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Company News for May 25, 2023

  • Shares of Citigroup Inc. C fell 3.1% after the bank scrapped a $7 billion sale of its Mexican consumer unit Banamex.

  • Shares of Abercrombie & Fitch Co. ANF jumped 31.1%, after reporting first-quarter fiscal 2023 earnings of $0.39 per share, decimating the Zacks Consensus Estimate of a loss of $0.02 per share.

  • Intuit Inc.’s INTU shares lost 7.5%, after reporting third-quarter fiscal 2023 revenues of $6.02 billion, missing the Zacks Consensus Estimate of $6.09 billion.

  • Shares of Devon Energy Corporation DVN rose 1.1%, with energy becoming the best-performing sector in the session.

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