Kohl’s (ticker: KSS) traded 7.6% higher after the department store retailer reported surprise earnings in the fiscal first quarter.
Abercrombie & Fitch (ANF) rose 31% after posting a surprise first-quarter profit and raising guidance.
Urban Outfitters (URBN) gained 18% after the retailer reported better-than-expected earnings and sales for the fiscal first quarter.
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Petco Health (WOOF) tumbled 18% after the pet food seller issued a weak guidance for the fiscal year.
XPeng (XPEV) American Depositary Receipts fell 5.1% after the Chinese electric vehicle maker reported a better-than-expected first-quarter loss and a 46% year-over-year drop in revenue.
Sarepta Therapeutics (SRPT) shed 11% after the biotech announced that the Food and Drug Administration had delayed its decision date on its gene therapy.
analog devices
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(ADI) fell 7.8% after the semiconductor company issued disappointing forecasts for the fiscal third quarter. It was the worst-performing company on the S&P 500.
Palo Alto Networks (PANW) reported adjusted earnings for the fiscal third quarter that beat analysts’ estimates, and the cybersecurity company raised its guidance for earnings, sales and billings for the fiscal year. The stock rose 7.7%.
Agilent Technologies (A), the maker of laboratory instruments, lowered its outlook for the fiscal year and said in a conference call that customers had become more conservative on “CapEx budgets and spending decisions.” The stock fell 5.9%.
Intuit (INTU), the company that owns TurboTax, reported third-quarter revenue that rose year over year but missed Wall Street forecasts. The company raised its earnings and revenue outlook for the fiscal year, but its fourth-quarter earnings estimate disappointed. The stock fell 7.5%.
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Moderna (MRNA) slipped 4.5%. The reading rose 8.7% on Tuesday due to rising Covid-19 infections in China.
Target (TGT) shed 2.8% after the retailer said it was discontinuing certain products and making other changes to its LGBTQ products after being rejected by customers.
Write to Joe Woelfel at joseph.woelfel@barrons.com