The Macy’s Inc. logo is displayed on a monitor at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, February 22, 2016.
Michael Nagle | Bloomberg | fake images
Check out the companies that are in the headlines for midday trades.
Macy’s – The retail giant saw its shares rise 19.6% after reporting quarterly earnings and revenues that exceed analyst estimates. Macy’s reported an increase in comparable store sales, raised its annual sales forecast and also announced a share buyback and the resetting of its dividend.
Kohl’s – Kohl’s shares rose 7.3% after the retailer posted quarterly results beating analysts’ forecasts. Kohl’s reported adjusted quarterly earnings of $ 2.48 per share, well above the consensus estimate of $ 1.21, according to Refinitiv. The company said higher foot traffic boosted sales in the second quarter and also raised its forecast for the full year.
Nvidia – Nvidia shares gained nearly 4% after those of the chip giant. quarterly earnings and revenue topped Wall Street estimates amid strong graphics card sales. Nvidia reported its results on Wednesday.
Robin Hood – Retail app shares fell 10.3% after reporting quarterly results Wednesday for the first time as a public company. The company posted a 131% increase in quarterly revenue during the second quarter, compared to the same period last year. However, analysts are concerned about the amount of meme-based crypto. dogecoin accounts for trading activity as well as Robinhood’s warning of a slowdown in third-quarter business activity.
Petco – Petco shares rose 3.6% after the pet products retailer posted adjusted quarterly earnings of 25 cents a share, 5 cents more than expected, according to Refiniv. The company also raised its earnings and revenue outlook for the full year.
BJ Wholesale – Retail warehouse inventories increased 4% after the company beat estimates on the top and bottom lines for its latest quarter. BJ’s earned 82 cents adjusted per share during the second quarter, 17 cents above estimates, according to Refinitiv.
Cisco Systems – Cisco shares rose 3.8% after the network equipment and services company. beat quarterly earnings. Cisco reported earnings of 84 cents a share on revenue of $ 13.13 billion. Analysts had expected earnings of 82 cents a share on revenue of $ 13.03 billion, according to Refinitiv.
Bath and body work – Shares of the personal care products retailer rose 10.5% after reporting quarterly results for the first time since it changed the name to L Brands, after the spin-off from Victoria’s Secret. The company reported $ 1.7 billion in sales for the second quarter and earnings per share of $ 1.34.
Victoria’s Secret – Stock of women’s clothing fell 3.5% after reporting quarterly sales It did not meet analysts’ expectations. However, the company posted better profit margins due to tighter inventories and fewer promotions.
– CNBC’s Tanaya Macheel and Jesse Pound contributed reporting
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