Athletic apparel retailer Lululemon (NASDAQ:LULU) announced better-than-expected revenue in Q4 CY2024, with sales up 12.7% year on year to $3.61 billion. On the other hand, next quarter’s revenue guidance of $2.35 billion was less impressive, coming in 2.1% below analysts’ estimates. Its GAAP profit of $6.14 per share was 4.6% above analysts’ consensus estimates.
Trump has pushed ahead with hefty auto tariffs, stoking fears over a full-on trade war.
Fashion conglomerate Oxford Industries (NYSE:OXM) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 3.4% year on year to $390.5 million. On the other hand, next quarter’s revenue guidance of $385 million was less impressive, coming in 4.9% below analysts’ estimates. Its non-GAAP profit of $1.37 per share was 8.1% above analysts’ consensus estimates.
Shares of office furniture manufacturer Steelcase (NYSE:SCS) jumped 13% in the pre-market session after the company reported an impressive fourth quarter 2024 results which blew past analysts' EPS expectations, while sales were in line.
Shares of auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) jumped 8.6% in the afternoon session after shares of auto parts companies rose as the 25% tariffs announced by President Trump on all vehicles imported into the US suggested new vehicles might be more expensive. Anticipating higher prices, markets were betting that consumers would delay purchasing new vehicles and instead hold on to their current ones longer. This shift in behavior is expected to boost demand for car ren
U.S. natural gas futures shook off a bearish storage report and settled higher as the market looked to demand for gas to refill inventories over the summer. The Nymex April contract went off the board at $3.95/mmBtu, up 2.3%, and gas for May delivery settled up 1.4% at $3.925.
Shares of IT distribution giant TD SYNNEX (NYSE:SNX) fell 18.1% in the morning session after the company reported weak first-quarter 2025 results with sales, operating profits, and earnings all falling short of Wall Street's expectations. Its revenue guidance for next quarter missed significantly, and its EPS guidance for next quarter fell short of Wall Street's estimates.
Shares of automotive manufacturer Ford (NYSE:F) fell 5.3% in the pre-market session after President Trump announced 25% tariffs on all cars imported into the United States. Stocks of automakers that don't source materials and make all vehicles in the United States appeared to have been hit the hardest. The prospect of higher tariffs raises concerns about reduced profit margins, disrupted operations, and a potential slowdown in future growth. For these automakers, the new policy also introduces f
Shares of global car rental company Hertz (NASDAQ:HTZ) jumped 24.2% in the morning session after shares of car rental companies rose as the 25% tariffs announced by President Trump on all vehicles imported into the US suggested new vehicles might be more expensive.
Shares of customer experience solutions provider Concentrix (NASDAQ:CNXC) jumped 38% in the afternoon session after the company reported impressive first quarter 2025 results which beat analysts' EPS and EBITDA expectations. Adjusting for currency swings, revenue managed to inch up a bit, with momentum driven by demand for the company's AI offerings, and this could partly be responsible for the improved market optimism.
