Oklo Inc (NYSE:OKLO) shares are surging Wednesday after the company was selected as an intended awardee to provide power at an Air Force base in Alaska.
Intel stock gained Tuesday on broad tech sector optimism, despite its own recent, weak fundamentals. Shares are pulling back Wednesday as investors refocus on the chipmaker's difficult turnaround plan.
JP Morgan laid out in great detail precisely how likely various CPI results would be this morning and what the consequences of the number would be for equities.
Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top gainers and losers in today's session.
Intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) reported Q1 CY2025 results beating Wall Street’s revenue expectations, but sales were flat year on year at $1.35 billion. On the other hand, next quarter’s revenue guidance of $1.40 billion was less impressive, coming in 1.1% below analysts’ estimates. Its non-GAAP profit of $0.09 per share was significantly above analysts’ consensus estimates.
Water and fire protection solutions company Core & Main (NYSE:CNM) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 9.8% year on year to $1.91 billion. On the other hand, the company’s full-year revenue guidance of $7.7 billion at the midpoint came in 0.6% below analysts’ estimates.
Packaged foods company J.M Smucker (NYSE:SJM) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 2.8% year on year to $2.14 billion. Its non-GAAP profit of $2.31 per share was 2.8% above analysts’ consensus estimates.
Personalized clothing company Stitch Fix (NASDAQ:SFIX) reported Q1 CY2025 results exceeding the market’s revenue expectations, but sales were flat year on year at $325 million. On top of that, next quarter’s revenue guidance ($300.5 million at the midpoint) was surprisingly good and 4.3% above what analysts were expecting. Its non-GAAP loss of $0.06 per share was 48.5% above analysts’ consensus estimates.
Arcade company Dave & Buster’s (NASDAQ:PLAY) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 3.5% year on year to $567.7 million. Its non-GAAP profit of $0.76 per share was 25% below analysts’ consensus estimates.
E-commerce pet food and supplies retailer Chewy (NYSE:CHWY) announced better-than-expected revenue in Q1 CY2025, with sales up 8.3% year on year to $3.12 billion. Its non-GAAP profit of $0.35 per share was 3.2% above analysts’ consensus estimates.
Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) missed Wall Street’s revenue expectations in Q1 CY2025, with sales flat year on year at $1.35 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $6.12 billion at the midpoint. Its non-GAAP profit of $0.76 per share was 14.7% below analysts’ consensus estimates.
Footwear and accessories discount retailer Designer Brands (NYSE:DBI) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 8% year on year to $686.9 million. Its non-GAAP loss of $0.26 per share was significantly below analysts’ consensus estimates.
McDonald's faces a potential decline in sales due to the weight loss medications. Other fast-food chains like Domino's and KFC are also at risk, while Taco Bell and Chipotle are better positioned.
Capricor expressed confidence that the facility will meet the necessary requirements to support product licensure and commercial launch, pending approval.
Software development tools maker GitLab (NASDAQ:GTLB) announced better-than-expected revenue in Q1 CY2025, with sales up 26.8% year on year to $214.5 million. The company expects next quarter’s revenue to be around $226.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.17 per share was 11.8% above analysts’ consensus estimates.
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