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Victoria's Secret (VSCO) Q3 Earnings: What To Expect
Intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) will be reporting earnings this Friday before market hours. Here’s what you need to know.
Why American Eagle (AEO) Stock Is Trading Up Today
Shares of young adult apparel retailer American Eagle Outfitters (NYSE:AEO) jumped 14.2% in the afternoon session after the company reported impressive third quarter results that beat analysts' sales, earnings and EBITDA estimates.
Why Is America's Car-Mart (CRMT) Stock Rocketing Higher Today
Shares of used-car retailer America’s Car-Mart (NASDAQ:CRMT) jumped 6.7% in the afternoon session after investor optimism grew ahead of its quarterly earnings release, bolstered by positive news from the broader used car market.
Why Are Microchip Technology (MCHP) Shares Soaring Today
Shares of analog chipmaker Microchip Technology (NASDAQ:MCHP) jumped 11% in the afternoon session after the company raised its financial guidance for its third fiscal quarter, citing stronger-than-expected business performance, bookings, and backlog. Microchip now expected its net sales and earnings per share to be at the high end of its previously provided range. This revised outlook represented an approximate 12% year-over-year growth in revenue. The company also anticipated non-GAAP earnings per share to be about $0.40, surpassing prior estimates. The CEO stated that business was performing better than expected with booking activity remaining strong. In addition to the upgraded forecast, the company also announced the launch of new energy-efficient power monitors designed to reduce power consumption by 50% in portable devices.
Charles River Laboratories (CRL) Shares Skyrocket, What You Need To Know
Shares of lab services company Charles River Laboratories (NYSE:CRL) jumped 6.1% in the afternoon session after the company provided an encouraging business update at an investor conference, highlighting positive demand trends.
Sezzle (SEZL) Stock Trades Up, Here Is Why
Shares of buy-now-pay-later service Sezzle (NASDAQCM:SEZL) jumped 6.4% in the afternoon session after positive reports for the "Buy Now, Pay Later" (BNPL) industry pointed to a strong holiday shopping season. This optimism stemmed from an Adobe Analytics forecast that projected spending using BNPL services would reach $20.2 billion during the holidays, an 11 percent increase from the previous year. "Buy Now, Pay Later" plans allow consumers to make purchases and pay for them over time. The payment method continued to gain popularity, especially among younger shoppers, signaling a healthy and expanding market for companies operating in the sector.
Why Are Rocket Lab (RKLB) Shares Soaring Today
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 5.6% in the afternoon session after analyst commentary highlighted the company's record third-quarter revenue and potential for significant government contract work. The launch provider recently reported its highest-ever quarterly revenue of $155 million, a figure that beat Wall Street estimates and represented year-over-year growth of more than 48%. The company also posted a smaller-than-expected loss per share. Following the strong results, Cantor Fitzgerald maintained its Overweight rating and a $72 price target on the stock. Analysts pointed to the company's substantial $1.1 billion backlog and potential for future growth from government contracts. Rocket Lab was working on a $515 million contract with the U.S. Space Development Agency and bidding on another project for the agency worth up to $900 million.
Why Is e.l.f. Beauty (ELF) Stock Soaring Today
Shares of cosmetics company e.l.f. Beauty (NYSE:ELF) jumped 6.2% in the afternoon session after the company presented at the Morgan Stanley Global Consumer & Retail Conference. Such investor conferences are important events where company leaders often share updates on their business strategy, financial performance, and future outlook. A positive presentation can increase investor confidence and drive interest in a company's stock. The significant upward move in the share price suggested that the market reacted favorably to the information and commentary provided by e.l.f. Beauty's management team during the event.
Why Is Belden (BDC) Stock Soaring Today
Shares of electronic component manufacturer Belden (NYSE:BDC) jumped 5.7% in the afternoon session after investors reacted to positive news from the broader networking sector, following key innovation announcements from industry peers.
Lucid (LCID) Shares Skyrocket, What You Need To Know
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) jumped 5.5% in the afternoon session after the company announced its first major automotive partnership in Europe with HYROX, the World Series of Fitness Racing.