(PDCO) reported earnings and revenue that beat Wall Street estimates. Shares of the veterinary and dental supplies provider rose 14%.
(DLTR) jumped 5.6% and was the top gainer in the
The company said it expects to achieve earnings of $10 a share in fiscal 2026. That’s above analyst estimates of $8.51 a share, according to FactSet.
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(EXAS) fell 4.2% after the company said on its investor day that it expects 2023 revenue of $2.4bn, below Wall Street estimates of $2.42bn. The stock rose earlier in the session after the cancer screening and diagnostics company released positive results from a study of its Cologuard home screening test.
(TSLA) was down 3.4% at $265.03 after analysts at Barclays downgraded EV maker to Equal Weight from Overweight but raised his price target to $260 from $220.
Separately, CEO Elon Musk met with the Prime Minister of India, Narenda Modi, on Tuesday and said he was confident the EV maker “will be in India and will be in India as soon as humanly possible.” Musk said Modi was pushing
make “significant investments in India”, and that is “something we intend to do”.
(INTC) was falling 3.2% during the semiconductor company casting event. The company said it would focus on making its foundry business more competitive. Fellow Chipmaker
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(AMD) declined 4.7% and was the biggest drop for the S&P 500 on Wednesday.
Winnebago Industries (WGO), the maker of recreational vehicles, was down 2.7% after reporting a drop in 38% in fiscal third quarter sales.
(LZB), the furniture maker, said it expects fiscal first-quarter sales of $470 million to $490 million, a decrease from $604.1 million a year earlier and below analyst expectations of about $522 million. Shares fell 1%.
(FDX) was down 0.8% after the shipping giant reported fiscal fourth quarter earnings which beat analyst estimates but issued guidance that disappointed. The company said it expects earnings for the current fiscal year of between $16.50 and $18.50 a share, up from almost $15 a share in fiscal 2023. Wall Street had expected around $18.30 a share. . FedEx also said it sees “flat to low single digit” sales growth in fiscal 2024.
competitor actions
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(UPS) were down 1.4%.
(AMZN) was down 0.8% at $124.73. The Federal Trade Commission is suing amazon for allegedly trying to enroll consumers in Amazon Prime without their consent and making it too difficult to cancel subscriptions.
Analysts at Jefferies raised his price target on Amazon to $150 from $135saying they see the company as a “major beneficiary” of the AI boom as “AWS benefits from increased use for training and running AI models.”
Write Joe Woelfel at joseph.woelfel@barrons.com and Angela Palumbo in angela.palumbo@dowjones.com
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