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Macy’s, Cisco, Sonos rise premarket; Kohl’s, Alibaba fall


Nov 24, 2022

By Peter Nurse

Investing.com — Shares in focus in premarket commerce 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 corporate beat first 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 maker beat fourth 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 in quarterly income as 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 third quarter outcomes.

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.

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Macy’s, Cisco, Sonos rise premarket; Kohl’s, Alibaba fall

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