(ticker: COST) reported fiscal fourth-quarter earnings and sales that beat analysts’ estimates. The stock rose 1.3%. The retailer failed to provide an update on a potential increase in membership fees, a move that many on Wall Street believe is overdue.
Furniture company
(MLKN) raised its fiscal 2024 outlook, saying it expects adjusted earnings $1.85 to $2.15 a share, better than its previous guidance for profits between $1.70 and $2 a share.
also posted first-quarter earnings and sales that beat analysts’ expectations. The stock jumped 27%.
(NEE) fell 7% to $60.77, putting it on pace for its lowest close since June 30, 2020, when it closed at $60.04, according to Dow Jones Market Data. The largest U.S. electric utility said Tuesday its subsidiary Florida Power & Light Company has agreed to sell Florida City Gas to
Chesapeake Utilities Corporation
(CPK) for $923 million in cash, and NextEra reaffirmed its long-term guidance. Its stock was also the leading decliner in the
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(GH) was up 6.4% after shares of the oncology company were upgraded to Overweight from Neutral at
(BLNK) rose 6% to $3.11 after
initiated coverage of the electric-vehicle charging equipment company with a Buy rating and price target of $7.
(CHPT) gained 4.5% after also being initiated at Buy at UBS.
(NET) rose 5.6% after the internet infrastructure company made several announcements including a partnership with
(META) to make Llama 2, an open source large language model, available to developers building AI applications on
‘s developer platform, Workers.
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(PAYX) rose 3.9% after the payroll services company lifted its adjusted earnings guidance for the fiscal year.
(PRGS) declined 3.4% after the programming tools maker lowered its fiscal-year adjusted free cash flow guidance.
(HAS) and
(MAT) were falling 0.4% and rising 2.2%, respectively, after coverage of the toy makers was initiated at Overweight at
(AMZN) was falling 0.6% after slumping 4% on Wednesday after the Federal Trade Commission said it was suing the online retailer and cloud company. The agency alleged that Amazon strategically prevents competition with its dominant online marketplace.
Earnings reports are expected after the closing bell Wednesday from
(MU) and
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(JEF).
Write to Joe Woelfel at joseph.woelfel@barrons.com
