Big Lots (BIG) surges after posting narrower-than-expected loss despite sales decline
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Midday movers: Snowflake, Salesforce, and more
November 30, 2023 8:12 AM EST(Updated - November 30, 2023 12:12 PM EST)
Investing.com -- Main U.S. indexes were mixed on Thursday after inflation and jobs data didnt change investors' opinion on the timing of Fed rate cuts. The Dow Jones Industrial Average climbed 0.8%, with gains led by Salesforce. Nasdaq slumped 0.7%, and the S&P 500 was down 0.1%.
Here are some of the biggest U.S. stock movers today:
Snowflake (NYSE: SNOW) stock rose 5% after the data warehousing company impressed with its... More
Big Lots (BIG) Posts Smaller-than-Expected Q3 Loss
November 30, 2023 7:03 AM ESTBig Lots (NYSE: BIG) reported Q3 EPS of ($4.38), $0.30 better than the analyst estimate of ($4.68). Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.03 billion.
GUIDANCE:
For the fourth quarter, the company expects comp sales to improve relative to the third quarter and be in the high-single-digit negative range, as... More
Big Lots (BIG) names Kristen Cox as SVP, Chief Stores Officer
November 30, 2023 6:50 AM ESTBig Lots, Inc. (NYSE: BIG) announced the appointment of two new leaders to fill roles on its senior leadership team. Experienced stores leader Kristen Cox is joining Big Lots as SVP, Chief Stores Officer, and closeout merchandising leader Seth Marks is joining the... More
Big Lots (BIG) PT Lowered to $5.50 at Telsey
November 28, 2023 5:06 AM ESTTelsey analyst Joseph Feldman lowered the price target on Big Lots (NYSE: BIG) to $5.50 (from $8.50) while maintaining a Market Perform rating.... More
