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Nvidia Falls, Bath & Body Works Slumps, Walmart Soars
Description
On this episode of Stock Movers:
- Walmart (WMT) Walmart shares rose as much as 7.3%, the most intraday since April 9, after the retail giant reported third-quarter results that topped Street expectations. Executives raised the annual guidance metric, resulting in what some analysts described as a “conservative” 4Q view.
- Nvidia (NVDA) shares fell 3.2% to $180.64 in New York after initially climbing more than 5% following a stronger-than-expected revenue forecast. The company announced sales will be about $65 billion in the January quarter and that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated.
- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.
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