Check out the companies making the biggest moves midday: Amazon – The e-commerce behemoth fell 2.4% after CNBC’s David Faber reported that founder and Executive Chairman Jeff Bezos is expected to be “aggressive” in selling more Amazon stock. The total sale could amount to more than $1 billion, sources told Faber. Burlington Stores — Shares surged 21.7% after the retailer raised the lower end of its full-year earnings guidance and said it expects total sales growth of 11% in 2024. That’s higher than analysts expected. Burlington also said November was off to a strong start. Medtronic – The medical equipment stock jumped 3.8% after the company posted better-than-expected earnings. Adjusted earnings per share came in at $1.25 on revenue of $7.98 billion, versus the $1.18 on revenue of $7.92 billion expected by analysts polled by LSEG. Kohl’s – Shares fell more than 9% after the retailer reported weaker-than-expected earnings for the third quarter. Same-store sales fell 5.5%, it reported, versus StreetAccount’s estimate of 3.8%. Kohl’s lowered the low end of its full-year same-store sales outlook. American Eagle Outfitters – The clothing retailer sank 16% after its operating income guidance for the full year came in weaker than expected. C3.ai — Shares of the artificial intelligence software company added 3.4% in midday trading after being upgraded to outperform by Oppenheimer. Analyst Timothy Horan noted that C3.ai remains “one of the few pure plays helping clients drive new revenue streams.” Baidu – US shares of the Chinese technology giant jumped 1.5% after earnings came in slightly higher than analysts had expected. Baidu reported 34.45 billion yuan for the quarter, beating the consensus estimate of 34.33 billion yuan from analysts polled by LSEG. Lowe’s – Shares of the home improvement retailer dipped 2.7% after Lowe’s reported softer-than-expected earnings for the third quarter. The company generated $20.47 billion in revenue for the three months ended November 3. Analysts surveyed by LSEG were looking for $20.89 billion. The company also lowered its full-year sales outlook, citing weaker demand from do-it-yourself customers. Symbotic – The stock rose 37% after Symbotic reported earnings and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the fiscal fourth quarter that beat expectations. VMWare – Shares surge 4.7% after Broadcom announced it received all required regulatory approvals to acquire VMWare and plans to close the $69 billion acquisition on Wednesday. Shares of Broadcom fell less than 1%. Dick’s Sporting Goods – The sporting goods retailer saw its shares rise 4.3% after posting strong quarterly earnings and revenue for its fiscal third quarter that beat analysts’ expectations. The company also raised its full-year outlook after cutting it in the previous quarter due to theft concerns. Abercrombie & Fitch – The stock slipped 2.7% after the clothing retailer reported strong earnings for its third quarter, but delivered fourth-quarter guidance in line with consensus estimates. Shares of Abercrombie have already gained more than 200% year to date. Agilent Technologies — The life sciences stock gained 8.3%. Agilent Technologies on Monday reported fourth-quarter revenue and earnings that topped FactSet consensus estimates, although its fiscal first-quarter and full-year guidance fell short of expectations. – CNBC’s Brian Evans, Alex Harring, Jesse Pound, Tanaya Macheel and Sarah Min contributed reporting.
(tagsTo Translate)Broadcom Inc