Stocks Fluctuate: Micron Technology and CarMax Rise, BlackBerry and Paychex Fall
Positive financial forecasts boost Micron Technology and CarMax, while BlackBerry and Paychex suffer from weak revenue forecasts.
- Micron Technology's stock rose after the company gave an encouraging profit forecast.
- BlackBerry's stock fell due to a weak revenue forecast for its current quarter.
- CarMax's third-quarter earnings beat Wall Street forecasts, leading to a rise in its stock.
- Paychex's stock fell after its fiscal second-quarter revenue fell short of analysts' forecasts.
- Cintas Corp, Apogee Enterprises, Carnival Corp, and Immunovant Inc all saw their stocks rise after positive financial forecasts and updates.