By Peter Nurse
Investing.com — Shares in focus incommerce on Thursday, November seventeenth. Please refresh for updates.
Kohl’s (NYSE:KSS) inventory fell 3% after the retailer withdrew its 2022 gross sales and revenue forecasts, citing an unsure financial outlook and the departure of prime boss Michelle Gass.
Macy’s (NYSE:M) inventory rose 5% after the upscale division retailer chain raised its annual revenue forecast on resilient demand from wealthier buyers.
Cisco (NASDAQ:CSCO) inventory rose 4.2% after the corporatefirst quarter income estimates, as easing provide chain constraints helped meet demand for its broad networking merchandise portfolio.
Sonos (NASDAQ:SONO) inventory rose 2.6% after the wi-fi dwelling sound system makerfourth quarter earnings and income expectations whereas saying a brand new widespread inventory repurchase program of as much as $100 million.
Alibaba (NYSE:BABA) inventory fell 1.3% after the Chinese language e-commerce large reported a shock loss after a smaller-than-expected rise inas COVID-19 curbs and a worsening financial outlook stifled client spending.
Tub & Physique Works (NYSE:BBWI) inventory soared 21% after the retail chain raised its full-year steerage following stronger-than-expected.
Activision Blizzard (NASDAQ:ATVI) inventory fell 0.9% after the online game developer introduced it was ending its 14-year partnership with Chinese language gaming firm NetEase (NASDAQ:NTES), down 0.7%, shutting down hit video games like World of Warcraft in China.