stock rose 2.9%. Shareholders of the electric-vehicle company will finish voting Thursday on CEO Elon Musk’s $56 billion compensation package. In a tweet late Wednesday, Musk said shareholders so far were voting to pass his pay package—which awards him about 300 million incentive-laden stock options—and another resolution to move
Tesla
’s
legal home to Texas, by “wide margins.”
Separately, Tesla said it likely will raise the price of its Model 3 in Europe following new tariffs on electric vehicles made in China planned by the EU.
stock surged 12% after the semiconductor and software company’s fiscal second-quarter earnings topped analysts’ expectations and it announced a 10-for-1 stock split.
said the results were driven by strong demand for chips related to artificial intelligence and by VMware, which it acquired in late 2023. The company also boosted its fiscal-year revenue guidance.
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stock was up 0.6%. Shares in the iPhone maker closed for a third day at a record high. It passed
as the most valuable company based on market capitalization, according to Dow Jones Market Data.
stock rose 14%, extending a wild ride for the videogame retailer after shares fell 17% on Wednesday. The company planned to hold its annual shareholders meeting Thursday, but servers crashed because of overwhelming interest in the livestream.
stock was down 15% after the jewelry company’s earnings topped estimates but revenue fell in its fiscal first quarter and second-quarter guidance was short of expectations.
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reported fiscal first-quarter revenue of $588.1 million, down 1.5% from a year earlier and below Wall Street estimates of $615.9 million. Same-store sales fell a wider-than-expected 5.6%, marking the fifth-straight quarter of declining comparable-store sales. Shares tumbled 11%.
the clothing retailer, said improved traffic and “tightly controlling inventory levels” resulted in higher fiscal first-quarter profit. Shares closed up 0.8% after trading sharply lower in the session.
the maker of the Tommy Bahama and Lilly Pulitzer fashion brands, cut its fiscal-year sales and profit outlook, saying consumers have “become more cautious than originally anticipated.” Shares rose 0.8%.
stock fell 4.6% to $136.16. Shares of the standby-generator maker were downgraded to Neutral from Buy at Janney Montgomery Scott and the stock’s fair value estimate was raised to $154 from $126.
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stock rose 3% to $139.43 after receiving a double upgrade to Buy from Underperform at BofA Securities. Analysts also raised their price target on the maker of Huggies diapers and Kleenex tissue to $160 from $115.
Write to Joe Woelfel at joseph.woelfel@barrons.com
