Stocks making the biggest moves after hours: Chewy, MongoDB, Hewlett Packard Enterprise and more

Stocks making the biggest moves after hours: Chewy, MongoDB, Hewlett Packard Enterprise and more


A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019.

Michael Nagle | Bloomberg | Getty Images

Check out the companies making headlines in extended trading.

Chewy — The pet retailer’s shares surged nearly 20% after hours following the company’s quarterly results. Chewy posted earnings of 4 cents per share, topping analysts’ estimates by 18 cents. Revenue of $2.43 billion came in slightly higher than estimates of $2.42 billion, according to Refinitiv.

Hewlett Packard Enterprise — Shares of the cloud company fell more than 6% after the firm reported quarterly earnings of 44 cents per share, which missed analysts’ estimates by 1 cent per share, according to Refinitiv. Revenue for the quarter also posted a slight miss, coming in at $6.71 billion, compared to estimates of $6.78 billion.

MongoDB — The database platform got a 5% boost in shares after it reported earnings of 20 cents per share, which beat Wall Street forecasts by 29 cents, and revenue of $285 million. Analysts expected just $267 million in revenue, according to Refinitiv.

GameStop — The video game retailer’s shares dropped less than 1% after the company reported its quarterly results, which include revenue of $1.38 billion and a loss of $2.08 per share. GameStop recently announced it will soon launch an NFT marketplace, but it gave no update on this in its financial results.

PVH — Apparel company PVH’s shares advanced more than 4% after reporting financial results that beat Wall Street forecasts for the most recent quarter. The maker of Tommy Hilfiger, Calvin Klein and other brands reported a profit of $1.94 per share, which is higher than estimates by 33 cents per share. It posted $2.12 billion in revenue, compared to estimates of $2.09 billion.



Source

Stocks making the biggest moves midday: Abercrombie & Fitch, Nvidia, Coinbase, Symbotic & more
Finance

Stocks making the biggest moves midday: Abercrombie & Fitch, Nvidia, Coinbase, Symbotic & more

Check out the companies making headlines midday. Abercrombie & Fitch — The apparel retailer jumped 33% after posting better-than-expected fiscal third-quarter results, driven by strength at its Hollister brand. Hollister’s sales grew 16%, offsetting a 2% drop at its namesake Abercrombie & Fitch label. For the holiday quarter, the company expects Hollister to continue to […]

Read More
Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble allegations
Finance

Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble allegations

watch now VIDEO3:0903:09 Why investor Michael Burry is shorting AI leaders like Nvidia and Palantir News Videos The fight between Nvidia and one of its loudest naysayers, investor Michael Burry, is escalating. Following the “Big Short” investor’s series of social media posts arguing that the artificial intelligence investment boom is replaying the dotcom bubble from […]

Read More
Michael Burry’s next ‘Big Short’: An inside look at his analysis showing AI is a bubble
Finance

Michael Burry’s next ‘Big Short’: An inside look at his analysis showing AI is a bubble

watch now VIDEO3:0903:09 Why investor Michael Burry is shorting AI leaders like Nvidia and Palantir News Videos Michael Burry — the investor known for predicting the housing meltdown ahead of 2008 — has turned his attention to one of the market’s most beloved themes: artificial intelligence. Burry recently deregistered his hedge-fund firm, Scion Asset Management, […]

Read More