Daily Report On Stocks That Made Big Moves On March 6, 2024

Ross Stores saw a modest 1% increase in shares following the release of their fourth-quarter results, which surpassed analysts’ predictions. The discount store chain reported earnings of $1.82 per share on $6.02 billion in revenue, exceeding the expected $1.65 per share on revenue of $5.81 billion, as reported by LSEG (formerly known as Refinitiv).

CrowdStrike witnessed a remarkable 19% surge in its cybersecurity stock after its fourth-quarter earnings exceeded estimates. The company reported earnings of 95 cents per share, outpacing the 82 cents predicted by analysts surveyed by LSEG. Additionally, CrowdStrike’s revenue of $845 million surpassed the estimated $839 million.

CrowdStrike: Q4 earnings soared 19%, surpassing estimates; revenue surpassed expectations too. (Credits: CyberSec)

Despite Nordstrom surpassing fourth-quarter earnings and revenue expectations, its shares plummeted nearly 10% due to disappointing full-year 2024 guidance provided by the department store chain. Nordstrom indicated that revenue for the upcoming year is anticipated to range from a 2% decline to a 1% gain compared to fiscal 2023.

Nordstrom: Beat Q4 earnings, and revenue; shares dropped 10% due to disappointing 2024 guidance. (Credits: Rolling Stone)

HashiCorp experienced a 1% increase in its software company shares after surpassing estimates for fourth-quarter earnings and revenue. The company also provided first-quarter revenue guidance that slightly exceeded expectations.

Box witnessed an 8% surge in its cloud storage stock after reporting fourth-quarter revenue that matched analysts’ expectations, as reported by LSEG. Additionally, Box announced a new integration with Microsoft’s Azure OpenAI Service, incorporating large language models.

Sajda Parveen
Sajda Parveen
Sajda Praveen is a market expert. She has over 6 years of experience in the field and she shares her expertise with readers. You can reach out to her at [email protected]
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