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

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


Bloomberg | Bloomberg | Getty Images

Check out the companies making headlines after the bell

Ulta Beauty — Shares surged more than 6% after hours as the beauty retailer’s quarterly report beat Wall Street estimates on the top and bottom lines. Ulta Beauty posted adjusted first-quarter earnings of $6.30 per share on revenue of $2.346 billion. Analysts had expected a profit of $4.46 per share on revenue of $2.122 billion, according to Refinitiv. The company also issued better-than-expected forward guidance for the full year.

Gap — The retail stock sank about 13% in extended trading after Gap slashed its profit outlook for the year. Old Navy weighed on results as Gap management said the segment’s lower-income customers are feeling the pressure of inflation.

Costco — Shares fell more than 2% post market despite the wholesale retailer posting better-than-expected quarterly sales. Costco saw revenue of $52.596 billion versus the Refinitiv consensus estimate of $51.707 billion.

Dell — The laptop maker rose more than 5% in extended trading after Dell reported a revenue beat in the first quarter. Dell posted $26.12 billion in revenue versus the Refinitiv consensus estimate of $25.043 billion

Marvell Technology — Shares ticked up 2.2% after hours as the semiconductor company reported strong quarterly results. Marvell reported adjusted first-quarter earnings of $50.52 per share on revenue of $1.447 billion. Analysts had expected a profit of $0.51 per share on revenue of $1.427 billion, according to Refinitv.

American Eagle — The stock dropped more than 10% after the retailer posted weaker-than-expected quarterly revenue. American Eagle reported $1.055 billion in revenue versus the Refinitiv consensus estimate of $1.142 billion.



Source

Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say
Finance

Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say

Bain Capital has started reaching out to potential buyers for its stake in Bridge Data Centers, according to two people familiar with the matter, as the private equity firm eyes exits amid rising demand for AI infrastructure. Citigroup and JPMorgan are running the sale process and have sent out preliminary marketing materials to investors to […]

Read More
Stocks making the biggest moves premarket: Nvidia, Micron Technology, Macy’s and more
Finance

Stocks making the biggest moves premarket: Nvidia, Micron Technology, Macy’s and more

Check out the companies making headlines before the bell. Nvidia — Nvidia rose nearly 1% after Reuters reported , citing sources, that the chipmaker got approval from the Chinese government to sell its H200 chips in China. The company is also reportedly preparing to make available in China a version of its Groq AI chip. […]

Read More
Orlando Bravo pushes back on private markets criticism: ‘Everybody’s extremely comfortable’
Finance

Orlando Bravo pushes back on private markets criticism: ‘Everybody’s extremely comfortable’

Key Points “We have been living in the details of the space for a very, very long time, not on a high level, not investing in stocks, [but] investing in companies, customer contracts, knowing the details. So, yes, as a sector specialist in private equity, our companies are very, very different,” Bravo said. His comments […]

Read More