Bell: Check out the companies that make headlines before Broadcom. Chipmaker’s stock jumped 10% after the company’s first quarter results violated Wall Street’s estimates on both the top and bottom lines. Broadcom also issued rosy guidance for the current quarter. The company forecasts second-quarter revenue of $14.9 billion, exceeding $14.76 billion, which is expected from analysts voted by LSEG. Gap – Shares surged 17% after apparel giants, who own brands such as Old Navy and Banana Republic, recorded a fourth-quarter beat. The gap reported earnings of 54 cents per share in revenue of $415 billion, exceeding 37 cents per share, exceeding the $4.07 billion forecast of analysts voted on. Sales for the same store rose 3%, exceeding the 1% estimate per StreetAccount. Hewlett Packard Enterprise – The server maker fell 20% after LSEG led the adjusted fiscal second quarter of revenue and revenue that the analysts voted for. Hewlett Packard also believes that revenues adjusted between $1.90 and $1.70 per share in 2025, with Wall Street estimates sought $2.13 per share. The company has also announced layoff plans. An intuitive machine – Shares plummeted 36% after Athena, the second moonlander of space exploration company, fell to the moon side. This concluded on the side following last year’s first lunar landing attempt on the intuitive machine. Samsara – Software Stock fell 9% after publishing first quarter guidance in line with analyst expectations. Samsara expects to earn between 5 cents and 6 cents per share, compared to earnings of between $350 and $352 million, adjusted. Analysts were penciling in earnings of 5 cents per share and revenue of $351 million per LSEG. Bigbear.ai – Stocks have fallen over 16% after an artificial intelligence analytics company warned that there would likely be “short-to-medium-term delays or disruptions in federal contracts” as the Trump administration’s cost-cutting efforts increase. Mobileye Global – Autonomous driving stock has plunged by 2% after a regulatory application showed hedge fund Point72 had acquired a 5% stake in the company. Point 72 founder Steve Cohen repeatedly expressed his bullishness against artificial intelligence. Walgreens Boots Alliance – The share price rose 7% after the drugstore chain said it had signed a deal to acquire private equity company Sycamore Partners. The deal is worth around $10 billion, with Sycamore paying $11.45 per share. This represents an increase of around 8% since the end of Thursday. WAYFAIR – Furniture retailer added 3% after upgrade to buy from Hold at Jefferies. Analyst Jonathan Matuszewski said the current valuation of Wayfair doesn’t take into account the company’s new “consistent share profits.” The rating change comes as Wayfair announced plans to cut 340 technology team members as part of its restructuring effort. Costco – The retail giant’s stock fell almost 2% after second quarter revenues missed analysts’ expectations. According to LSEG, Costco scored $4.02 per share, below the consensus estimate of $4.11 per share. Second quarter revenue exceeded expectations. Lands ‘End – Shares in apparel retailers rose 11% after the company announced that the board had begun exploring strategic alternatives, including sales. – Reported by CNBC’s Sean Conlon, Michelle Fox, Christina Cheddar Burke and Pier Singh.
The biggest moves in stock offices – WBA, AVGO, Gap, HPE
