American Eagle Falls, Broadcom Rises, Cracker Barrel Jumps as 2Q Revenue Beats Estimates

On this episode of Stock Movers:

- American Eagle (AEO) shares fall after the clothing retailer said that most of its profit will be generated in the second half of the year. The company also reported net revenue for the fourth quarter that beat the average analyst estimate.

- Broadcom (AVGO) shares rise after Chief Executive Officer Hock Tan said the company expects its AI chip sales to top $100 billion next year, marking major inroads into territory dominated by Nvidia Corp. Broadcom also delivered a better-than-estimated quarterly outlook and announced a stock buyback plan worth as much as $10 billion.

- Cracker Barrel (CBRL) shares rise after after the restaurant chain reported revenue for the second quarter that beat the average analyst estimate.

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