A GameStop logo seen at Stephen’s Green Shopping Center in Dublin.
Artur Widak NurPhoto | Getty Images
Check out the companies that are owners in the noon trade.
GameStop: The shares of the brick and mortar retailer fell 17% after not giving enough details to investors about its investment plan and having acknowledged in a presentation that it was considering selling additional capital shares. GameStop also lost the top and bottom lines of its quarterly results on Tuesday.
Dave & Buster’s: The shares of the entertainment and recreation company appeared more than 4% after Raymond James reiterated its strong buy rating ahead of Dave & Buster’s earnings report. The Wall Street firm said it sees an “attractive” entry point after the recent retreat of shares.
American Airlines, Norwegian Cruise Line – Shares dependent on the reopening of the economy rose on Wednesday after falling in the previous session due to fears about recovery. Shares of American Airlines rose more than 2%, while United Airlines rose nearly 3%. Carnival jumped 5%, while Norwegian Cruise Line and Royal Caribbean jumped more than 4%.
General Mills: Shares of the food company fell more than 5% after General Mills lost profit estimates during the third quarter. The company earned 82 cents per share not counting, compared to what analysts expected from 84-cent earnings surveyed by Refinitiv. However, revenue exceeded estimates, reaching $ 4.52 million compared to the expected $ 4.455 billion.
Bank of New York Mellon: Bank shares rose more than 3% after Bank of America upgraded the shares of two notches to buy them insufficiently. The Wall Street firm said Bank of New York Mellon will benefit from improved revenue and earnings forecasts as well as an attractive valuation.
AMC Entertainment: The shares of the movie chain fell more than 4% after Disney said it was delaying the release of “Black Widow” from May 7 to July 9. The film, along with “Cruella,” will also be available at Disney + for an additional rental fee. AMC shares have been down more than 26% so far this week.
FedEx: Shares of the shipping giant rose nearly 2.5% after Barclays designated FedEx as the best option. The firm said in a note to customers that it expects to improve the company’s cash flow in the following quarters after years of investing that revenue in the delivery network.
Winnebago – The recreational vehicle fleet fell 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 of its “Class A” units decreased year after year, even as total deliveries grew.
Adobe: Computer software company shares fell 1% despite exceeding first-quarter earnings forecasts and raising its fiscal outlook for 2021. Adobe raised its revenue guidelines for the year fiscal 2021 to $ 15.45 billion, compared to the previous $ 15.15 billion. The company also raised its 2021 earnings per share tax guide from $ 11.20 to $ 11.85.
Estee Lauder – Beauty retailer shares rose 3% after Wells Fargo upgraded Estee Lauder to overweight by the same weight before its third-quarter report. The Wall Street firm said Estee Laurder’s long-term sales and margin potential was “attractive.”
Steelcase: Shares of office furniture maker fell 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, surpassing Refinitiv’s estimate of a loss of 1 cent. Their income also exceeded expectations.
– with reports from CNBC’s Yun Li, Pippa Stevens, Jesse Pound and Rich Mendez.