Interior design section of the Restoration Hardware store in New York’s Meatpacking District.
Check out the companies making headlines during Thursday afternoon trading.
RH — Shares of RH fell 10.6% after the high-end furniture chain lowered its full-year outlook and said consumer demand for its products could continue to decline in the second half of 2022. That pulled other home shopping inventories down. Wayfair fell 6% and Williams-Sonoma lost 3.9%.
Walgreens Boots Alliance – Shares of the drugstore chain fell 5% despite a decline in earnings in the company’s most recent quarter. Walgreens said a slowdown in demand for Covid-19 vaccines weighed on profits, but reiterated its forecast for the full year.
Carnival – Cruise lines declined for the most part, building on sharp losses from the previous session. Carnival’s shares fell 3%. Norwegian Cruise Line Holdings was down 5% and Royal Caribbean was down 3.7%. Earlier this week, Morgan Stanley halved Carnival’s price target and said it could drop to zero.
Universal Health Services – Shares of Universal fell 5.6% after the hospital and healthcare company announced it was lowering its full-year expectations. The company reported lower patient volumes and lower revenues in its acute care hospitals.
Pfizer – Shares rose 2.9% after Pfizer and BioNTech said they would provide 105 million doses of the Covid vaccine in a $3.2 billion deal with the US government. Shares of BioNTech rose by 7.8%.
Spirit Airlines – Aviation stock rose 4% as the battle for Spirit Airlines flared up between JetBlue and Frontier Group. Spirit postponed a shareholder vote on the proposed merger with Frontier Group until July 8. JetBlue shares fell 6%.
Xerox Holdings — Shares of Xerox fell more than 1% after CEO John Visentin died at age 59. Chief operations officer and president Steve Bandrowczak was named interim CEO.
— CNBC’s Tanaya Macheel and Samantha Subin contributed to the report