November 26, 2022

Chewy, Lululemon, Beyond Meat, Peloton & many more

Check out the companies that make headlines before:

Chew (CHWY) – Shares of online pet sellers fell 10% in the primary market, reporting a broader quarterly loss than expected. Sales were in line with street forecasts, but profits were hit by higher costs for labor and supply chain issues.

Lululemon (LULU) – Athlete apparel maker’s quarterly profit adjusted to $ 1.62 per share, 21 cents higher than estimates, slightly above earnings estimates. However, Lululeman warned that viral concerns could lead to the closure of makeshift stores and further supply chain problems, which could affect demand for the new Covit-19 variant of “Atleaser” clothing. Shares fell 1.5% on freemarket activity.

Broadcom (AVGO) – Chip maker shares rose nearly 7% in freemarket trading after beating street forecasts on the top and bottom lines in its most recent quarter. Broadcom adjusted to $ 7.81 a share, 7 cents higher than estimates, and released an encouraging forecast for continued high demand from its cloud computing customers.

Costco (Cost) – The warehouse retailer earned $ 2.98 per share in its most recent quarter, topping the street forecasts, compared to the consensus estimate of $ 2.64. Despite the high costs and supply chain issues, Pete came in, and Costco said it could drastically reduce it. Costco rose 1.8% in the primary market.

Oracle (ORCL) – Oracle shares rose 12% in the primary market, after a quarterly sale and earnings rating, the business software company announced a $ 10 billion increase in its share repurchase plan. Oracle adjusted $ 1.21 per share, 10 cents higher than expected, with specific strength for its cloud infrastructure business.

Beyond meat (BYND) – Restaurant chain Taco Bell has dropped plans to test the plant-based Carnegie Asada at Meet. According to a Bloomberg report. Taco Bell is said to be dissatisfied with the models it received in October, although companies continue to work on new products. Beyond meat in the freemarket trade fell 1.6%.

C3Ai (AI) – The share of artificial intelligence software company rose 20% on the freemarket after winning a $ 500 million contract from the U.S. Department of Defense for the packaging of its AI products.

American External Brands (AOUT) – External products maker reported a revised quarterly profit of 58 cents per share, which is 76 cents lower than the consensus estimate and lower than analyst forecasts. The company said sales were lower because it changed customer buying times in the previous quarter to reduce supply chain concerns. U.S. external shares fell 19% on freemarket activity.

Vail Resorts (MTN) – The resort operator lost $ 3.44 per share in its most recent quarter, smaller than the $ 3.62 loss expected by analysts, thanks to improvements in season pass sales. However, revenue was lower than estimated.

Pelodon (PTON) – Shares of fitness equipment maker lost 3.5% in the primary market after Credit Suisse downgraded its shares from “excellent” to “neutral”. The company noted several upside to Peloton, including a return to fitness outside the home and a shift in consumer spending.

AMC Entertainment (AMC) – Shares of the cinema theater operator fell 1% in freemarket trading after SEC filed a lawsuit alleging that CEO Adam Aaron sold 312,500 shares and CFO Sean Goodman sold 18,000 shares. Aaron noted in November that he would soon begin selling shares as part of his estate planning.