
Please try another search
By Liz Moyer
Investing.com -- Stocks were mixed on Monday as investors awaited earnings reports from the biggest U.S. retailers this week. Here are the midday movers for Nov. 14:
Oatly Group AB ADR (NASDAQ:OTLY) stock fell 13% the dairy alternative maker reported a wider than expected quarterly loss and revenue fell short of expectations, largely because of Covid-related restrictions in China. It cut its sales forecast for the year.
Tyson Foods Inc (NYSE:TSN) stock fell 2.7% after adjusted earnings per share fell short of expectations. But it beat the forecasts for revenue as chicken got more expensive, and its sales outlook for 2023 is higher than analysts expected.
Eli Lilly and Company (NYSE:LLY) shares rose 1.5% and Biogen Inc (NASDAQ:BIIB) shares rose 4.7% after their European pharmaceutical rival Roche (OTC:RHHBY) said a trial of its drug to treat Alzheimer's disease didn't meet its goals. Lilly and Biogen are also working on Alzheimer's treatments.
Amazon.com Inc (NASDAQ:AMZN) shares fell 1.7% after a report that it was preparing to lay off 10,000 corporate jobs as early as this week as retailers head into the holiday sales season.
Bed Bath & Beyond Inc (NASDAQ:BBBY) stock fell 8.6% after the home goods retailer said it would issue 11.7 million shares to repay some of its debt. The stock, which is down 75% this year, hit a new 52-week low.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.