Best Buy, Kroger, Burlington and others

An employee carries a TV next to a customer’s car at the Best Buy store in Orlando, Florida.

Paul Hennessy SOPA images LightRocket | Getty Images

See the companies leading titles in the lunch trade.

Best buy – Retail stocks jumped 8% after the company announced a 26% increase in its quarterly dividend. This move comes despite Best Buy reporting adjusted profits that are exactly in line with Refinitiv’s consensus assessment.

Kroger – The grocery chain said its shares jumped 11.1% after exceeding Wall Street’s earnings expectations. The company reported adjusted fourth-quarter earnings of 91 cents a share on revenue of $ 33.05 billion. Analysts were looking for a profit of 74 cents per share on revenue of $ 32.86 billion, according to Refinitiv.

BJ’s Wholesale – Shares fell 13.3% after the wholesaler missed Wall Street’s expectations for quarterly earnings. BJ’s reported revenue of $ 4.36 billion, compared to analysts’ expected $ 4.4 billion, according to StreetAccount.

Large lots – Shares fell 2.4% in lunch trading after a report of bad profits. The company reported earnings of $ 1.75 per share compared to Refinitiv’s consensus estimate of $ 1.89 per share.

Burlington – Shares fell 10.9% in lunch trading after a lack of consensus estimates in the holiday income statement. Burlington reported a quarterly adjusted earnings of $ 2.53 per share on revenue of $ 2.6 billion, which is less than Refinitiv’s consensus estimates of $ 3.25 per share on $ 2.78 billion in sales.

Snowflake – Shares fell 17.2% at noon after the software company reported gains showing the slowest sales growth since at least 2019. Revenue for the fourth quarter was above analysts’ forecasts and rose 101% year-over-year. The company reported an adjusted loss of 43 cents per share.

Box Inc. – Shares rose 3.2% at noon after the company reported better-than-expected results for the fourth quarter. The company earned 24 cents a share, excluding revenue of $ 233 million. Analysts had expected earnings of 23 cents per share on $ 229 million in revenue.

American Eagle Outfitters – Shares fell 10.3% after the retailer reported quarterly results. American Eagle has warned that higher transportation costs will affect profits in the first half of 2022.

Intel – Shares fell 1.7% after Morgan Stanley downgraded the stock rating from equal weight to less. “Reducing the value of stocks … will allow us to focus on more effective situations that offer relatively more attractive risks and rewards in the future,” said Ethan Puritz of Morgan Stanley.

Southwest – Shares rose 1.2% after Evercore ISI improved the airline’s shares to outperform built-in. “Greater relative financial strength + margin-focused planning is driving us to raise our rating in the Southwest,” the company said.

Citigroup – The bank’s shares fell 3.7% after falling by two companies. Analysts were unhappy with Citi’s medium-term return on tangible total equity, a key indicator for the industry.

– Samantha Subin and Sarah Min of CNBC contributed to the report.