A GameStop logo seen in Stephen’s Green Shopping Center in Dublin.
Artur Widak NurPhoto | Getty Images
Consult the companies that make securities in the trading of lunch.
GameStop – The shares of the brick retailer fell by 17% after not providing investors with enough details about its rotation plan and acknowledged in a file that it intends to sell additional capital shares. GameStop missed the top and bottom lines of its quarterly results on Tuesday.
Dave & Buster’s – The shares of the entertainment and arcade company appeared with over 4% after Raymond James reiterated his strong buy rating before Dave & Buster’s earnings report. The Wall Street firm said it sees an “attractive” entry point after the recent withdrawal of the action.
American Airlines, Norwegian Cruise Line – Shares that depend on the reopening of the economy rose on Wednesday after being hit in the previous session by fears of recovery. Shares of American Airlines rose by more than 2%, while United Airlines rose by almost 3%. Carnival grew by 5%, while Norwegian Cruise Line and Royal Caribbean rose by more than 4%.
General Mills – Food company shares fell more than 5% after General Mills missed earnings estimates in the third quarter. The company earned 82 cents per share, excluding items, compared to the profit analysts’ expectation of 84 cents, surveyed by Refinitiv. However, revenues exceeded estimates, reaching $ 4.52 billion compared to the expected $ 4.45 billion.
Bank of New York Mellon – The bank’s shares rose more than 3% after Bank of America updated its shares by two notches to buy them from underperformance. The Wall Street firm said Bank of New York Mellon will benefit from an improved earnings and earnings outlook as well as an attractive valuation.
AMC Entertainment – The shares of the movie chain fell by more than 4% after Disney said it was pushing the launch of “Black Widow” between May 7 and July 9. The film, along with “Cruella”, will also be available on Disney + for an additional rental fee. AMC shares have fallen by more than 26% so far this week.
FedEx – The maritime giant’s shares rose nearly 2.5% after Barclays named FedEx a top pick. The company said in a note to customers that it expects the company’s cash flow to improve in the coming quarters, after years of investment in those revenues in the delivery network.
Winnebago – the stock of recreational vehicles fell by more than 2% on Wednesday, despite a better-than-expected second-quarter fiscal report. Winnebago earned $ 2.12 per share with revenue of $ 840 million. Analysts surveyed by Refinitiv were looking for $ 1.42 per share and $ 805 million in revenue. The company’s deliveries for its “Class A” units decreased from year to year, even as total deliveries increased.
Adobe – Software company shares fell 1%, exceeding first-quarter earnings estimates and raising its fiscal outlook for 2021. Adobe has raised its revenue guide for fiscal year 2021 to $ 15.45 billion USD, up from previous recommendations of $ 15.15 billion. The company also raised its tax earnings for the 2021 share, from $ 11.20 to $ 11.85.
Estee Lauder – The beauty retailer’s shares rose 3% after Wells Fargo updated Estee Lauder to be overweight at an equal weight before its third quarter report. The Wall Street firm said Estee Laurder’s long-term sales and margin potential were “attractive.”
Steelcase – The shares of the office furniture manufacturer fell by less than 1% after the company issued a weaker-than-expected projection, as demand for office products remains weak. Steelcase reported earnings per share of 6 cents in the last quarter, exceeding Refinitive’s estimate of a loss of 1 cent. Its revenues also exceeded expectations.
– with reports from CNBC Yun Li, Pippa Stevens, Jesse Pound and Rich Mendez.