Twitter, Macy’s, Nvidia, Lululemon and more
Lululemon’s sign is displayed at Woodbury Commons Premium Outlets, Central Valley, New York on November 17, 2019,
Corbis News – Getty Images| Corbis News | Getty Images
These are the headline-grabbing companies that made news in trading on Thursday afternoon.
Macy’s — Shares jumped 17.8% after the department store chain reported better-than-expected quarterly resultsThe company also increased its profit guidance. Macy’s received a boost in shoppers buying apparel and other products despite the rising price.
Twitter — Twitter shares jumped more than 5% after Elon Musk increased his commitment in his takeover bid to $33.5 billion. Analysts say the move was a good one. indicates a new seriousness by the Tesla CEO and increased probability that he’ll complete the deal, which has been mired in controversy since Musk proposed it in May.
Nvidia — The chipmaker’s stock gained 5.6% after falling earlier in the session. The stock gained 5.6% after falling earlier in the session. Nvidia issued weaker-than-expected guidanceIt also stated that it will slow down hiring for the current quarter.
Broadcom — Broadcom’s stock gained 4.2% after the semiconductor company shared its plan to buy VMware in a $61 billionCash and stock transaction. This acquisition will be one of the most significant technology transactions in history.
Dollar Tree — The discount retailer soared 22.3% after posting quarterly earnings and revenue that beat analyst expectations. Dollar Tree earned $2.37 per share on $6.9 billion in revenue. Refinitiv reports that analysts anticipated earning $2.00 per share on revenue of $6.76 billion.
Alibaba — Alibaba shares surged 14.8% following the release of better-than-expected results for the previous quarter. CNY7.95 per Share, including items, was the Chinese giant of ecommerce. It reported earnings for its fourth quarter of fiscal 2015 on CNY204.05 Billion in revenues. StreetAccount reported that analysts expected CNY7.31 earnings on CNY199.25 trillion in revenue.
Dollar General – The discount retailer’s shares rallied more than 14% on the back of stronger-than-forecast quarterly figures. Dollar General’s first quarter earnings were $2.41 per share, on revenues of $8.75 trillion. According to Refinitiv, analysts had predicted a profit at $2.31 per share for revenue of $8.7billion.
Williams-Sonoma — The home furnishing retailer bounced 14.1% following a beat on revenue and earnings for the previous quarter. Williams-Sonoma has also reiterated its outlook for the year.
Nutanix — The cloud company tumbled 21.9% after issuing weak guidance. Nutanix stated that supply chain issues have been affecting hardware partners and it was facing them.
MedtronicAfter a disappointing fiscal fourth quarter report, shares of Medtronic fell by more than 4 percent. Medtronic earned $1.52 per share in adjusted earnings on revenue of $8.09 trillion. Refinitiv analysts polled expected to earn $1.56 per Share and generate $8.43 billion. Medtronic reported that the quarter was impacted by supply chain issues.
— CNBC’s Tanaya Macheel, Hannah Miao, Sarah Min and Jesse Pound contributed reporting