Company news from May 19, 2022

  • Shares of Lowe’s Companies, Inc. LOW fell 5.3% after the company reported revenue of $23,659 million in the first quarter of fiscal 2023, missing the Zacks consensus estimate of 23,731 millions of dollars.
  • SCVL shares of Shoe Carnival, Inc. fell 16.5% after the retailer posted revenue of $317.53 million in the first quarter of fiscal 2022, missing Zacks consensus estimate of 329 .15 million.
  • Shares of Doximity, Inc. DOCS fell 10.3% after the company announced a weaker-than-expected sales outlook for the current quarter.
  • AutoWeb, Inc.’s AUTO shares fell 18.6% after the company warned investors it had ‘substantial doubt’ whether it would be able to continue ‘operating’ due to its tight cash position .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson