Check out the companies making headlines before the bell. Target — Target’s shares tumbled more than 7% after first-quarter earnings missed estimates, driven by a year-over-year sales decline of about 3% as consumers bought fewer discretionary items. Analog Devices — The semiconductor manufacturing company jumped 6.2% after exceeding quarterly estimates. Analog Devices posted adjusted earnings of $1.40 per share in its fiscal second quarter on revenue of $2.16 billion, while analysts polled by FactSet forecast earnings of $1.26 per share, excluding one-time items, on revenue of $2.11 billion. Shopify — The retail software stock rose 2.6% following a Goldman Sachs upgrade to buy from neutral. The investment bank said the industry leader’s shares are at an attractive entry point following a rough year to date. Box — The cloud storage company dipped 2.2% after Morgan Stanley downgraded Box to equal weight from overweight, saying other software names such as Docebo and Smartsheet appear more compelling. Urban Outfitters — The clothing retailer added 1.8% after beating Wall Street estimates for fiscal first-quarter results. Urban Outfitters posted adjusted earnings of 69 cents per share on $1.20 billion of revenue, exceeding analysts’ expectations of 52 cents per share on $1.18 billion of revenue, per LSEG. PDD — PDD Holdings, the Chinese parent of discount retailer Temu, gained 7.6% after reporting a 131% increase in first-quart …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Target — Target’s shares tumbled more than 7% after first-quarter earnings missed estimates, driven by a year-over-year sales decline of about 3% as consumers bought fewer discretionary items. Analog Devices — The semiconductor manufacturing company jumped 6.2% after exceeding quarterly estimates. Analog Devices posted adjusted earnings of $1.40 per share in its fiscal second quarter on revenue of $2.16 billion, while analysts polled by FactSet forecast earnings of $1.26 per share, excluding one-time items, on revenue of $2.11 billion. Shopify — The retail software stock rose 2.6% following a Goldman Sachs upgrade to buy from neutral. The investment bank said the industry leader’s shares are at an attractive entry point following a rough year to date. Box — The cloud storage company dipped 2.2% after Morgan Stanley downgraded Box to equal weight from overweight, saying other software names such as Docebo and Smartsheet appear more compelling. Urban Outfitters — The clothing retailer added 1.8% after beating Wall Street estimates for fiscal first-quarter results. Urban Outfitters posted adjusted earnings of 69 cents per share on $1.20 billion of revenue, exceeding analysts’ expectations of 52 cents per share on $1.18 billion of revenue, per LSEG. PDD — PDD Holdings, the Chinese parent of discount retailer Temu, gained 7.6% after reporting a 131% increase in first-quart …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
