GameStop, American Eagle Outfitters, Asana and more

News Update - Previous Market

GameStop – GameStop rallied 9.2% before closing despite its share of growing quarterly losses and slumping sales. Video game retailer also announced a partnership with crypto exchange FTX. GameStop’s results are not comparable because very few analysts cover the company.

Asana – Shares of Asana jumped 19% in the money markets after a beat at top and bottom returns last quarter. The communications software company shared a smaller-than-expected loss of 34 cents per share on revenue of $134.9 million. Revenue guidance for the current quarter was also ahead of Wall Street expectations.

American Eagle Outfitters The retailer’s shares fell 14.5 percent in pre-market trading after quarterly earnings per share fell 9 cents short of expectations, according to analysts surveyed by Refinitiv. American Eagle Outfitters also said it expects higher discounts and increased promotions amid the current retail environment.

Dave & Buster’s Shares of Dave & Buster’s rose 3.5% after the company posted better-than-expected quarterly revenue. The company’s peak revenue came in at $468.4 million, topping StreetAccount’s prediction of $432.9 million. Comparable store sales also beat expectations for Dave & Buster’s.

The first solar energy – First Solar’s stock rose 4.4% after Goldman Sachs doubles up on solar tech stock to purchase and indicate the company is an immediate beneficiary of the Inflation Reduction Act.

Border group – Shares of the discount airline fell 2.9% amid Raymond James downgrade in market performance to Raymond James’ better. Shares of Allegiant Tourism has increased thanks to the upgrade to excel in the same note.

Moderna – Shares of Moderna rose 1.8% after Deutsche Bank upgraded the stock to buy, citing revised estimates following strong quarterly results.

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