Macy's Reports; Palo Alto Drops; GameStop Historic Profit

Medtronic Gains, Pal Alto Networks Down, Ulta Beauty Slips as Outlook Implies Softer Year Ahead

On this episode of Stock Movers: - Medtronic (MDT) shares gain. The medical devices maker reported revenue for the fourth quarter that surpassed expectations. Analysts noted that the 2027 adjusted earnings per share guidance will be in focus during the earnings call. - Pal Alto (PANW) shares are down. The security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations. - Ulta (ULTA) shares slip as analysts note the retailer’s annual guidance implies the outlook for the back half of the year is weaker than expected. Analyst Michael Baker says that with Ulta stock down 18% year to date and trading 17% below its five year average on a relative P/E basis, it wasn’t priced to be a perfect quarter. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Macy's Earnings; GameStop Climbs; Palo Alto Slides

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Macy's (M) shares are on the move after it lifted its sales outlook for the year, a sign that the company’s focus on growing its luxury business and improving its assortment is paying off. - GameStop (GME) shares are climbing after the video-game retailer reported a record quarterly profit driven by its collectibles business. Sales overall climbed 14% to $835.3 million. Net income of $389.6 million was the highest ever for a quarter in the company’s history, GameStop said in a regulatory filing Tuesday. - Palo Alto (PANW) shares are dropping as the security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Macy's Reports; Palo Alto Drops; GameStop Historic Profit

On this episode of Stock Movers: - Macy's (M) shares are on the move after it lifted its sales outlook for the year, a sign that the company’s focus on growing its luxury business and improving its assortment is paying off. - Palo Alto (PANW) shares are dropping as the security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations. - GameStop (GME) shares are climbing after the video-game retailer reported a record quarterly profit driven by its collectibles business. Sales overall climbed 14% to $835.3 million. Net income of $389.6 million was the highest ever for a quarter in the company’s history, GameStop said in a regulatory filing Tuesday. - Gitlab (GTLB) shares are declining as Barclays said the software company’s outlook raised questions about future upside. The company also said it is cutting about 14% of its workforce and exiting 22 countries as part of a restructuring. - Marvell Technologies (MRVL) continue to surge the most in 26 years after Nvidia Corp.’s Jensen Huang predicted that the semiconductor and networking company would be the next business to hit a $1 trillion valuation. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Akzo Nobel Plunges, Inditex Up, B&M Cuts

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Nippon Paint Holdings and Sherwin-Williams ended their effort to buy Akzo Nobel NV, leaving the Dutch paintmaker to proceed with its planned merger with US firm Axalta Coating Systems Ltd. - Inditex’s sales growth picked up at the start of its second quarter, boosting confidence in the Zara owner’s resilience in the face of weakening consumer spending. - B&M European Value Retail Plc decreased its semi-annual final dividend to 6.10 pence per share from the previous final dividend of 9.70 pence per share. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Akzo Nobel Plunges, Inditex Up, B&M Cuts

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Nippon Paint Holdings and Sherwin-Williams ended their effort to buy Akzo Nobel NV, leaving the Dutch paintmaker to proceed with its planned merger with US firm Axalta Coating Systems Ltd. - Inditex’s sales growth picked up at the start of its second quarter, boosting confidence in the Zara owner’s resilience in the face of weakening consumer spending. - B&M European Value Retail Plc decreased its semi-annual final dividend to 6.10 pence per share from the previous final dividend of 9.70 pence per share. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.