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home / news releases / AOUT - Hot Stocks: ORCL AVGO COST rise on earnings news; CHWY AOUT drop

AOUT - Hot Stocks: ORCL AVGO COST rise on earnings news; CHWY AOUT drop

American Outdoor Brands Inc.
Another round of earnings news stirred trading in Friday's pre-market action. Oracle (NYSE:ORCL) and Broadcom (NASDAQ:AVGO) both rallied on their respective quarterly results, with the stocks also getting a boost from the announcement of future stock repurchases. Earnings news also gave a boost to shares of Costco (NASDAQ:COST). Chewy (NYSE:CHWY) and American Outdoor Brands (NASDAQ:AOUT) moved in the opposite direction following their quarterly results. Disappointing financial figures sent the shares lower before the opening bell. Gainers Oracle (ORCL) jumped nearly 12% after the company reported a quarterly profit that beat expectations. The company also reiterated its forecast for the full year and raised its stock repurchase authorization to $10B. Broadcom (AVGO) also saw pre-market strength. Shares rose 6% after the company exceeded forecasts with its latest earnings figure. The company also raised its dividend and announced a $10B stock repurchase plan. Costco (COST) posted a quarterly profit that surpassed estimates,

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Hot Stocks: ORCL, AVGO, COST rise on earnings news; CHWY, AOUT drop
Stock Information
Company Name: American Outdoor Brands Inc.
Stock Symbol: AOUT
Market: NASDAQ
Website: aob.com
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