BSE - Delayed Quote • INR Asian Petro Products and Exports Limited (ASINPET.BO) Follow Add holdings 9.07 -0.13 (-1.41%) At close: 3:25:54 PM GMT+5:30 Related News Macy's beats lowly earnings expectations as the retailer faces tariffs and cautious consumers Macy's beat muted estimates as it attempts a turnaround under CEO Tony Spring. Oklo nuclear project, US Steel–Nippon deal, AMC record revenue Josh Lipton takes a look at today's top stories in this segment of Market Minute. Oklo (OKLO) is rising as it announces it will collaborate with Korea Hydro & Nuclear Power on a nuclear project. US Steel (X) is rising as Nippon Steel (NPSCY) is expected to close the acquisition of the company soon. AMC (AMC) is soaring after announcing record-breaking Memorial Day weekend revenue. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. 2 things in focus in Macy's Q1 earnings report Macy's (M) reports first quarter results before Wednesday's opening bell. Coresight Research CEO and founder Deborah Weinswig joins Morning Brief to discuss what investors can expect from the company's earnings print. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. GameStop buys bitcoin worth $513 million in crypto push GameStop said in a filing it acquired 4,710 bitcoins, although it did not disclose the period for the purchases. The world's largest cryptocurrency was trading down 0.7% at $108,903 by 7 a.m. ET. The purchases are GameStop's first bitcoin purchase since unveiling its plans in March to invest in the digital asset, adopting a strategy pioneered by Michael Saylor's Strategy, an enterprise software company and the largest corporate holder of bitcoin. Okta to Present at Upcoming Investor Conferences SAN FRANCISCO, May 28, 2025--Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced that members of its management team are scheduled to participate in upcoming investor conferences. Macy’s Cuts Profit Outlook Despite Solid Spring-Season Sales Macy’s cut its full-year earnings guidance to account for global tariffs and some moderation in consumer spending, but reported a smaller decline in sales than expected for the spring quarter. Abercrombie and Fitch’s (NYSE:ANF) Q1 Sales Beat Estimates, Stock Jumps 25.5% Young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 7.5% year on year to $1.1 billion. The company expects next quarter’s revenue to be around $1.18 billion, close to analysts’ estimates. Its GAAP profit of $1.59 per share was 19.7% above analysts’ consensus estimates. Box Stock Climbs After Strong First-Quarter Earnings Report Box Inc. stock was climbing in premarket trading Wednesday after the cloud storage company beat earnings expectations for the first quarter and raised revenue guidance for the remainder of the fiscal year. Box management also raised its revenue forecast for fiscal 2026 to $1.165 billion to $1.17 billion from a previous range of $1.155 billion to $1.16 billion. Box shares jumped 10% to $34.72 in premarket trading. Abercrombie & Fitch Stock Surges 26% on Earnings Beat and Record Net Sales Shares of Abercrombie & Fitch soared in premarket trading Wednesday after the apparel retailer posted fiscal first-quarter earnings that surpassed analysts’ expectations. Adjusted earnings of $1.59 a share topped the $1.36 Wall Street was anticipating, according to FactSet Net sales of $1.1 billion were up 8% from the previous year and above estimates of $1.06 billion. Shares surged 26% to $96.99 in premarket trading. These Stocks Are Moving the Most Today: Nvidia, Tesla, Okta, Abercrombie & Fitch, Box, DJT, Macy’s, and More Nvidia is scheduled to report first-quarter earnings after the closing bell Wednesday, Tesla shares trade higher, and Okta tumbles following a disappointing forecast. Abercrombie shares surge as strong demand drives first-quarter beat Shares of the company, which has been rattled by U.S. President Donald Trump's erratic tariff policy moves, have lost nearly half of their value so far this year. However, Abercrombie joined several retailers including upscale apparel brand Ralph Lauren in cutting its annual profit forecast amid expectation of uneven demand due to tariffs. The company now expects annual net income per share in the range of $9.50 to $10.50, compared with prior forecast of $10.40 to $11.40 per share. Abercrombie: Fiscal Q1 Earnings Snapshot NEW ALBANY, Ohio (AP) — Abercrombie & Fitch Co. (ANF) on Wednesday reported fiscal first-quarter earnings of $80.4 million. The New Albany, Ohio-based company said it had net income of $1.59 per share. The results topped Wall Street expectations. Abercrombie & Fitch Co. Reports First Quarter Fiscal 2025 Results Record first quarter net sales of $1.1 billion, up 8% from last year, exceeding outlookNet sales growth across regions, with Americas up 7%, EMEA up 12% and APAC up 5%Brand performance led by Hollister brands’ growth of 22% with Abercrombie brands down 4% compared to last yearProfitability exceeds company outlook with operating margin of 9.3%, earnings per share of $1.59Repurchased 2.6 million shares for $200 million, representing 5% of shares outstanding at February 1, 2025 NEW ALBANY, Ohio, Ma Bank of Montreal Raises Dividend After Rise in Quarterly Earnings Bank of Montreal bumped up its dividend after earnings in its second-quarter were lifted by strength in its wealth management business. Macy’s Cuts Earnings Guidance on Tariff and Spending Uncertainty. The Stock Rises. The department store posts a better-than-feared first quarter but trims fiscal-year profit guidance. Capri Holdings: Fiscal Q4 Earnings Snapshot The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share. The luxury retailer posted revenue of $1.03 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $982.8 million. Photronics: Fiscal Q2 Earnings Snapshot PLAB) on Wednesday reported earnings of $8.9 million in its fiscal second quarter. The Brookfield, Connecticut-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 40 cents per share. Photronics (NASDAQ:PLAB) Reports Q1 In Line With Expectations But Stock Drops Semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 2.8% year on year to $211 million. On the other hand, next quarter’s revenue guidance of $204 million was less impressive, coming in 7.3% below analysts’ estimates. Its non-GAAP profit of $0.40 per share was 16.7% below analysts’ consensus estimates. Dick's (NYSE:DKS) Beats Q1 Sales Targets Sporting goods retailer Dick’s Sporting Goods (NYSE:DKS) announced better-than-expected revenue in Q1 CY2025, with sales up 5.2% year on year to $3.17 billion. On the other hand, the company’s full-year revenue guidance of $13.75 billion at the midpoint came in 0.8% below analysts’ estimates. Its GAAP profit of $3.24 per share was 0.7% above analysts’ consensus estimates. Macy's sales and profit slipped and it and trimmed its profit forecast for 2025, but it beat 1st quarter expectations Macy's sales and profit slipped and it and trimmed its profit forecast for 2025, but it beat 1st quarter expectations. Performance Overview Trailing total returns as of 5/28/2025, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX (^BSESN) Return ASINPET.BO S&P BSE SENSEX (^BSESN) YTD -33.01% +4.06% 1-Year -36.48% +8.17% 3-Year -36.48% +48.15%