CFO  News Hubb
Advertisement
  • Home
  • CFO News
  • Financial Advisor
  • Financial Planning
  • Markets News
  • Economics
  • Contact
No Result
View All Result
  • Home
  • CFO News
  • Financial Advisor
  • Financial Planning
  • Markets News
  • Economics
  • Contact
No Result
View All Result
CFO  News Hubb
No Result
View All Result
Home Markets News

Stocks making the biggest moves after hours: Netflix, Nordstrom and more

by admin
January 22, 2023
in Markets News
Stocks making the biggest moves after hours: Netflix, Nordstrom and more


Check out the companies making headlines in midday trading.

Netflix – Shares of Netflix jumped 6.3% after the company’s per-share earnings came short of analysts’ expectations. Nevertheless, the latest quarterly results showed the streaming service added millions more subscribers in the quarter than Wall Street anticipated. The company also announced that co-CEO Reed Hastings would step down from the role.

Nordstrom – Nordstrom shares fell 6.5% after the company cut its annual profit forecast for its fiscal year following weak holiday sales. The retailer reported that net sales for the holiday period slipped 3.5%, and that it now expects annual revenue growth at the lower end of the 5% to 7% range it previously gave.

Retail stocks – Following Nordstrom’s weak holiday earnings report and year-end forecast, other retailers slumped. Macy’s, Kohl’s and Dillard’s fell 2.5%, 4% and 1.3% respectively.

Costco – Shares of Costco rose 1.2% after the company said its board reauthorized a stock repurchase program of up to $4 billion through January 2027.



Source link

Previous Post

Take Your Foot off the Gas

Next Post

Don’t Let an Indifferent Boss Hold You Back

TRENDING

Intel, Chevron, American Express, Silvergate and more
Markets News

Intel, Chevron, American Express, Silvergate and more

January 28, 2023
Economics

Four Ways to Get What You Want

January 28, 2023
Economics

Links 1/28/2023 | naked capitalism

January 28, 2023
CFO News

The Outlook for Diesel: Supply Woes Aren’t Going Away Soon

January 28, 2023
Financial Advisor

Ukraine Belongs in NATO – WSJ

January 28, 2023

© 2022 CFO News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • CFO News
  • Financial Advisor
  • Financial Planning
  • Markets News
  • Economics
  • Contact

Newsletter Sign Up

No Result
View All Result
  • Home
  • CFO News
  • Financial Advisor
  • Financial Planning
  • Markets News
  • Economics
  • Contact

© 2022 CFO News Hubb All rights reserved.