After-hours movers: Affirm gains following results, Domo sinks
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Nordstrom (JWN) shares slide after revenue disappoints
August 25, 2023 8:40 AM EDTNordstrom (NYSE: JWN) shares are down premarket Friday after missing second-quarter sales expectations.
Revenue for the quarter came in at $3.62 billion, below the consensus estimate of $3.68 billion. In addition, net sales decreased 8.3% versus the same period in fiscal 2022. However, the company reported earnings of $0.81 per share, $0.36 better than the analyst estimate of $0.45.
JWN shares are down around 1% premarket, adding to its more than % decline on Thursday.
"We've worked hard to improve our operating model, and our... More
Workday (WDAY) PT Raised to $270 at TD Cowen
August 25, 2023 7:20 AM EDTTD Cowen analyst J. Derrick Wood raised the price target on Workday (NASDAQ: WDAY) to $270.00 (from $250.00) while maintaining a Outperform rating.
The analyst commented, "WDAY delivered its 5th consecutive backlog upside qtr and slightly raised FY24 guide. A lot of new... More
Intuit (INTU) PT Raised to $595 at Goldman Sachs
August 25, 2023 4:38 AM EDTGoldman Sachs analyst Kash Rangan raised the price target on Intuit (NASDAQ: INTU) to $595.00 (from $565.00) while maintaining a Buy rating.
The analyst comments "INTU is -2% despite outperforming key metrics (Revenue, Operating Margin, and EPS) all besting Consensus (FactSet) by 3%/+130bps/15%, driven by Credit Karma (+7.5% vs FactSet). Investors are likely contemplating the choppiness of payments growth (+22% vs... More
Intuit (INTU) PT Raised to $530 at Evercore ISI, 'Strong Finish To FY23 In Small Business'
August 25, 2023 4:36 AM EDTEvercore ISI analyst Kirk Materne raised the price target on Intuit (NASDAQ: INTU) to $530.00 (from $505.00) while maintaining a Outperform rating.
The analyst comments "The set up into the F4Q results was tricky as beyond having to deliver solid F4Q results (which INTU did), if the company left the FY24 tax guidance at ~10% for FY24, there would have been a ton... More
