{"id":33826,"date":"2022-06-02T17:33:07","date_gmt":"2022-06-02T17:33:07","guid":{"rendered":"https:\/\/harchi90.com\/microsoft-chewy-gamestop-mongodb-more\/"},"modified":"2022-06-02T17:33:07","modified_gmt":"2022-06-02T17:33:07","slug":"microsoft-chewy-gamestop-mongodb-more","status":"publish","type":"post","link":"https:\/\/harchi90.com\/microsoft-chewy-gamestop-mongodb-more\/","title":{"rendered":"Microsoft, Chewy, GameStop, MongoDB & more"},"content":{"rendered":"
Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016.<\/p>\n
Charles Platiau | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making headlines on midday trading Thursday. <\/em><\/p>\n Microsoft – Shares of the technology giant slipped 0.6% after Microsoft cut its earnings and revenue guidance for the fiscal fourth quarter. Microsoft cited unfavorable foreign exchange rates as the reason for the move.<\/p>\n Meta Platforms – Facebook’s parent company rose 4.8% after Sheryl Sandberg announced she is leaving her role as chief operating officer. Chief growth officer Javier Olivan will take over the position this fall.<\/p>\n GameStop – Shares of the video game retailer rallied 9.4% after the company posted its quarterly results. GameStop reported $ 1.38 billion in revenue in its fiscal first quarter, up slightly from the $ 1.27 billion it reported in the year-ago quarter. But, it also reported a $ 157.9 million net loss, which is worse than the $ 66 million net loss in the year-ago quarter. <\/p>\n Chewy – The pet e-commerce company soared 23.3% after reporting an unexpected profit in the previous quarter. Chewy shared earnings of 4 cents per share on $ 2.43 billion in revenue. Analysts expected a loss of 14 cents per share on $ 2.42 billion in revenue, according to Refinitiv.<\/p>\n MongoDB – The database platform provider’s stock surged 17.8% after the company’s results for the previous quarter topped analyst expectations. MongoDB reported an unexpected profit of 20 cents per share on $ 285 million in revenue. Analysts had anticipated a loss of 9 cents per share on revenues of $ 267 million.<\/p>\n Generac – The generator company’s stock jumped more than 9.7% after UBS named it a top pick. The investment firm said the downside for Generac’s core business was already priced into the market, and the company’s push into clean energy gave the stock significant upside.<\/p>\n Hewlett Packard Enterprise – Hewlett Packard Enterprise dropped 5.5% after missing analysts’ forecasts on the revenues and earnings for the previous quarter. The company reported a profit of 44 cents per share on revenues of $ 6.71 billion, compared with a Refinitiv consensus estimates of 45 cents per share on $ 6.78 billion in revenue.<\/p>\n PVH – The apparel company added 2.5% after beating Wall Street’s forecast on the top and bottom lines for the previous quarter. The Tommy Hilfiger and Calvin Klein owner reported a profit of $ 1.94 per share on $ 2.12 billion in revenue, compared to estimates of $ 1.61 cents a share on $ 20.9 billion in revenue.<\/p>\n Hormel Foods – Shares of Hormel Foods fell 5.2% after the company trimmed its fiscal 2022 earnings guidance. The food company expects earnings per share to range between $ 1.87 and $ 1.97 after previously guiding for a profit between $ 1.87 per share and $ 2.03 per share.<\/p>\n – CNBC’s Jesse Pound and Yun Li contributed reporting<\/em><\/p>\n<\/div>\n<\/div>\n .<\/p>\n","protected":false},"excerpt":{"rendered":" Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines on midday trading Thursday. Microsoft – Shares of the technology giant slipped 0.6% after Microsoft cut its earnings and revenue guidance for the fiscal fourth quarter. Microsoft cited unfavorable foreign exchange rates as the …<\/p>\n