Last Updated on May 17, 2023 by Bitfinsider
TJX Companies — Shares slid around 1% before the market opened after the retailer disclosed a revenue miss. First-quarter revenue was $11.78 billion, less than the $11.82 billion projected by Refinitiv analysts surveyed. TJX also forecasted second-quarter profits per share of 72 cents to 75 cents, compared to the 79 cents expected by analysts. Even though first-quarter earnings per share above expectations, full-year forecasts fell short.
Target — The stock of the big-box retailer fell less than 1% in tumultuous trading after the business exceeded earnings projections in the fiscal first quarter, despite sales barely increasing year over year. Target also stated that it anticipates sales to remain slow in the current quarter, with comparable sales falling by a single digit. The retailer maintained its previous full-year forecast.
Zions Bancorporation — The Salt Lake City-based bank gained 4.7% in premarket trade as regional banks rose, headed by Western Alliance. The SPDR S&P Regional Banking ETF gained 1.7%.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
