Midday movers: Dollar General, Salesforce, Kroger and more
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By Liz Moyer
Investing.com -- Stocks were lower on Thursday as investors paused to await Friday's report on November jobs. Here are the midday movers for Dec. 1.
Dollar General Corporation (NYSE: DG) shares fell 8.4% after the discount retail chain cut its annual forecast citing higher costs and missed expectations for profit. Revenue and same-store sales were higher than expected.
Salesforce Inc (NYSE: CRM) stock dropped 9.8% after the human resources software provider said co-CEO Bret Taylor would be leaving the company, leaving co-founder Mark Benioff as sole CEO. The company beat expectations on profit and revenue.
Kroger Company (NYSE: KR) stock dipped 0.4% after the grocery giant reported better than expected profit and sales and raised its full-year outlook. Comparable store sales rose 6.9%, beating expectations. Costco Wholesale Corp (NASDAQ: COST) shares fell 6% after it said online sales dipped 10% in November.
Okta Inc (NASDAQ: OKTA) shares jumped 23% after the security software maker beat estimates. It said revenue growth for fiscal 2024 should be around 16% to 17%, which was below expectations. But it also reported positive operating margin in the recent quarter.
Designer Brands Inc (NYSE: DBI) shares fell 22% after earnings per share fell short of expectations. It cut its full-year 2022 EPS guidance to $1.75 to $1.80, down from earlier guidance of $2.05 to $2.15.
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