Macy’s, BJ’s Wholesale, Kohl’s and others

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Check out the companies making headlines for the bell:

Macy’s (M) – Macy’s stock rose 9.6% in premarket after the retailer reported better-than-expected earnings and earnings. Same-store sales fell less than expected, and the company also raised its earnings outlook.

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BJ’s wholesale (BJ) – BJs added 2.4% to premarket trading after beating analyst forecasts for both the top and bottom lines for the last quarter. The warehouse retailer also reported better-than-expected comparable store sales and raised its full-year forecast.

from Kohl (KSS) — Kohl’s fell 3.8% in premarket action after it retracted its financial forecast, citing several uncertainties, including macroeconomic conditions and the departure of CEO Michelle Gass.

alibaba (BABA) — The China-based e-commerce giant reported better-than-expected earnings, but earnings fell short of analysts’ forecasts. The company also increased its share buyback program. Alibaba fell 1.8% in premarket.

Nvidia (NVDA) — Nvidia rose 1.2% in premarket after better-than-expected Q3 earnings and some analysts predicting a recovery in Spring 2023. The company also missed bottom-line estimates for Q4 and published a lukewarm sales forecast as demand for its video game chips declines.

Cisco systems (CSCO) — Cisco gained 4.5% in after-hours trading after the networking equipment and software company reported better-than-expected quarterly results and made an optimistic forecast. Cisco also said it would conduct “limited corporate restructuring.”

Bath and body works (BBWI) — Shares of Bath & Body Works rose 21.9% in the premarket after the personal goods retailer raised its full-year earnings outlook. CEO Sarah Nash said the company is pleased with its holiday product lineup and is focusing on inventory and cost management.

Sonos (SONO) — Sonos was up 3.3% in premarket action after the high-end speaker maker’s sales for the last quarter beat analysts’ forecasts. Sonos also said supply chain issues have eased and it has sufficient inventory for Christmas shopping.

Norwegian cruise line (NCLH) — Shares of the cruise line fell 5% in premarket trading following a double downgrade from Credit Suisse to underperform from outperform, with the company citing a number of factors, including valuation.

The Valley Voice
The Valley Voicehttp://thevalleyvoice.org
Christopher Brito is a social media producer and trending writer for The Valley Voice, with a focus on sports and stories related to race and culture.

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