Check out the companies making headlines in midday trading. American Eagle Outfitters – The stock fell 14% after the apparel retailer missed revenue expectations for the third quarter and provided weak holiday guidance. The company anticipates that comparable sales will rise 1% and total sales will decline 4%. Analysts were expecting comparable sales growth of 2.2%, according to StreetAccount.
consensus forecasts called for 17 cents per share in earnings and $799 million in revenue. Dollar General – Shares pulled back more than 3%. The discount retailer lowered the top end of its full-year earnings guidance, and now forecasts a range of $5.50 to $5.90 per share. That's compared to a prior outlook that called for $5.50 per share to $6.20, and an estimate of $5.82 per share from analysts polled by FactSet.
. On the other hand, revenues beat the Street's expectations. AeroVironment – The stock moved 13% lower after the manufacturer of uncrewed aircraft systems provided a weak forecast for the full year. For the full year, AeroVironment expects revenue to come in between $790 million and $820 million, lower than the consensus estimate of $828 million, per
. The company also forecasted disappointing adjusted earnings for the full year, anticipating between $3.18 and $3.49 per share versus the consensus estimate of $3.49 per share. ChargePoint Holdings – Shares of the electric vehicle charging station operator surged 17% after reporting third-quarter revenue of $99.6 million, while analysts polled by FactSet had anticipated revenue of $89.8 million. Synopsys – The semiconductor stock tumbled 10%.
sought $3.53 per share. Signet Jewelers – Shares fell more than 11% after the jewelry retailer trimmed its outlook for the full year. Signet now sees adjusted earnings coming in at $9.62 to $10.08 per share, compared to earlier guidance of $9.90 to $11.52 per share. The forecast also missed analysts' estimate for $10.59 a share, per FactSet. Verint Systems – The stock surged almost 25% after the company posted better-than-expected adjusted earnings and revenue for the third quarter.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: NBCLA - 🏆 319. / 59 Read more »