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GitLab Falls; Abercrombie & Fitch Shares Slide; Ross Shares Climb
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- GitLab(GTLB) shares are down after the software company’s forecast for 2027 adjusted EPS fell short of the average analyst estimate.
- Abercrombie & Fitch (ANF) shares are down after the apparel retailer’s forecast for first quarter net sales growth and profits trailed the consensus estimates. Fourth quarter comparable sales performance also missed expectations, with Hollister growth failing to reach expectations.
- Ross Stores (ROST) shares jump after the off-price apparel and home accessories retailer reported comparable sales growth for the fourth quarter of 9%, easily beating the consensus growth estimate of 4.9%. Momentum has continued, with management stating it is “very encouraged by the strong start to the Spring season.”
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