© Reuters.
By Liz Moyer
Investing.com — Stocks were mixed on Wednesday as investors tried to shake off recession fears ahead of next week’s Fed meeting. Here are the midday movers for Dec. 7.
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Brown Forman (NYSE:) stock fell 8% after the maker of Jack Daniels of expectations for profit and revenue in the recent quarter. It expects fiscal 2023 organic sales growth in the single-digit range as supply chain constraints ease.
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Campbell Soup Company (NYSE:) stock rose 5.4% after the food maker delivered profit and net sales for the that beat analyst expectations. It is forecasting net sales growth of 7% to 9% for fiscal 2023, up from an earlier forecast of 4% to 6% growth. It also raised expectations for adjusted EPS for the fiscal year.
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Toll Brothers Inc (NYSE:) stock rose 6.4% after the better than expected revenue and profit as it delivered more houses in the quarter compared to last year. In related housing news, Lowe’s Companies Inc (NYSE:), the home improvement store, announced a $15 billion share buyback.
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MongoDB (NASDAQ:) stock rose 21% after the cloud database company . It now expects adjusted earnings for the fourth quarter to be between 6 cents and 8 cents a share, beating expectations. It expects a profit for the full year and revenue between $1.257B and $1.26B.
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Mobileye Global Inc (NASDAQ:) stock rose 8.6% after the maker of cameras and other equipment for cars forecast revenue for the year of $1.831B to $1.849B, higher than what analysts are forecasting. The stock started trading on its own in October after Intel (NASDAQ:) spun off the company.
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