Kroger, Boeing, Dollar General, etc.

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A shopper with an umbrella is Kroger Co in Louisville, Kentucky, USA on Sunday, April 26, 2020. Walk towards the grocery store.

Stacy Scott | Bloomberg | Getty Images

Check out the companies that make headlines for trading at noon on Thursday.

Kroger — Kroger’s share rose 12.5% ​​after the grocery chain posted a better-than-expected quarterly report. The company reported revenue of $ 31.86 billion and revenue of 78 cents per share. According to Refinitiv, analysts expected revenue of $ 31.23 billion and a profit of 66 cents per share.

Snowflake — Software inventories surged 14%, following stronger than expected Third quarter report.. Snowflake said it generated $ 334.4 million in revenue in the third quarter, up 110% year-on-year and surpassing Refinitiv’s forecast of $ 305.6 million. According to FactSet, the company’s product revenue guidance for the fourth quarter and 2022 also exceeded expectations.

Boeing — After Chinese aviation regulators cleared the Boeing 737 Max and returned to flight on Thursday, aircraft manufacturer shares surged by more than 5%. The model has been grounded around the world for over two years after two fatal accidents.

Signet Jeweler — Signet Jewelers Revenue report better than expected.. The company earned $ 1.43 per share, 71 cents higher than Refinitiv’s consensus forecast. However, some analysts were concerned that Signet’s growth would be unsustainable into next year.

Apple — Apple’s share fell 1.5% after Bloomberg reported that the company told some of its suppliers to Apple. Demand may be slowing For iPhone 13 model. Previously, the initial production target reduction was expected to take place in 2022, but now it may not happen.

Five Below — Retail inventories rose approximately 2% as a result of higher-than-expected quarterly earnings and sales reports. Five Below also reported an increase in same-store sales of 14.8%, breaking Refinitiv’s consensus estimate of 5.3%.

Octa — Okta’s share increased 10.2% after ID and access management companies announced quarterly results. According to Refinitiv, Okta has a loss of 7 cents per share, narrower than an analyst’s estimate of a loss of 24 cents per share. The company also released fourth-quarter guidance that surpasses the above estimates.

Land’s end — Land’s End shares fell 13.2% as earnings in the third quarter were lower than expected. The retailer generated $ 375.8 million in revenue, compared to a Street Account estimate of $ 398 million. Land’s End also released below-estimated fourth-quarter earnings and earnings guidance.

Dollar General — Dollar General shares fell 3.6%, despite the company’s higher-than-expected earnings and earnings reported in the third quarter. However, Dollar General said it expects same-store sales to decline this year.The company also revealed Scheduled to open 1,000 pop shelf stores, Targeting wealthier suburban shoppers by the end of fiscal year 2025.

Simon property group — The share of mall owners has since risen 3.1% Morgan Stanley repeated its overweight assessment In stock. The company said investors should buy Simon’s recent dip and the company will soon be able to raise dividends again.

Ford motor — Automakers’ share has risen by more than 1% after the company states that the F-series pickups are the best-selling car in the United States for 40 consecutive years and the best-selling truck in the industry for 45 consecutive years. bottom.The rally came even after the Wall Street company Wolfe Research has downgraded inventory Peer performance from outperform. Ford’s pivot to clean energy vehicles is well underway, Wolff said, with stock prices slowing in 2022. Ford’s share price has risen 127% so far.

Uber — Uber’s share was later added 5% UBS Launches Ride Sharing Stock Coverage with Purchase Rating.. The company said it liked Uber’s increased mobility and profitability.

PVH — Tommy Hilfiger’s parent company confirmed that its share price fell 5.4% after reporting lower-than-expected quarterly sales. According to Refinitv, PVH’s quarterly revenue was $ 2.33 billion, while analysts expected revenue of $ 2.41 billion.

— CNBC’s Jesse Pound, Tanaya Macheel and Yun Li contributed to the report.

Kroger, Boeing, Dollar General, etc.

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