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

Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show
Finance

Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show

watch now VIDEO1:4501:45 Fed: Committee well-positioned to wait for more clarity on inflation and economic outlooks Power Lunch Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary with interest rate policy, minutes released Wednesday show. The summary of the May 6-7 meeting of the […]

Read More
Stocks making the biggest moves midday: Abercrombie & Fitch, Okta, Vail Resorts, GameStop and more
Finance

Stocks making the biggest moves midday: Abercrombie & Fitch, Okta, Vail Resorts, GameStop and more

Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares of the retailer climbed 19% after Abercrombie & Fitch’s first-quarter earnings and revenue topped Street estimates, led by results at Hollister. Investors looked past A & F cutting its profit guidance and operating margin forecast due to tariffs, which the company […]

Read More
Stocks making the biggest moves premarket: Macy’s, GameStop, Dick’s Sporting Goods, Joby Aviation and more
Finance

Stocks making the biggest moves premarket: Macy’s, GameStop, Dick’s Sporting Goods, Joby Aviation and more

Check out the companies making headlines in premarket trading. Macy’s — The department store added more than 2% after the company reported earnings that beat estimates . Macy’s also slashed its profit outlook as a result of higher tariffs and more aggressive company promotions. Okta — The identity management software firm pulled back about 10% […]

Read More