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

JPMorgan hired NOAA’s chief scientist to advise clients on navigating climate change
Finance

JPMorgan hired NOAA’s chief scientist to advise clients on navigating climate change

Key Points Sarah Kapnick started her career in 2004 as an investment banking analyst, but was struck by how little climate change was being factored into financial decision making. She later became the chief science officer at the National Oceanic and Atmospheric Administration (NOAA) Last year, JPMorgan hired Kapnick back into banking, where she’s advising […]

Read More
Daniel Loeb’s next task as his hedge fund turns 30: Avoiding becoming ‘AI roadkill’
Finance

Daniel Loeb’s next task as his hedge fund turns 30: Avoiding becoming ‘AI roadkill’

Daniel Loeb has found himself a new goal as his hedge fund Third Point entered its milestone 30th year: To be a true winner in the red-hot artificial intelligence boom and not run over by it. “Change is happening at an ever accelerating and increasing rate and it’s just going to require us to continue […]

Read More
Stocks making the biggest moves midday: Costco, Palantir, Gap, Ulta Beauty and more
Finance

Stocks making the biggest moves midday: Costco, Palantir, Gap, Ulta Beauty and more

Check out the companies making headlines in midday trading: Costco — The wholesaler gained more than 3% on fiscal third-quarter results that surpassed analysts’ estimates, while sales jumped 8% from the same period a year ago. Ulta Beauty — Shares of the beauty retailer skyrocketed nearly 13% to hit a 52-week high after the company […]

Read More