© Reuters.
By Liz Moyer
Investing.com — Stocks were rising on Tuesday as investors awaited the release of the Federal Reserve’s minutes of its last meeting tomorrow afternoon. Here are the midday movers for Nov. 22:
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Best Buy Co Inc (NYSE:) shares rose 11.8% after the electronics retailer beat expectations for the . Same store sales fell 10.4% but that was better than the forecasts of analysts.
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Dollar Tree Inc (NASDAQ:) shares fell 8.8% after the discount retailer cited cost pressures from freight and inflation that will weigh on its results. Its revised forecast for 2022 sees annual per-share profit at the lower end of an earlier forecast for $7.10 to $7.40.
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Zoom Video Communications Inc (NASDAQ:) shares fell 4% after the internet-based video communications platform for the recent quarter but provided a weaker outlook for the fourth quarter as the former pandemic darling tries to adjust to a new post-Covid environment.
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Medtronic PLC (NYSE:) stock fell 6% after the medical device maker lowered its earnings outlook for the year. The return of surgeries has been slower than expected, and supply recovery was below its projections, it said.
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Abercrombie & Fitch Company (NYSE:) stock rose 19% after the apparel retailer a surprise 1 cent per share profit for the quarter, where Wall Street had expected a loss of 14 cents. Off-price retailer Burlington Stores Inc (NYSE:) shares rose 18% after it maintained guidance despite falling short of expectations in the recent . It expects fourth quarter adjusted margin to be flat to slightly positive compared with last year. American Eagle Outfitters Inc (NYSE:) stock jumped 17% after it expectations and said fourth quarter inventory will be down from last year.
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