Capri Holdings (NYSE:CPRI) reported fiscal fourth quarter results that showed stronger-than-expected profitability but weaker-than-expected revenue, sending shares down more than 6% on Wednesday afternoon.
The company posted adjusted earnings per share of $0.22, more than double the $0.11 consensus estimate.
PDD Holdings Inc (NASDAQ:PDD) shares fell nearly 11% on Wednesday after the Chinese e-commerce giant reported first-quarter revenue and profit that came in well below analyst expectations, even as the company unveiled an ambitious three-year supply chain investment program.
Total revenue for the quarter grew 11% year-on-year to RMB106.2 billion ($15.4 billion), missing consensus estimates of $15.9 billion by approximately 2.2%. Non-GAAP net profit of RMB14.1 billion fell sharply short of the consensus forecast of RMB24.6 billion.
Abercrombie & Fitch (NYSE:ANF) shares rose about 12% after the company reported first-quarter results that beat profit expectations, while revenue slightly missed and comparable sales declined.
For the quarter ended May 2, the company posted adjusted earnings of $1.47 per share, above analyst expectations of $1.28.
Bath & Body Works Inc (NYSE:BBWI) jumped 12.8% in Wednesday morning trading after the retailer posted first-quarter results above both its own guidance and Wall Street estimates, while reaffirming its full-year outlook, easing concerns about the trajectory of the business.
Adjusted EPS of $0.32 beat consensus of $0.29 and topped the guided range of $0.24 to $0.30. Net sales of $1.38 billion, down 3.2% year-over-year, came in ahead of the $1.36 billion consensus and the company's guided range of down 4% to 6%. Adjusted operating income of $151 million significantly topped estimates of $141 million.
Dick's Sporting Goods (NYSE:DKS) reported first quarter results that topped Wall Street expectations on revenue and earnings, but its shares fell nearly 6% after the company lowered its full-year profit outlook.
Dick’s lowered its full-year GAAP earnings per share guidance to a range of $13.27 to $14.27, down from $13.70 to $14.70 previously.
Zscaler Inc. (NASDAQ:ZS) shares fell more than 31% on Wednesday after the cloud security company shared softer-than-expected forward guidance, drawing attention from a modest fiscal third quarter earnings beat.
For the fiscal fourth quarter, Zscaler projected revenue of $875 million to $878 million, slightly below consensus expectations of $879 million. The company also guided non-GAAP earnings per share of $1.08 to $1.09.
Immunic Inc (NASDAQ:IMUX, FRA:10VA) has named biopharmaceutical executive Erik Lundgren as its CEO as the company advances its multiple sclerosis treatment candidate through late-stage development and prepares for potential commercialization.
Lundgren succeeds Daniel Vitt, who will continue to oversee scientific strategy and portfolio advancement while remaining on the company’s board of directors.