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14 minutes ago
AutoZone rises 3% after fiscal second-quarter profit beats
AutoZone stock soared 3% early Tuesday morning after the auto parts retailer beat analyst estimates for both second-quarter profit and sales.
AutoZone reported earnings of $28.89 per share and revenue of $3.85 billion. Analysts polled by LSEG expected earnings of $26.28 and revenue of $3.84 billion.
— Lisa Kailai Han
59 minutes ago
Macy’s stock price falls due to lack of earnings
Shares of Macy’s, a major department store, fell 3.6% after the company posted poor profits in the fourth quarter.
Macy’s reported sales of $8.12 billion, below analysts’ expectations of $8.15 billion, according to LSEG. Meanwhile, the company’s adjusted earnings per share came in at $2.45, beating the consensus estimate of $1.96.
Forward guidance was also weaker than expected. Management expects full-year net sales to be in the range of $22.2 billion to $22.9 billion, compared to expectations of $22.95 billion.
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macy’s stock
1 hour ago
Lowe’s stock price rises more than profits
Lowe’s shares traded more than 1% after the home improvement giant reported better-than-expected fourth-quarter results despite fewer residential projects being taken on by customers. The company also said it expects sales to fall between $84 billion and $85 billion this year, down from $86.38 billion in fiscal 2023.
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Lowest level since the beginning of the year
4 hours ago
European stocks start slightly higher
Europe’s Stoxx 600 index opened 0.04% higher on Tuesday with sectors trading mixed.
The major exchanges rose narrowly, with Britain’s FTSE 100, France’s CAC 40 and Germany’s DAX all up about 0.1%.
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STOXX 600 index.
13 hours ago
Monthly stock price trends
With only three days left in February’s trading month, the three major indexes are on track for victory.
The Nasdaq Composite Index, which has a high proportion of high-tech stocks, led the way, jumping more than 5%. The S&P 500 composite index followed suit, rising more than 4%. The blue-chip Dow Jones Industrial Average has lagged, rising just over 2%.
— Alex Harring
13 hours ago
Stocks whose prices fluctuate significantly after hours
Below are some stocks that are making notable moves in after-hours trading.
- Zoom Video — Video conferencing stock rose 11% after a better-than-expected fourth-quarter earnings report.
- CarGurus — The online auto retailer platform fell 9% due to a lackluster outlook for the current quarter.
- Hims & Hers — The consumer-focused health platform soared 15% after revenue and guidance beat Wall Street expectations.
Please see here for the detail.
— Alex Harring
14 hours ago
S&P500 futures are almost unchanged
S&P 500 futures were nearly flat on Monday night.
Like Dow futures, futures tied to the broader index fell 0.1%. Nasdaq 100 futures fell 0.2%.
— Alex Harring
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