Dick’s Sporting Goods, Nordstrom, Wendy’s and more
The cars are parked at Monroe Marketplace, Pennsylvania’s Dick’s Sporting Goods shop.
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You can see the top companies in Wednesday’s midday trades.
Dick’s Sporting Goods – Shares of the sporting goods seller jumped 11%, despite the company cutting its outlook for the year, after the retailer topped earnings and revenue estimates for its fiscal first quarter. Lauren Hobart Dick, CEO of Dick said she was confident her company would be able “adapt quickly” in uncertain macroeconomic circumstances.
Express – Shares rallied 9.9% after the apparel retailer reported better-than-expected quarterly results. Express’ adjusted loss was 10 cents per shares. This is slightly less than what analysts had expected to lose 15 cents per-share, according Refinitiv. Express also raised its full year comparable-sales outlook and revenue surpassed the consensus forecast.
Wendy’s – The fast-food chain saw surged 9.9% after a filing revealedTrian is Wendy’s biggest shareholder. exploring a potential dealWith the company. Trian along with its partners own 19.4% in the company. Trian stated it is looking to make a deal that would “enhance shareholder values” and could be open for an acquisition, merger, or other forms of capital.
Dell Technologies – Shares gained more than 4% after Evercore added the PC maker to its “Tactical Outperform” list. On Thursday, Dell will report its earnings.
Nordstrom – Shares of the department store soared 11% after the company reportedThe fiscal quarter’s first-quarter results were better than analysts expected. Nordstrom also raised its outlook for full year due to momentum within the business.
Intuit – Shares jumped more than 7% after the tax software company topped earnings expectations and raised its outlookFor the current quarter. Intuit was also helped by strong performance from Credit Karma and other brands.
Toll Brothers – Shares of the homebuilder popped 5.7% after Toll Brothers beat expectations for its fiscal second quarter. Earnings per share were $1.85 on sales of $2.19billion. Refinitiv surveyed analysts and found that they expected $1.54 to $0.06 billion in earnings per share. Douglas Yearley, Toll’s CEO, said that while demand has cooled over the past month it is still healthy for the long-term.
Urban Outfitters – Urban Outfitters rallied 12.4% despite a weaker-than-expected first-quarter report. Urban Outfitters, like other retailers, highlighted the negative effects of inflation on their operations. This included higher raw material and transport costs.
Diamondback Energy — The energy stock rose 3.1% after Barclays upgradedDiamondback is now overweight, but not equal in weight. Barclays stated that it expects to see “increasing cash return” for Diamondback during the second half.
— CNBC’s Jesse Pound, Yun Li, Tanaya Macheel and Sarah Min contributed reporting