Today's Morning Movers and Top Ratings: ZM, LOW, M, CARG and More

$Lowe's Companies(LOW.US)$ Shares of Lowe's edged up by 0.3% as the home improvement retailer announced fourth-quarter net sales that exceeded analysts' expectations, despite a persistent slowdown in the home improvement spending sector.

$Zoom Video Communications(ZM.US)$ shares jumped by 12% following the release of the video-conferencing company's fourth-quarter earnings, which surpassed projections, buoyed by robust demand for its services amidst the rise in hybrid work environments.

$Hims & Hers Health(HIMS.US)$ saw its stock surge by 19% after the telehealth provider projected that 2024 would mark its inaugural year of positive net income. The company also provided first-quarter and full-year sales forecasts that surpassed market anticipations.

$Macy's(M.US)$ shares declined by 0.9% following the company's announcement that it anticipates annual sales to fall short of market forecasts due to weakening demand for clothing and footwear. The department store chain also revealed plans to shutter 150 locations by 2026 as a component of its new strategic realignment.

$Workday(WDAY.US)$ saw its shares dip by 3.1% after the enterprise software firm reported earnings that exceeded profit estimates for the quarter. However, its revenue only met expectations, and the company maintained its forecast for the full year, failing to uplift investor sentiment.

$Unity Software(U.US)$ share price tumbled 15% in response to the company's projection of full-year revenue that fell below analyst predictions. The video game software company also stated that, moving forward, it would limit its revenue guidance to its “strategic portfolio” of products.

$CarGurus(CARG.US)$ Shares of CarGurus decreased by 13% after the online vehicle marketplace announced quarterly earnings that marginally beat expectations. Nonetheless, the company provided a first-quarter outlook for 2024 that did not meet analysts' projections, contributing to the stock's decline.

$Intuitive Machines(LUNR.US)$ experienced a significant stock price drop of 21% upon news that its lunar mission was facing an early conclusion. The mishap occurred when its moon lander, Odysseus, made a lateral landing that compromised communication and the ability to charge via solar power, jeopardizing the mission's success.