Today’s biggest winners and losers in the stock market.
On this episode of Stock Movers:
-CrowdStrike (CRWD) shares slipped in extended trading after the security software company reported fourth-quarter results that were in line with expectations. It also gave forecasts for both the first quarter and the full year.
-Best Buy (BBY) shares advanced after reporting profit for the holiday-shopping season that was better than expected. Its revenue forecast for this year also met Wall Street estimates, giving investors confidence that the electronics chain won’t take a step backward. Adjusted earnings per share last quarter were $2.61, topping the average analyst estimate by 15 cents. Comparable sales trailed Wall Street projections. The company also boosted its dividend. Shares of the retailer rose as much as 7%. The stock had fallen 8% this year, compared with the S&P 500 Index being little changed.
- Target (TGT) forecast better-than-expected profit for the full year, indicating the big-box retailer’s turnaround plans are starting to generate results. Adjusted earnings per share are projected in a range of $7.50 to $8.50 in the current fiscal year, the company said in a statement on Tuesday. The midpoint is above the average of estimates compiled by Bloomberg. It was one of the few stocks to close higher today in a broader market selloff.
See omnystudio.com/listener for privacy information.
