Below are the stocks that are making notable moves in extended trading.
from Broadcom Chip stock rose more than 3% in extended trading Thursday after Broadcom beat estimates for its fiscal first quarter. The company reported $8.39 in adjusted earnings per share, while analysts polled by Refinitiv were looking for $8.08 per share. The company’s second-quarter revenue guidance came in above expectations.
Gap store in New York, August 2, 2020.
Scott Millian | CNBC
gap – GAP shares It rose more than 8% in extended trade After the retailer reported a smaller-than-expected loss for the fourth quarter and issued strong earnings guidance. Gap posted a loss of 2 cents per share, versus the 14 cents Refinitiv analysts had expected. Revenue came in at $4.53 billion, versus an estimated $4.49 billion. For the full year, Gap expects to earn between $1.85 and $2.05 per share. Analysts had expected adjusted earnings of $1.86 per share.
Smith & Wesson Brands – Shares of the firearms maker fell 14.7% in extended trading after the company’s third-quarter financial results came in less than analysts’ expectations. The company reported 69 cents in adjusted earnings per share on $177.7 million in revenue. Analysts surveyed by Refinitiv were looking for 83 cents on revenue of $198.3 million, according to FactSet’s StreetAccount. Chief Executive Officer Mark Smith said in a statement that the firearms market is “significantly down” from what it was earlier in the pandemic.
sweet green Sweetgreen shares rose nearly 20% after hours, after the powerhouse chain reported stellar sales growth in the fourth quarter. It’s the first time the restaurant has published a quarterly report since its public debut. Net sales rose 63% to $96.4 million, topping analysts’ expectations of $84.7 million, according to Refinitiv. The company reported a net loss for the quarter.
“Web maven. Infuriatingly humble beer geek. Bacon fanatic. Typical creator. Music expert.”
More Stories
Stubborn inflation may prompt the Fed to keep interest rates high for longer
The Bank of Japan keeps its monetary policy unchanged
Net neutrality was restored after the Federal Communications Commission (FCC) voted to regulate Internet service providers