SOBR - Gold Down 1%; Bath & Body Works Shares Tumble After Q1 Results | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 50 points on Tuesday.
The Dow traded down 0.14% to 38,516.73 while the NASDAQ fell 0.38% to 16,764.41. The S&P 500 also fell, dropping, 0.39% to 5,262.91.
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Leading and Lagging Sectors
Real estate shares rose by 0.8% on Tuesday.
In trading on Tuesday, energy shares fell by 1.7%.
Top Headline
Shares of Bath & Body Works Inc (NYSE:BBWI) fell around 10% during Tuesday's session after the company reported results for its first quarter.
Bath & Body Works reported a first-quarter FY24 sales decline of 0.9% year-on-year to $1.38 billion, beating the analyst consensus estimate of $1.36 billion. Adjusted EPS of 38 cents beat the analyst consensus estimate of 32 cents.
Bath & Body Works narrowed FY24 EPS guidance to $3.05-$3.35 (prior $3.00 – $3.35) versus the consensus of $3.31. The company also narrowed its FY24 sales outlook to decline of 2.5% – 0% (prior decline of 3% – 0%).
The company said it sees second-quarter sales to decline 2% – flat and sees ...