VERX - Crude Oil Moves Higher; Best Buy Posts Upbeat Earnings | Benzinga
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 100 points on Thursday.
The Dow traded down 0.16% to 38,884.96 while the NASDAQ rose 0.38% to 16,008.19. The S&P 500 also rose, gaining, 0.16% to 5,077.83.
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Leading and Lagging Sectors
Real estate shares rose by 0.6% on Thursday.
In trading on Thursday, health care shares fell by 0.5%.
Top Headline
Best Buy Co., Inc. (NYSE: BBY) posted better-than-expected fourth-quarter earnings.
The company reported fourth-quarter adjusted earnings per share of $2.72, beating the street view of $2.51. Quarterly sales of $14.646 billion beat the analyst consensus of $14.533 billion.
The firm approved a 2% increase in the regular quarterly dividend to $0.94 per share.
Best Buy sees FY25 adjusted earnings per share of $5.75-$6.20 versus the $6.13 estimate. The company sees revenue of $41.3 billion-$42.6 billion versus $42.37 billion estimate.
Equities Trading UP
Societal CDMO, Inc. (NASDAQ: SCTL) shares shot up 132% to $1.0650. Privately held CoreRx Inc. will acquire Societal CDMO, a contract development and manufacturing organization.
Shares of Enveric Biosciences, Inc. (NASDAQ: ENVB) got a boost, surging 155% to $2.12. Enveric Biosciences signed ...