Stocks making the biggest moves after hours: Gap, Marvell Technology, RH, Ulta and more

1 year ago 123

Pedestrians locomotion past a Gap Inc. store successful Shanghai, China.

Qilai Shen | Bloomberg | Getty Images

Check retired the companies making headlines successful after-hour trading.

Gap — Shares surged 15% successful the postmarket pursuing the retailer's net report, which showed a large betterment successful margins. Revenue was a hairsbreadth beneath expectations, coming successful astatine $3.28 cardinal portion analysts polled by Refinitiv anticipated $3.29 billion.

related investing news

Here’s the concealed  condiment  that fueled Palo Alto Networks’ bushed  and rise  contempt  pugnacious  times

CNBC Investing Club

Costco — Shares slipped by 0.2% aft the retailer posted a miss connected revenue, signaling $53.65 cardinal for its fiscal 3rd 4th portion analysts forecasted $54.57 billion, per Refinitiv. Costco saw $3.43 successful adjusted net per share, higher than the $3.29 anticipated by analysts.

Ulta Beauty — Shares of Ulta fell 8% successful extended trading aft the cosmetics retailer reaffirmed guidance for net and comparable income for the afloat year. Ulta somewhat raised its outlook for gross for the year. The institution posted net of $6.88 per stock connected $2.63 cardinal successful revenue. Analysts called for net of $6.87 per stock and gross of $2.62 billion, according to Refinitiv.

Workday — The unreality banal added 7% aft hours pursuing a beardown net study and its announcement of a caller main fiscal officer. Workday reported $1.31 successful adjusted net per share, portion analysts polled by Refinitiv estimated $1.12. The institution besides narrowly bushed expectations for revenue, coming successful astatine $1.68 cardinal against a $1.67 cardinal forecast. Workday besides announced Zane Rowe, astir precocious CFO of VMware, would beryllium the concern main starting adjacent month.

Marvell Technology — Shares jumped 14% successful post-bell trading aft the semiconductor shaper bushed analysts' expectations for its archetypal quarter. Marvell notched 31 cents successful adjusted net per stock connected $1.32 cardinal successful revenue, portion analysts polled by Refinitiv estimated 29 cents per stock and $1.3 cardinal successful revenue. The institution besides said gross maturation should accelerate successful the 2nd fractional of the fiscal year.

RH — Luxury retailer RH slipped 3% aft hours arsenic anemic guidance for the existent 4th pulled attraction from beardown first-quarter earnings. The institution said to expect betwixt $765 cardinal and $775 cardinal successful gross successful the existent quarter, little than the Street's estimation of $784 million, according to Refinitiv. Still, RH bushed expectations connected gross successful the archetypal quarter, posting $739 cardinal compared with analysts' forecast of $727 million.

— CNBC's Darla Mercado contributed reporting.

Read Entire Article