Twitter, Macy’s, Nvidia, Lululemon and more
A Lululemon sign hangs in front of their store at Woodbury Commons Premium Outlets on November 17, 2019 in Central Valley, New York.
Gary Hershorn | Corbis News | Getty Images
Check out the companies making headlines in Thursday’s midday trading.
by Macy – Shares rose 17.8% after the department store chain reported better-than-expected quarterly results and increased its profit guide. Macy’s has received a boost from shoppers who are buying clothing and other goods regardless of the price hike.
Twitter – Twitter shares rose more than 5% after Elon Musk increased his commitment in its takeover bid for $ 33.5 billion. Analysts said the move indicates a new seriousness from Tesla’s CEO and a greater likelihood that he will complete the deal, which has been the subject of controversy since Musk proposed it in May.
Broadcom – Broadcom shares gained 4.2% after a semiconductor company shared its plan to purchase VMware for $ 61 billion deal in cash and shares. The acquisition would mark one of the largest technology deals in history.
Dollar tree – The discount was up 22.3% after posting quarterly earnings and revenues that exceeded analysts’ expectations. Dollar Tree posted earnings per share of $ 2.37 on revenue of $ 6.9 billion. Analysts have expected earnings of $ 2.00 per share on $ 6.76 billion in revenue, according to Refinitiv.
Alibaba – Alibaba shares were up 14.8% after releasing better-than-expected results for the previous quarter. The Chinese e-commerce giant reported a fourth quarter fiscal profit of CNY 7.95 per share, excluding items, on revenues of CNY 204.05 billion. Analysts had expected earnings of CNY7.31 a share on CNY199.25 billion in revenue, according to StreetAccount.
dollar general Shares of the discounter were up more than 14% on stronger-than-expected quarterly data. Dollar General posted first quarter earnings of $ 2.41 per share on revenue of $ 8.75 billion. Analysts had expected a profit of $ 2.31 per share on revenue of $ 8.7 billion, according to the consensus of Refinitiv.
Williams Sonoma – The home furnishings retailer rebounded 14.1% after a decline in revenue and earnings in the previous quarter. Williams-Sonoma also reiterated his lead for the year.
Nutanix – Cloud company plummeted 21.9% after issuing weak driving. Nutanix also said it is addressing supply chain issues affecting hardware partners.
Medtronic Shares of the medical device fell more than 4% after a weaker-than-expected ratio for the fiscal fourth quarter. Medtronic reported $ 1.52 adjusted earnings per share on $ 8.09 billion in revenue. Analysts interviewed by Refinitiv were expecting $ 1.56 per share and $ 8.43 billion in revenue. Medtronic said supply chain problems weighed on quarterly results.
– Tanaya Macheel, Hannah Miao, Sarah Min and Jesse Pound of CNBC contributed to the report