Broadcom Gets a Stock-Target Increase. Analyst Thinks Anthropic Is a Big, New Customer.
Tag: consumption statistics
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Macy’s sales fall short and company lowers full-year guidance to reflect challenged consumer
Macy’s Inc.’s stock slid 9% in premarket trading Thursday, after the department-store chain posted weaker-than-expected fiscal first-quarter sales and cut its full-year guidance to reflect a challenged consumer.
The New York-based company M posted net income of $155 million, or 56 cents a share, for the quarter to April 29, down from $286 million, or 98 cents a share, in the year-earlier period. Adjusted per-share earnings were also 56 cents, ahead of the 45-cent FactSet consensus.
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Micron Sales Plunge 53%. It Is Cutting More Staff. Better Days Lie Ahead.
Micron
Technology shares are modestly higher in late trading Tuesday after the memory chip company posted financial results for its fiscal second quarter ended March 2 that were about in line with expectations, as a weak market for PCs and smartphones continued to weigh on the company’s results. Micron also said that as part of its cost-reduction program, it will reduce staff by about 15%—up from a previous plan to cut heads by 10%.But there are some promising signs for the memory chip maker.
