Check out the companies making headlines in midday trading. Intel – The tech giant sank 7% after the revealing a $7 billion operating loss within its semiconductor manufacturing — or foundry – business in 2023. Spotify Technology – The music-streaming company popped more than 5%. Bloomberg reported that Spotify is upping prices for its premium subscription service within several markets, including the U.S. The hikes would mark the second time the company has raised prices in a year. Ulta Beauty – Shares of the beauty retailer tanked more than 13%. Ulta warned at a conference that category growth is slowing quicker than expected, and that it expects moderating sales this year after a period of “very strong growth.” Dave & Buster’s – Shares jumped 11% after the restaurant and entertainment chain increased its share repurchase authorization by $100 million, bringing the total available share repurchase authorization to $200 million. The company also posted weaker-than-expected fourth-quarter earnings and revenue, however. Wolfspeed – The semiconductor company dropped more than 4% after Wells Fargo downgraded shares to equal weight from an overweight rating. The firm said Wolfspeed’s Tesla exposure could impact gr …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Intel – The tech giant sank 7% after the revealing a $7 billion operating loss within its semiconductor manufacturing — or foundry – business in 2023. Spotify Technology – The music-streaming company popped more than 5%. Bloomberg reported that Spotify is upping prices for its premium subscription service within several markets, including the U.S. The hikes would mark the second time the company has raised prices in a year. Ulta Beauty – Shares of the beauty retailer tanked more than 13%. Ulta warned at a conference that category growth is slowing quicker than expected, and that it expects moderating sales this year after a period of “very strong growth.” Dave & Buster’s – Shares jumped 11% after the restaurant and entertainment chain increased its share repurchase authorization by $100 million, bringing the total available share repurchase authorization to $200 million. The company also posted weaker-than-expected fourth-quarter earnings and revenue, however. Wolfspeed – The semiconductor company dropped more than 4% after Wells Fargo downgraded shares to equal weight from an overweight rating. The firm said Wolfspeed’s Tesla exposure could impact gr …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
