Last Updated on March 29, 2023 by Bitfinsider
Lululemon – Lululemon shares jumped more than 16% before the open on Wednesday after the company reported a robust holiday quarter and provided optimistic forecasts for the current fiscal year. The athleisure wear business posted adjusted profits per share of $4.40 on $2.77 billion in revenue, with same-store sales increasing by 27%.
Carnival Corp. — shares rose 2.5% in premarket trading after Susquehanna raised the cruise company to positive from neutral. Carnival has “ample liquidity,” according to the financial company, and should be able to increase its unit margins this year.
Bath and Body Works — Shares of the home care and perfumes store dropped more than 2% following a UBS downgrade, which stated that the company will be impacted by a recessionary climate this year and next. Many of the company’s goods, such as candles, are considered discretionary by UBS, and places where customers “will choose to spend less in a challenging macro climate.”
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