Company News for Apr 4, 2024

• Acuity Brands Inc.’s (AYI)) shares rose 11% after the company reported second-quarter fiscal 2024 adjusted earnings per share of $3.38, beating the Zacks Consensus Estimate of $3.11.  
• Shares of Intel Corp. (INTC) plummeted 8.2% after reporting $8 billion operating losses in its semiconductor manufacturing business.
• Ulta Beauty Inc. (ULTA) shares plunged 15.3% after the company warned that sales growth in the category is slowing faster than anticipated.
• Shares of Spotify Technology S.A. (SPOT) jumped 8.2% following news that the company is mulling raising prices for its premium subscription service within several key markets.

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