Hormel selling off, Alibaba moving higher, L Brands takes a dive
Let’s check out the Yahoo Finance charts of the day.
Hormel (HRL): The owner of Skippy and Spam brands cut its sales outlook as they face increasing supplies of meat products and pressure from tariffs. The company trimmed its full-year revenue guidance to between $9.4 billion to $9.6 billion.
Alibaba (BABA): The e-commerce giant reported adjusted earnings below the consensus estimate. Revenue was above forecasts and jumped 61% from a year earlier. Baba saw a jump of 17 million mobile monthly average users from the prior quarter, to a total of 634 million.
L Brands (LB): The Victoria’s Secret parent came in 2 cents a share above estimates, with quarterly earnings of 36 cents per share.
For more on today’s big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.
