Best Buy (BBY) rises on earnings, revenue beat
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Midday movers: Snowflake slumps, Okta rises, and more
February 29, 2024 8:06 AM EST(Updated - February 29, 2024 11:21 AM EST)
Investing.com -- Main U.S. indexes rose Thursday, as investors digested more corporate earnings and inflation data that fueled hopes of an interest rate cut from the Fed.
Here are some of the biggest U.S. stock movers today:
Snowflake (NYSE: SNOW) stock slumped 19% after the cloud data analytics company forecast first-quarter product revenue below Wall Street estimates on Wednesday on the expectation that customers would cut back... More
Best Buy (BBY) Tops Q4 EPS by 20c; offers guidance
February 29, 2024 7:13 AM ESTBest Buy (NYSE: BBY) reported Q4 EPS of $2.72, $0.20 better than the analyst estimate of $2.52. Revenue for the quarter came in at $14.65 billion versus the consensus estimate of $14.56 billion.
GUIDANCE:
Best Buy sees FY2025 EPS of $5.75-$6.20, versus the consensus... More
Roku (ROKU) downgraded at Wells Fargo as Walmart-Vizio deal creates 'substantial risk'
February 27, 2024 6:38 AM ESTWells Fargo analysts led by Steven Cahall downgraded Roku (NASDAQ: ROKU) from Equal Weight to Underweight on Tuesday, citing substantial risk stemming from Walmarts (NYSE: WMT) acquisition of Vizio (NYSE: VZIO).
The broker also cut the... More
