Target, Krispy Kreme fall; Hill International, Lowe’s rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $4.85 to $175.34. The retailer’s second-quarter profit fell far short of Wall Street forecasts as it slashed prices to clear unwanted inventories of clothing, home goods and electronics. Lowe’s Companies Inc., up $1.25 to $215.37. The home improvement retailer’s second-quarter profit beat Wall Street forecasts. Children’s Place Inc., down $6.02 to $48.93. The children’s clothing and accessories chain reported a surprise second-quarter loss due to supply chain problems and inflation. Agilent Technologies Inc., up $9.52 to $142.29. The scientific instrument maker raised its financial forecast for the year after reporting strong fiscal third-quarter earnings. Krispy Kreme Inc., down $1.76 to $12.76. The doughnut wholesaler and retailer’s second-quarter financial results fell short of analysts’ forecasts. Manchester United Plc., up 89 cents to $13.67. Tesla CEO Elon Musk tweeted that he was buying the English soccer team Manchester United, before calling it a joke a few hours later.
Target, Krispy Kreme fall; Hill International, Lowe’s rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $4.85 to $175.34. The retailer’s second-quarter profit fell far short of Wall Street forecasts as it slashed prices to clear unwanted inventories of clothing, home goods and electronics. Lowe’s Companies Inc., up $1.25 to $215.37. The home improvement retailer’s second-quarter profit beat Wall Street forecasts. Children’s Place Inc., down $6.02 to $48.93. The children’s clothing and accessories chain reported a surprise second-quarter loss due to supply chain problems and inflation. Agilent Technologies Inc., up $9.52 to $142.29. The scientific instrument maker raised its financial forecast for the year after reporting strong fiscal third-quarter earnings. Krispy Kreme Inc., down $1.76 to $12.76. The doughnut wholesaler and retailer’s second-quarter financial results fell short of analysts’ forecasts. Manchester United Plc., up 89 cents to $13.67. Tesla CEO Elon Musk tweeted that he was buying the English soccer team Manchester United, before calling it a joke a few hours later.