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Stocks making the biggest moves after hours: Williams-Sonoma, Dell, VMware and more

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Bloomberg | Bloomberg | Getty Photos

Take a look at the firms making headlines after the bell.

Salesforce.com — The enterprise software program supplier’s inventory dropped 3% in prolonged trading after the firm offered its first-quarter monetary outcomes. Salesforce.com mentioned it had earnings of 70 cents per share excluding some objects on income of $4.87 billion, whereas analysts polled by Refinitiv anticipated earnings of 69 cents per share on income of $4.85 billion. 

Nordstrom — The clothes retailer’s inventory whipsawed in prolonged trading after the firm launched its first-quarter earnings. Nordstrom reported a lack of $3.33 per share on income of $2.12 billion, whereas analysts anticipated a lack of $1.07 per share with income of $2.42 billion, in accordance with Refinitiv. Although the firm reported that internet gross sales tumbled 40% throughout its fiscal first quarter, CEO Erik Nordstrom mentioned in his ready remarks that the retailer has “adequate liquidity to efficiently execute our technique in 2020 and over the long term.”

Costco — The retailer’s inventory fell 2% in prolonged trading after Costco reported its earnings for the third quarter. Costco mentioned it had earnings of $1.89 per share on income of $37.27 billion, whereas analysts polled by Refinitiv estimated earnings of $1.95 per share with income of $37.13 billion. Although prospects descended on Costco shops to bulk-buy necessities in the early phases of the pandemic, that preliminary development in gross sales was ultimately restricted by stay-at-home orders. The corporate reported a $283 million hit to internet revenue due to prices associated to Covid-19, in accordance with an organization assertion. 

Williams-Sonoma — Shares of the dwelling items retailer surged 11% in prolonged trading after the firm launched its monetary outcomes for the first quarter. Williams-Sonoma reported earnings of 74 cents per share excluding some objects with income of $1.24 billion, whereas Wall Avenue anticipated earnings of three cents per share on income of $1.08 billion, in accordance with Refinitiv. The retailer mentioned it had 2.6% development in comparable model income and acknowledged that it had a stable liquidity place strengthened by over $860 million in money. Williams-Sonoma additionally reported a major acceleration in e-commerce income that’s nonetheless ongoing, in accordance with an organization assertion. 

Ulta Magnificence — The cosmetics and skincare retailer’s inventory whipsawed in prolonged trading after the firm reported first-quarter monetary outcomes. Ulta Magnificence mentioned it had a lack of $1.39 per share on income of $1.17 billion, whereas analysts polled by Refinitiv anticipated earnings of 48 cents per share with income of $1.20 billion. 

Dell Applied sciences — The pc firm’s inventory soared 7% in prolonged trading after Dell Applied sciences posted its first-quarter monetary outcomes. The corporate mentioned it had earnings of $1.34 per share excluding some objects on income of $21.90 billion, whereas analysts anticipated earnings of 92 cents per share on income of $20.85 billion, in accordance with Refinitiv. Dell additionally reported double-digit unit and income development in business notebooks and high-single-digit income development in cell workstations, in accordance with its earnings launch.

VMware — Shares of the data know-how firm climbed 9% in prolonged trading after the firm introduced its earnings for the first quarter. VMware posted earnings of $1.52 per share excluding some objects on income of $2.73 billion, whereas analysts polled by Refinitiv anticipated earnings of $1.20 per share with income of $2.64 billion. 

Marvell Expertise Group — The semiconductor firm’s inventory jumped 6% in prolonged trading after Marvell revealed its first-quarter earnings. Marvell reported earnings of 18 cents per share excluding some objects on income of $694 million, whereas analysts polled by Refinitiv anticipated earnings of 14 cents per share with income of $680 million. The corporate additionally issued robust second-quarter steering.

Cisco Methods — Shares of the know-how firm whipsawed in prolonged trading after Cisco introduced it had acquired software program firm ThousandEyes. ThousandEyes presents know-how that helps firms monitor their community for outages and says its shoppers embody Microsoft, Slack, PayPal and Lyft. Cisco’s buy is simply the newest in a collection of acquisitions as the firm pushes additional into the cloud software program house. 

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