Check out the companies making headlines in midday trading. Walt Disney — The stock popped 12% after the entertainment giant posted higher-than-expected fiscal first-quarter earnings . The company also posted positive guidance for the 2024 fiscal year, alongside an announcement that it would increase its dividend by 50%. Ralph Lauren — Shares soared 16% after the apparel maker exceeded earnings and revenue expectations for its fiscal third quarter, saying it ended last year’s holiday shopping season with healthy inventory levels. Ralph Lauren posted earnings of $4.17 per share, while analysts surveyed by LSEG expected earnings of $3.54 per share. The company’s revenue was $1.93 billion for the period, while analysts had forecasted $1.87 billion. PayPal — The payments giant slid 10% after it issued weaker-than-expected guidance Wednesday despite an otherwise strong quarterly financial update. PayPal said it anticipates full-year earnings of $5.10 per share, short of the $5.48 per share analysts expected, according to LSEG. Arm Holdings — U.S.-traded shares soared 57% after the chipmaker posted stronger-than-expected quarterly results and forward guidance. Arm forecasts earnings per share for the current quarter to land between 28 cents and 32 cents, and revenue of $850 million to $900 million. Analysts were estimating earnings of 21 cents per share on $780 million in revenue, per LSEG. Hershey — Shares gained 6% after the chocolate confecti …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Walt Disney — The stock popped 12% after the entertainment giant posted higher-than-expected fiscal first-quarter earnings . The company also posted positive guidance for the 2024 fiscal year, alongside an announcement that it would increase its dividend by 50%. Ralph Lauren — Shares soared 16% after the apparel maker exceeded earnings and revenue expectations for its fiscal third quarter, saying it ended last year’s holiday shopping season with healthy inventory levels. Ralph Lauren posted earnings of $4.17 per share, while analysts surveyed by LSEG expected earnings of $3.54 per share. The company’s revenue was $1.93 billion for the period, while analysts had forecasted $1.87 billion. PayPal — The payments giant slid 10% after it issued weaker-than-expected guidance Wednesday despite an otherwise strong quarterly financial update. PayPal said it anticipates full-year earnings of $5.10 per share, short of the $5.48 per share analysts expected, according to LSEG. Arm Holdings — U.S.-traded shares soared 57% after the chipmaker posted stronger-than-expected quarterly results and forward guidance. Arm forecasts earnings per share for the current quarter to land between 28 cents and 32 cents, and revenue of $850 million to $900 million. Analysts were estimating earnings of 21 cents per share on $780 million in revenue, per LSEG. Hershey — Shares gained 6% after the chocolate confecti …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
