Stocks making the biggest moves midday: Williams-Sonoma, Dollar General, Lordstown Motors & more

A Dollar General retailer in Creve Coeur, Illinois.

Daniel Acker | Bloomberg | Getty Images

Check out the corporations making headlines in noon buying and selling. 

Williams-Sonoma – Shares of the retailer jumped more than 20% after the firm beat high and backside line estimates throughout the fourth quarter. Williams-Sonoma earned $3.95 per share excluding objects throughout the interval, in comparison with the consensus estimate of $3.39, in keeping with Refinitiv. Revenue got here in at $2.29 billion, forward of the anticipated $2.18 billion. The firm’s outcomes have been boosted by customers spending more time at house throughout the pandemic.

Dollar General The low cost retailer shares fell more than 6% after the firm reported an earnings miss. Dollar General posted quarterly earnings of $2.62 per share, missed Refinitiv estimates by 10 cents. However, the firm’s income got here in above expectations as comparable retailer gross sales rose more than anticipated.

Lordstown Motors — Shares of the nascent electrical automobile firm slid almost 10% after the firm reported a loss of 23 cents per share for the fourth quarter. The firm additionally stated it had been contacted by the Securities and Exchange Commission relating to a report from brief vendor Hindenburg Research and its CEO clarified that its pre-orders for autos have been non-binding.

Signet Jewelers – The jewelers’ inventory jumped 7.3% following a strong quarterly earnings report. Signet earned an adjusted $4.15 per share, in comparison with a consensus estimate of $3.54, in keeping with Refinitiv. The jeweler additionally posted sturdy comparable retailer gross sales.        

Upstart Holdings – Shares of the consumer-lending firm soared 76% after Upstart stated it has agreed to amass Prodigy Software, a supplier of cloud-based automotive retail software program. Upstart additionally reported better-than-expected earnings and income for the fourth quarter.

Lyft – Lyft shares ticked up 2% after the firm stated that it recorded the most riders in a single week since the pandemic started. The firm additionally logged constructive year-over-year development in day by day ridership for the first time in a 12 months.

Five Below – The low cost retailer’s shares slid about 2% regardless of beating Wall Street estimates in earnings and income in the fourth quarter. The firm additionally recorded a 14% spike in comparable-store gross sales.

AMC Entertainment — The movie show inventory jumped 4.7% after the firm introduced that 98% of its U.S. theaters can be open starting Friday. By March 26, 99% of its areas can be reopened.

Palo Alto Networks — The tech inventory dipped 3.8% after Palo Alto Networks introduced that its chief monetary officer was leaving and being changed internally, efficient instantly. The departing CFO, Luis Visoso, is becoming a member of Unity in the similar function.

— CNBC’s Jesse Pound, Rich Mendez and Pippa Stevens contributed reporting.

Subscribe to CNBC PRO for unique insights and evaluation, and dwell enterprise day programming from round the world.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *