Check out the companies making headlines in midday trading. Micron — The semiconductor manufacturer popped 14% after beating analyst expectations for its fiscal second-quarter earnings and revenue. Micron posted earnings of 42 cents per share on $5.82 billion of revenue. Analysts polled by LSEG expected a loss of 25 cents per share on $5.35 billion of revenue analysts had expected. The company also guided for higher third-quarter earnings and revenue than consensus had estimated. Apple — The technology stock dropped 3.2% on news that the Department of Justice was suing Apple. Regulators said that the iPhone ecosystem is a monopoly and anti-competitive practices appear in multiple areas of the business. Astera Labs — The data center connectivity chip seller popped 14.1%. That adds to its 72% rally seen on Wednesday, which was its first day as a publicly traded company on the Nasdaq. Li Auto — U.S.-listed shares of the Chinese electric-vehicle maker slid 7.5% on weak guidance for first-quarter deliveries. Li told investors to expect 77,000 vehicles at the midpoint, down from a prior estimate of 101,500. Chewy — Shares of the pet goods retailer fell 6% on the heels of disappointing guidance for the first quarter. Chewy said it expected between $2.84 billion and $2.86 billion of revenue for the quarter. Analysts surveyed by LSEG were expecting $2.89 billion. Five Below – Shares of the …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Micron — The semiconductor manufacturer popped 14% after beating analyst expectations for its fiscal second-quarter earnings and revenue. Micron posted earnings of 42 cents per share on $5.82 billion of revenue. Analysts polled by LSEG expected a loss of 25 cents per share on $5.35 billion of revenue analysts had expected. The company also guided for higher third-quarter earnings and revenue than consensus had estimated. Apple — The technology stock dropped 3.2% on news that the Department of Justice was suing Apple. Regulators said that the iPhone ecosystem is a monopoly and anti-competitive practices appear in multiple areas of the business. Astera Labs — The data center connectivity chip seller popped 14.1%. That adds to its 72% rally seen on Wednesday, which was its first day as a publicly traded company on the Nasdaq. Li Auto — U.S.-listed shares of the Chinese electric-vehicle maker slid 7.5% on weak guidance for first-quarter deliveries. Li told investors to expect 77,000 vehicles at the midpoint, down from a prior estimate of 101,500. Chewy — Shares of the pet goods retailer fell 6% on the heels of disappointing guidance for the first quarter. Chewy said it expected between $2.84 billion and $2.86 billion of revenue for the quarter. Analysts surveyed by LSEG were expecting $2.89 billion. Five Below – Shares of the …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
