Up:

Lamb Weston Holdings Inc. Climbs on Positive Earnings Report

Lamb Weston Holdings Inc. (LW) experienced a 3.2% increase in its share price after reporting fiscal Q2 adjusted earnings and revenue that exceeded analyst expectations. The company also provided an optimistic outlook for fiscal 2024, expecting adjusted earnings on revenue that aligns with analyst forecasts. This positive financial performance and outlook have led to an increase in investor confidence.

Trip.com Sees Boost from Increased Travel Bookings

Trip.com Group Limited (TCOM) jumped 7% after a reported fivefold surge in outbound bookings for the New Year's Day holiday in China, with domestic trip bookings nearly tripling. The uptick in travel activity follows the easing of COVID-19 restrictions and is a positive indicator for the travel industry.

EPAM Systems Inc. Gains on Analyst Upgrade

EPAM Systems Inc. (EPAM) saw its shares increase by 4% following an upgrade by Wolfe Research from 'Peer Perform' to 'Outperform'. 

Down:

Mobileye Global Inc. Falls on Sales Warning and Analyst Downgrade

Mobileye Global Inc. (MBLY) saw its shares plummet by 25% following a sales warning and a downgrade by Wolfe Research from 'Outperform' to 'Peer Perform'. The company, known for its autonomous driving technologies, issued a sales warning due to an accumulation of inventory at its major clients. Mobileye anticipates a 50% drop in first-quarter revenue compared to the previous year and has revised its fourth-quarter 2023 revenue forecast downwards. 

Walgreens Cuts Dividend Amid Disappointing Results

Walgreens Boots Alliance (WBA) shares fell by 6.5% after reporting a 48% cut in its quarterly dividend and mixed fiscal first-quarter results. Despite a 10% increase in revenue, the company's adjusted net earnings saw a significant decrease. The dividend reduction is part of a strategy to invest in growth and pay down debt, but it has raised concerns among investors about the company's future profitability and cash flow.

RPM International Inc. Sees Shares Fall on Earnings Miss

RPM International Inc. (RPM) reported a 4.6% decline in its stock price to $102 after announcing fiscal Q2 adjusted earnings that slightly missed analyst expectations and flat sales compared to the previous year. The company also adjusted its sales outlook for fiscal Q3 and the full year, predicting low-single-digit percentage growth rather than the previously forecasted mid-single-digit growth. This adjustment and the earnings miss have contributed to the negative investor sentiment.