Ulta, Gap, Dell and more
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Check the companies that make headlines after the clock:
Ulta Beauty – Shares rose more than 6% after hours as the beauty retailer’s quarterly report beat Wall Street estimates at the top and bottom lines. Ulta Beauty posted a first-quarter adjusted earnings of $ 6.30 per share with a turnover of $ 2.346 billion. Analysts had expected a profit of 4.46 dollars per share on a turnover of 2.1[ads1]22 billion dollars, according to Refinitiv. The company also provided better than expected future guiding for the full year.
Gap – The retail trade fell around 13% in expanded trading after Gap reduced its earnings outlook for the year. Old Navy weighed on the results when the Gap management said that the segment’s lower-income customers feel the pressure of inflation.
Costco – The shares fell more than 2% after the market despite the wholesale retailer having better quarterly sales than expected. Costco had revenue of $ 52.596 billion against the Refinitive Consensus estimate of $ 51.707 billion.
Dell – The laptop maker rose more than 5% in expanded trading after Dell reported a first-quarter sales rate. Dell generated $ 26.12 billion in revenue against the $ 25.043 billion Refinitive Consensus estimate
Marvell Technology – Shares rose 2.2% after working hours when the semiconductor company reported strong quarterly results. Marvell reported adjusted first-quarter earnings of $ 50.52 per share with a turnover of $ 1.447 billion. Analysts had expected a profit of 0.51 dollars per share on a turnover of 1.427 billion dollars, according to Refinitv.
American Eagle – The stock fell more than 10% after the trader had a weaker quarterly income than expected. The American Eagle reported $ 1.055 billion in revenue against the $ 1.142 billion Refinitive Consensus estimate.
