Check out the companies making headlines for noon deals. Advance Auto Parts – Stocks surged 55% following a report that surpassed expectations from auto parts retailers. The company lost an adjusted 22 cents per share in the third quarter. This was narrower than the 82 cents per share loss expected by analysts voted by LSEG. Earlier Wall Street’s $2.5 billion forecast, revenue was $2.58 billion. Health Insurance Stocks – Stocks fell after the Centers for Medicare & Medicaid Services announced an aggressive expansion of its Medicare Advantage audit. Humana fell by more than 4.9%, while CVS Health lost over 1%. UnitedHealth is 0.2% lower. Urban Outfitters – Retailers surged 22% in revenue reports that exceeded expectations for the first quarter. Urban won revenue of $1.16 per share at $1.333 billion. Analysts surveyed by LSEG penciled in earnings per share of 84 cents and revenues of $1.29 billion. Snowflake – Data storage inventory recovered 11.4% after first-quarter revenue surpassed Wall Street’s forecast. Snowflake earned 24 cents on revenue of $1.04 billion. Analysts had expected revenues to be 21 cents per share and $10.1 billion. Sunrun – Solar stock has sunk nearly 40%. It’s one of many sectors to sell after it gets worse because of green energy jobs than the House Republican tax bill was initially feared. Solaredge and Enphase fell more than 21% and 18% respectively. Array Technologies went above 8Next%, while Nextracker and First Solar both fell by more than 4%. Analog Devices – Semiconductor manufacturers lost 3.4% despite offering bright guidance, beating expectations for the second fiscal quarter. Analog devices won $1.85 per share, but with the exception of items, with revenues of $2.64 billion, analysts voted on fact sets, predicting revenues of $1.70 per share and $2.51 billion. Pitney Bowes – Shares rose 10.2% after the delivery company announced that placement director Kurt Wolf has been appointed CEO. Wolf has retired from the role of CEO but has taken over Lance Rosensweig, who will become a consultant for the company. Seagate Technology – The data storage company won 3.8% after announcing its $5 billion share buyback plan for investors’ day. The buyback programme will take place throughout the fiscal year ending in 2028, the company said. WILLIAMS-SONMA – The stock of a high-end residential furniture retailer fell 5.1% as it disappointed the company’s guidance that overshadowed its anticipated quarterly figures. DANA – Vehicle product suppliers outperformed sector performance by popping 3.9% on the back of the upgrade by RBC. RBC called the company’s foundations “misunderstanding.” – CNBC’s Yun Li contributed report
Urbn, AAP, Snow, Running, etc.
