Gap Sinks, Costco Rises, Airbnb Falls After Truist Downgrade
On this episode of Stock Movers:- Gap (GAP) shares sink after the company predicted a tariff impact of up to $300 million and revealed weakness at Banana Republic and Athleta. The retailer reiterated its guidance for sales and operating income this year, but this does not include the potential impact of tariffs, and has strategies to mitigate more than half of the tariff cost.- Costco Wholesale (COST) shares rise after the company posted better-than-expected earnings in the third quarter, with earnings per share of $4.28, above Wall Street analysts' expectations. The company is navigating…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.