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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.