Check out the companies making the biggest moves in premarket trading: CarMax — Shares sank 9% after the used-car retailer reported an earnings and revenue miss for its fourth quarter. CarMax’s earnings came in at 32 cents per share, versus the 49 cents expected from analysts polled by LSEG. Revenue was $5.63 billion, below the … Read more
Check out the companies making headlines in midday trading. Deckers Outdoor — Shares lost 6.9% after Truist downgraded the footwear company to hold over concerns that demand for core products is declining, noting softened direct-to-consumer trends for Hoka in February. Cava — Shares jumped 4.4% after Argus upgraded the Mediterranean food chain to buy from … Read more
Check out the companies making headlines in premarket trading. Nvidia — Stock in the chipmaker slipped less than 1% before the opening bell, but the artificial intelligence play and “Magnificent Seven” leader officially entered correction territory on Tuesday. Shares have fallen 10% from an all-time closing high of $950 per share on March 25. Alibaba … Read more
Check out the companies making headlines in midday trading. Apple — Apple dropped about 3%. Counterpoint Research said that iPhone sales in China sank 24% during the first six weeks of 2024 versus the same period a year ago. Target — Target surged nearly 12% after the retailer topped Wall Street’s fourth-quarter estimates . The … Read more
Check out the companies making the biggest moves in premarket trading: Target — Shares of the retailer jumped nearly 8% after a stronger-than-expected fourth-quarter report. Target generated $2.98 in earnings per share on $31.92 billion of revenue. Analysts surveyed by LSEG were looking for Target to earn $2.42 per share on $31.83 billion of revenue. … Read more
Check out the companies making headlines in midday trading. Cisco Systems — The tech company’s shares dropped 2.4% after it posted declining fiscal second-quarter revenue. Cisco also issued a lighter-than-expected forecast for the third quarter and announced a downsizing plan that would lead to a 5% reduction in jobs . Twilio — The cloud communications … Read more