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Stocks making the biggest moves midday: American Eagle Outfitters, American Airlines, Verint Systems and more

Garry Wills by Garry Wills
December 5, 2024
in Business Finance
Stocks making the biggest moves midday: American Eagle Outfitters, American Airlines, Verint Systems and more
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Check out the companies making headlines in midday trading. American Eagle Outfitters – The stock fell 14% after the apparel retailer missed revenue expectations for the third quarter and provided weak holiday guidance. The company anticipates that comparable sales will rise 1% and total sales will decline 4%. Analysts were expecting comparable sales growth of 2.2%, according to StreetAccount. American Airlines – Shares rose nearly 16% after the airline announced it’s going to drop Barclays as a credit card partner , making Citi its sole partner. The deal with Citi is expected to take effect in January 2026. Five Below – The discount retailer surged more than 11% after beating Wall Street estimates on the top and bottom lines in the third quarter. Five Below reported adjusted earnings per share of 42 cents on revenue of $844 million. LSEG consensus forecasts called for 17 cents per share in earnings and $799 million in revenue. Dollar General – Shares pulled back more than 3%. The discount retailer lowered the top end of its full-year earnings guidance, and now forecasts a range of $5.50 to $5.90 per share. That’s compared to a prior outlook that called for $5.50 per share to $6.20, and an estimate of $5.82 per share from analysts polled by FactSet. SentinelOne – Shares fell around 9% following the cybersecurity company’s third-quarter results. SentinelOne reported adjusted breakeven earnings which were slightly below the consensus estimate of 1 cent per share, according to LSEG. On the other hand, revenues beat the Street’s expectations. AeroVironment – The stock moved 13% lower after the manufacturer of uncrewed aircraft systems provided a weak forecast for the full year. For the full year, AeroVironment expects revenue to come in between $790 million and $820 million, lower than the consensus estimate of $828 million, per LSEG. The company also forecasted disappointing adjusted earnings for the full year, anticipating between $3.18 and $3.49 per share versus the consensus estimate of $3.49 per share. ChargePoint Holdings – Shares of the electric vehicle charging station operator surged 17% after reporting third-quarter revenue of $99.6 million, while analysts polled by FactSet had anticipated revenue of $89.8 million. Synopsys – The semiconductor stock tumbled 10%. Synopsys issued weak guidance for its earnings and revenue in the fiscal first quarter. The company is calling for earnings to range between $2.77 and $2.82 per share, while analysts polled by LSEG sought $3.53 per share. Signet Jewelers – Shares fell more than 11% after the jewelry retailer trimmed its outlook for the full year. Signet now sees adjusted earnings coming in at $9.62 to $10.08 per share, compared to earlier guidance of $9.90 to $11.52 per share. The forecast also missed analysts’ estimate for $10.59 a share, per FactSet. Verint Systems – The stock surged almost 25% after the company posted better-than-expected adjusted earnings and revenue for the third quarter. For the period, Verint earned 54 cents per share, excluding items, on revenue of $224.2 million. That’s above the 43 cents per share in earnings on $210.1 million in revenues that analysts polled by FactSet were expecting. Southwest Airlines – Shares popped 4% after Southwest Airlines disclosed in a regulatory filing that it raised its fourth-quarter guidance for operating revenue per available seat mile. The airline now sees a 5.5% to 7.0% increase from the year-ago period, up from prior guidance of a 3.5% to 5.5% gain. — CNBC’s Brian Evans, Lisa Kailai Han and Sarah Min contributed reporting.



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