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Company News for Jun 9, 2023

Zacks Equity Research
·1-min read

  • GameStop Corp.‘s (GME) shares plunged 17.9% after the company fired its CEO CEO Matt Furlong and named Ryan Cohen as executive chairman.

  • Oxford Industries Inc.’s (OXM) shares tumbled 5.8% after the company reduced its guidance for 2023 owing to muted consumer demand.

  • Shares of Semtech Corp. (SMTC) surged 4.9% after posting first-quarter fiscal 2024 adjusted earnings per share of $0.02, in contrast to the Zacks Consensus Estimate of a loss per share of $0.07.

  • Shares of Signet Jewelers Ltd. (SIG) plummeted 10.7% after the company’s guidance for sales and earnings failed to meet investors’ expectations.

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Zacks Investment Research