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GE Vernova — Shares of the energy equipment maker jumped more than 6% after announcing it would initiate a dividend of 25 cents per share and an initial $6 billion share repurchase authorization. Dave & Buster's posted a loss of 84 cents per share on revenue of $453 million for the third quarter. Analysts surveyed by LSEG anticipated a loss of 37 cents a share and $466 million in revenue. Patterson — The dental and animal health company soared 34% on the back of news that Patterson would be acquired by Patient Square Capital . Stitch Fix — Shares surged 44% after the online personal styling company raised its fiscal second-quarter revenue outlook.
Persons: Pinjalim Bora, Macy's, GE Vernova, Chris Morris, Buster's, LSEG, Duolingo, Patterson, General Motors, Bausch, Merrell, Krispy, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min, Pia Singh Organizations: Broadcom, Apple, JPMorgan, GE, Buster's Entertainment, Dave, Bank of America, GameStop, Patient Square, General, Citi, Stifel, JetBlue —, Street, Story3 Capital Partners, U.S . Pharmacy, CVS Health, Senate Locations: Detroit, U.S
General Motors said that it would no longer fund robotaxi development by self-driving car company Cruise. GM said it will instead turn its focus on advanced driver assistance systems and autonomous systems in personal vehicles. Dave & Buster's posted a loss of 84 cents per share on revenue of $453 million in the third quarter. That was worse than the Street's estimates for a loss of 37 cents a share and $466 million in revenue, per LSEG. GE Vernova also announced it would initiate a dividend of 25 cents per share and a $6 billion repurchase authorization.
Persons: Buster's, Chris Morris, GE Vernova, Skillsoft, Morgan Stanley, Cantor Fitzgerald, , Darla Mercado Organizations: General Motors, Cruise, GM, Buster's, GE, FactSet, Rocket Pharmaceuticals, Leerink Partners, LifeSci
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