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Stocks making the biggest moves after hours: Lululemon, Slack, Lyft and more
A buyer appears to be like at athletic attire inside a Lululemon retailer.
Xaume Olleros | Bloomberg | Getty Photos
Take a look at the firms making headlines after the bell:
Slack — Shares of the messaging platform tanked 14% in after hours trading on Tuesday regardless of its better-than-expected quarterly outcomes. Income got here in at $215.9 million, larger than the estimated $209.1 million, in accordance with Refinitiv. Slack reported a lack of zero cents per share, whereas analysts anticipated a lack of three cents per share. Slack didn’t reinstate billings steering as a result of the unstable setting, which could possibly be denting the inventory.
Lululemon — Shares of the athletic retailer dipped as a lot as 2% in prolonged trading on Tuesday following its quarterly earnings report. The maker of yoga pants earned an adjusted 74 cents per share, which did not evaluate to analyst estimates. Income got here is at $903 million, topping the $843 million anticipated on the Avenue, in accordance with Refinitiv. Lululemon didn’t give full 12 months steering.
Lyft — Shares of the journey hailing firm rose 1.5% after the bell on Tuesday after the firm launched a enterprise replace that confirmed in the first week of September, rides reached a excessive since April. September’s first week stage confirmed rides down lower than 50% year-over-year.
Coupa Software program —Shares of the software program firm dropped more than 6% in prolonged trading on Tuesday after offering disappointing earnings steering for the third quarter. The corporate, nevertheless, beat on the prime and backside strains of its second quarter outcomes. Coupa earned 21 cents per share on income of $125.9 million. Analysts anticipated earnings of eight cents per share on income of $118.eight million, in accordance with Refinitiv.
Tesla — Shares of the electrical automaker roses barely in prolonged trading on Tuesday following the inventory’s largest at some point drop in historical past. After S&P Dow Jones Indices determined towards including Tesla to the S&P 500, the Elon Musk-led firm tanked more than 21% on Tuesday.