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Broadcom Sinks After Disappointing Outlook; CrowdStrike Results Fail to Wow; Petco Shares Drop
Published 2 weeks, 4 days ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Broadcom (AVGO) shares fall after the chipmaker gave an outlook that was seen as underwhelming, given the industry’s AI-related demand. Analysts note that AI sales and margins for the current quarter are weaker than expected.
- CrowdStrike (CRWD) shares are down after the security software company reported first-quarter results beat, which wasn’t strong enough to lift the stock that has more than doubled from a March low.
- Petco (WOOF) shares tumble after the pet health and wellness company’s second-quarter adjusted Ebitda forecast came in below the average analyst estimate.
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