WHLR - Dow Edges Higher; ABM Industries Posts Downbeat Earnings | Benzinga
U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling around 200 points on Thursday.
The Dow traded up 0.12% to 34,483.36 while the NASDAQ fell 1.35% to 13,685.87. The S&P 500, also fell, dropping, 0.52% to 4,442.47.
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Leading and Lagging Sectors
Utilities shares jumped by 0.8% on Thursday.
In trading on Thursday, information technology shares fell by 2.1%.
Top Headline
ABM Industries Incorporated (NYSE: ABM) reported weaker-than-expected earnings for its third quarter on Thursday.
The company posted revenue growth of 3.4% Y/Y to $2.028 billion, beating the consensus of $2.01 billion. Adjusted EPS of $0.79 missed the consensus of $0.89.
ABM narrowed FY23 adjusted EPS guidance range to $3.40-$3.50, compared to the prior forecast of $3.40-$3.60 and consensus of $3.52.
Equities Trading UP
Sigma Additive Solutions, Inc. (NASDAQ: SASI) shares shot up 56% to $0.3331 after the company announced plans to acquire NextTrip for around $48 million and sell assets of quality assurance software to strategic buyer.
Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) got a boost, shooting 69% to $7.69 after the company posted two forms that any holder of the Company's Series D Cumulative Convertible Preferred Stock is required to complete to redeem with redemption commencing in October 2023.
American Rebel Holdings, Inc. (NASDAQ: AREB) shares were also up, gaining 105% to $1.83 ...