Stocks making the biggest moves after hours: Nordstrom, Urban Outfitters and Intuit

Stocks making the biggest moves after hours: Nordstrom, Urban Outfitters and Intuit


A Nordstrom store in Irvine, California.

Scott Mlyn | CNBC

Check out the companies making headlines after hours.

Nordstrom — Shares jumped 7% after the retailer surpassed earnings expectations and raised its full-year outlook. Nordstrom CEO Erik Nordstrom said the company has experienced a surge in demand from shoppers refreshing their closets for “long-awaited occasions.”

Urban Outfitters — Shares initially dropped 1.7% after the retailer reported an earnings miss. Urban Outfitters’ CEO said rising costs offset revenues. The company earned 33 cents per share on revenues of $1.05 billion, according to FactSet. Analysts polled by Refinitiv were expecting earnings of 42 cents per share on revenues of $1.068 billion.

Intuit — Shares popped 3% after the financial software company topped earnings expectations. Intuit reported revenues of $5.6 billion, as compared with consensus estimates of $5.514 billion from Refinitiv.



Source

Stocks making the biggest moves midday: Tesla, Mobileye Global, Darden Restaurants and more
Finance

Stocks making the biggest moves midday: Tesla, Mobileye Global, Darden Restaurants and more

Check out the companies making headlines in midday trading: Tech stocks — Key tech names rallied a day after the Federal Reserve’s supersized rate cut decision. Tesla and Meta jumped around 7% and 4%, respectively, while chip darlings Nvidia and ASML each advanced more than 5%. Edgewise Therapeutics — Shares skyrocketed more than 54% after […]

Read More
Stocks making the biggest moves premarket: Darden Restaurants, Nvidia, DoorDash, Coursera and more
Finance

Stocks making the biggest moves premarket: Darden Restaurants, Nvidia, DoorDash, Coursera and more

Check out the companies making headlines before the bell. Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. NextEra Energy […]

Read More
What buying Commerzbank would mean for UniCredit — and the banking sector
Finance

What buying Commerzbank would mean for UniCredit — and the banking sector

Key Points Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. UniCredit continues to surprise markets with some stellar quarterly profit beats. It earned 8.6 billion euros last year (up 54% year-on-year), also pleasing investors via share buybacks and dividends. Analysts are hoping […]

Read More