Midday Movers: GameStop, MongoDB, Chewy and More
By Liz Moyer
Investing.com -- U.S. stocks are slightly higher on Thursday ahead of Friday's jobs report. Here are the midday movers for June 2:
GameStop Corp (NYSE:GME) shares rose more than 10% after the meme stock and videogame retailer posted quarterly revenue of $1.38 billion, up from $1.27 billion it reported in the year-ago quarter. Its $157.9 million net loss was greater than last year's $66 million net loss. MongoDB (NASDAQ:MDB), a database platform provider, jumped 18% beating analyst expectations, with a profit of 20 cents a share on revenue of $285 million. Analysts forecast a loss of 8 cents a share on revenue of $267 million. Chewy Inc (NYSE:CHWY) stock soared 24% after the pet e-commerce company posted an unexpected profit of 4 cents per share on $2.43 billion in revenue. Analysts expected a loss of 10 cents per share on revenue of $2.42 billion. Hewlett Packard Enterprise Co (NYSE:HPE) shares dropped 6% after falling short of expectations on revenue and earnings, with a per-share profit of 44 cents on revenue of $6.7 billion. Hormel Foods Corporation (NYSE:HRL) fell nearly 6% after the food company cut its 2022 earnings guidance, now expecting earnings per share to range between $1.87 and $1.97 after previously forecasting a profit between $1.87 and $2.03 a share.
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