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Broadcom Gets a Stock-Target Increase. Analyst Thinks Anthropic Is a Big, New Customer.
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Tag: Usage/Consumption Statistics
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Macy’s sales fall short and company lowers full-year guidance to reflect challenged consumer
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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.
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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.
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