Nvidia’s stock fell 3% following a report from The Information that Meta Platforms is considering a multi-billion dollar investment in Alphabet’s artificial intelligence chips. The news boosted shares of both Alphabet and Broadcom, which rose 4%.
Shares of Kohl’s surged 23% after the department store reported better-than-expected third-quarter results. The company posted adjusted earnings of 10 cents per share, significantly outperforming the 20-cent loss anticipated by LSEG analysts. Revenue also surpassed estimates, coming in at $3.41 billion against a forecast of $3.32 billion.
Robotics firm Symbotic saw its stock rally 15% after reporting fiscal fourth-quarter revenue of $618 million, exceeding the $604 million consensus estimate from LSEG.
Keysight Technologies shares climbed 14% on the back of strong fiscal fourth-quarter earnings. The electronics company reported earnings of $1.92 per share, ahead of the $1.83 FactSet consensus. The rally was further supported by the announcement of a new $1.5 billion share repurchase program.
Pony AI’s stock jumped 13% after the artificial intelligence firm announced strong third-quarter financial results and plans to expand its robotaxi fleet in China.
Amentum Holdings gained 11% after the engineering and technology firm surpassed fourth-quarter expectations. Revenue reached $3.93 billion, beating the FactSet consensus of $3.61 billion, while adjusted earnings of 63 cents per share also exceeded the 59 cents anticipated.
Fluence Energy shares increased 11% after the battery storage company’s fiscal fourth-quarter adjusted EBITDA surpassed analyst estimates. The company also reported a growing order backlog, which reached $5.3 billion as of September 30, and issued its first-ever guidance for the upcoming fiscal year.
Zeta Global, a marketing cloud company, saw its shares rise 6% after it raised its revenue guidance for the fourth quarter.
Zoom Communications gained 5% after reporting third-quarter results that beat expectations. The video conferencing firm posted adjusted earnings of $1.52 per share on $1.23 billion in revenue, compared to LSEG analyst forecasts of $1.44 per share on $1.21 billion. The company’s earnings guidance for the fourth quarter also came in above estimates.
Brinker International, the parent company of Chili’s, saw its shares jump nearly 4% following an upgrade from Citi to “buy” from “neutral.” The firm cited easing pressure on the company’s beef outlook due to falling tariffs in Brazil.
Shares of Applied Materials rose 2% after UBS upgraded the chip equipment maker to “buy” from “neutral.” The bank highlighted the company as a primary beneficiary of a surge in DRAM spending.
Alibaba’s stock climbed 2% after the e-commerce giant reported stronger-than-expected second-quarter results, driven by a 34% increase in cloud sales.
Agilent Technologies dipped 2% despite posting fourth-quarter results that surpassed analyst expectations. The life sciences company reported adjusted earnings of $1.59 per share on $1.86 billion in revenue, while LSEG analysts had forecast $1.58 per share on $1.83 billion in revenue.
Estee Lauder shares fell nearly 3% after Rothschild downgraded the stock to “sell” from “neutral.” Analysts expressed concern that deeper investment is required to support its sales growth, potentially putting the company’s margin recovery at risk.
Burlington shares dropped 5% following the release of mixed third-quarter results. While the off-price retailer’s adjusted earnings of $1.80 per share beat the FactSet consensus of $1.64, its revenue of $2.71 billion fell just short of the $2.72 billion expected by analysts.
Dick’s Sporting Goods saw its shares decline by almost 9% after announcing restructuring plans and issuing a weak forecast. The company expects a mid- to high-single-digit drop in comparable sales for the current quarter, an outlook that overshadowed its third-quarter earnings and revenue beat.
Source link
