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Gap Falls as Earnings Disappoint; Marvell Soars; Nutex Health Shares Fall
Published 1 week, 2 days ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Gap (GAP) shares fall after Old Navy, the clothing retailer’s biggest brand, missed consensus expectations for same-store sales growth. Its forecast for 1Q gross margins was also weaker than analysts expected, as tariffs presented a 2 percentage-point headwind.
- Marvell Technology (MRVL) shares jumped after the chipmaker delivered a bullish sales outlook, saying that data center demand was growing even faster than anticipated.
- Nutex Health (NUTX) fell 30% in trading after company reported EPS and sales below estimates.
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