following a double upgrade at Citi to buy from sell. The bank called Ollie's the 'king of closeouts' and believes the company is well-positioned to win in the uncertain retail landscape. Xometry – Shares gained more than 7% after JPMorgan upgraded the artificial intelligence-powered industrial marketplace to overweight from neutral . The investment bank said it's one of the 'best secular growth stories across our coverage universe' for the next three to five years. Birkenstock — The shoe maker jumped 4.5% on the back of better-than-anticipated earnings and revenue for the fourth fiscal quarter. Adjusted earnings before interest, taxes, depreciation and amortization also exceeded expectations. Rivian — The electric vehicle stock shed 4% following a downgrade to neutral from outperform at Bair

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stocks making the biggest moves midday: Reddit, Super Micro Computer, Intuit and moreThese are the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Stocks making the biggest moves midday: Broadcom, GE Vernova, Stitch Fix, GameStop & moreThese are the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Stocks making the biggest moves midday: Lululemon, Hewlett Packard Enterprise, Rubrik, AMC Entertainment and moreThese are the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Stocks making the biggest moves midday: Bath & Body Works, Robinhood, Macy's and moreThese are some of the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Stocks making the biggest moves midday: ServiceTitan, Adobe, Warner Bros. Discovery, Riot Platforms and moreThese are the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Stocks making the biggest moves midday: Tesla, Broadcom, Upstart, Penn Entertainment, RH and moreThese are the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »