Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Lionsgate Studios — Shares rose 1% after Citi initiated coverage of the film studio at a buy rating. The bank cited Lionsgate’s decision to spin off its Starz business as a potential catalyst for further margin expansion. Zscaler — Shares added 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Zscaler reported adjusted earnings of 88 cents per share on revenue of $553 million, while analysts polled by LSEG had expected earnings of 66 cents on $535 million in revenue. Nordstrom — The Seattle-based department store operator saw shares jump nearly 4% after the company posted solid quarterly sales growth and stuck by its full-year forecast . Its off-price chain, Nordstrom Rack, outperformed Nordstrom’s flagship brand with comparable sales rising 7.9% year over year. Nordstrom fell short of Wall Street’s quarterly earnings expectations, however. Gap — The clothing retailer soared 26% after posting fiscal first-quarter earnings per share of 41 cents, higher than the 14 cents analysts surveyed by LSEG had expected. Gap’s revenue of $3.39 billion also beat the $3.29 billion forecast. Ambarella — Shares soared 18% after the chipmaker announced that it expec …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Lionsgate Studios — Shares rose 1% after Citi initiated coverage of the film studio at a buy rating. The bank cited Lionsgate’s decision to spin off its Starz business as a potential catalyst for further margin expansion. Zscaler — Shares added 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Zscaler reported adjusted earnings of 88 cents per share on revenue of $553 million, while analysts polled by LSEG had expected earnings of 66 cents on $535 million in revenue. Nordstrom — The Seattle-based department store operator saw shares jump nearly 4% after the company posted solid quarterly sales growth and stuck by its full-year forecast . Its off-price chain, Nordstrom Rack, outperformed Nordstrom’s flagship brand with comparable sales rising 7.9% year over year. Nordstrom fell short of Wall Street’s quarterly earnings expectations, however. Gap — The clothing retailer soared 26% after posting fiscal first-quarter earnings per share of 41 cents, higher than the 14 cents analysts surveyed by LSEG had expected. Gap’s revenue of $3.39 billion also beat the $3.29 billion forecast. Ambarella — Shares soared 18% after the chipmaker announced that it expec …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
