Stocks making the biggest moves after hours: Snap, Gap and more

Stocks making the biggest moves after hours: Snap, Gap and more


People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021.

Patrick T. Fallon | AFP | Getty Images

Check out the companies making headlines after the bell

Snap — Shares of the social media platform jumped more than 6% in volatile after-hours trading after the company’s first-quarter earnings report. Snap missed Wall Street expectations for profit and sales, and forecast disappointing revenue growth in the current quarter. However, daily users grew 18% annually, which was more than expected.

Gap — Shares of the retailer plunged 10% after the company announced the CEO of its Old Navy division, Nancy Green, is leaving the business this week. In light of execution challenges within its Old Navy business, Gap also slashed its outlook for net sales growth in fiscal 2022.

FirstEnergy — Shares of the energy company dipped more than 1% in extended trading after the firm reported first-quarter earnings that came in lower than expected. FirstEnergy reported adjusted operating earnings per share of 60 cents, missing the 62 cents estimate per Refinitiv. Its revenue beat expectations, however.

PPG Industries — The materials company saw its shares rise about 1% in after-hours trading after better-than-expected quarterly results. PPG posted earnings of $1.37 per share, beating Refinitiv’s estimate of $1.11 per share. The company reported revenue of $4.3 billion, also topping expectations.



Source

U.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says
Finance

U.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says

Key Points U.S.-China trade talks “are a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News. After a rapid escalation in trade tensions last month, Bessent helped the world’s two largest economies reach a breakthrough agreement in Switzerland on May 12. The U.S. has pushed ahead with […]

Read More
Stocks making the biggest moves after hours: Gap, American Eagle Outfitters, UiPath, Dell Technologies & more
Finance

Stocks making the biggest moves after hours: Gap, American Eagle Outfitters, UiPath, Dell Technologies & more

Check out the companies making headlines in extended trading. Gap — The apparel stock plummeted more than 16% as lackluster second-quarter revenue guidance overshadowed an earnings beat for Q1. Gap expects Q2 revenue to remain about flat year over year. Analysts expected a forecast calling for a slight gain. Costco — The wholesale retailer reported […]

Read More
Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more
Finance

Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more

Check out the companies making headlines in Thursday trading. Salesforce — The customer relations management software maker’s shares traded 5% lower on Thursday after the company posted its latest quarterly results. RBC Capital Markets downgraded the stock, citing execution risks if the company continues acquiring. Salesforce did beat fiscal first-quarter estimates and raised its full-year outlook, […]

Read More