Levi Strauss, Lamb Weston, Ford, BlackBerry, Paramount, HubSpot, Block, Conagra, and More Movers
Stocks fell Thursday, with the Dow Jones Industrial Average clocking in its worst weekly performance in over a year.
reported fiscal first-quarter adjusted earnings that beat analysts’ estimates and raised its fiscal-year outlook. The stock jumped 12%. Adjusted profit of 26 cents a share beat forecasts of 21 cents. The jeans maker slightly raised its adjusted earnings outlook for the fiscal year to between $1.17 and $1.27 a share, up from previous guidance of $1.15 to $1.25 a share. Revenue projections were unchanged with
still expecting fiscal-year growth of between 1% and 3% year over year.
Shares of
tumbled 19% after fiscal third-quarter revenue at the potato grower missed estimates and the company reduced fiscal-year guidance because of soft near-term restaurant traffic trends and a transition to a new enterprise resource planning system.
fell 3.2% after the auto maker said it was delaying some spending on all-electric vehicles to focus more on hybrids. “By the end of the decade, the company expects to offer hybrid powertrains across its entire Ford Blue lineup in North America,” the company said in a statement. Ford said it was “re-timing” the launch of upcoming electric vehicles, saying it will produce an all-electric, three-row vehicle at its assembly plant in Oakville, Ontario, in 2027, later than its prior target of 2025.
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reported a fiscal fourth quarter adjusted profit of 3 cents a share, compared with a loss of 4 cents that was expected by Wall Street. Revenue at the cybersecurity company rose 15% to $173 million, topping expectations of $150.5 million. The stock rose 2.5%.
fell 8.5% after the stock jumped 15% on Wednesday following a report from the Journal that said members of Paramount’s board agreed to enter exclusive merger discussions with Skydance Media. The agreement means that the owner of streaming service Paramount+ won’t be able to entertain offers from any other interested parties for 30 days. Apollo Global Management over the weekend offered to buy the entire company for $26 billion, including debt, the Journal reported.
rose 5% following a report from Reuters that said
has been talking to its advisers about making an offer for the marketing software company.
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was up 5.4% after the packaged food giant company reported fiscal third-quarter profit and sales that beat analysts’ expectations.
fell 6.2% to $74.73 after analysts at Morgan Stanley downgraded shares of the payments company to Underweight from Equal Weight and reduced the price target to $60 from $62.
was raised to Outperform from In-Line by Evercore ISI, with analysts boosting their price target on the stock to $80 from $65. Shares of the online home-furnishings retailer were up 0.5% to $62.72.
declined 5% after shares of the car rental company were downgraded to Sell from Neutral at
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Write to Joe Woelfel at joseph.woelfel@barrons.com
