Placeholder canvas
HomeBusinessTop after-hours stock movement: MU, PTON, JEF - What You Need to...

Top after-hours stock movement: MU, PTON, JEF – What You Need to Know

Published on

Micron Technology’s stock declined by 4% in extended trading following weaker-than-expected earnings guidance for the current quarter. The company projected a loss of $1.07 per share, compared to analysts’ expectations of 95 cents. However, Micron reported a narrower-than-expected loss for the fiscal fourth quarter and exceeded revenue expectations. Additionally, the company’s current-quarter revenue guidance exceeded analysts’ forecasts.

Peloton Interactive saw a 13% increase in its stock after announcing a five-year partnership with Lululemon to develop content. This news led to Lululemon’s stock rising by nearly 1% in extended trading.

Jefferies Financial experienced a 3% decline in its stock after reporting third-quarter earnings of 22 cents per share and a revenue of $1.18 billion, both lower than the previous year. The company attributed this decline to a pre-tax loss in its legacy merchant banking portfolio.

H.B. Fuller, a chemical company, saw its stock slip approximately 1% following a weak financial report for the third quarter. The company reported $1.06 per share in earnings, falling short of analysts’ expectations, as well as lower revenue compared to forecasts.

Luxury wine producer Duckhorn Portfolio suffered a 2.8% decrease in its stock price after providing full-year guidance that was below analysts’ expectations. The company projected earnings per share between 67 cents and 69 cents, while analysts estimated 70 cents per share. Furthermore, Duckhorn’s full-year revenue guidance of $420 million to $430 million was lower than the forecasted $432.8 million. However, the company managed to surpass expectations in both revenue and earnings for its fiscal fourth quarter.

Source link

Latest articles

Galaxy AI coming to Samsung Galaxy S23 phones in late March

Samsung is extending its Galaxy AI features to older phones, foldables, and tablets as...

Biden Criticizes Putin and Trump at San Francisco Fundraiser

In a recent Fox News town hall, former President Trump compared his legal troubles...

Nvidia’s strong earnings report may have negative impact on stock, warns JPMorgan.

Investors are anxiously awaiting Nvidia's fourth-quarter earnings report, with sky-high expectations leading to concerns...

February 22: Live Stock Market Updates for Dow and S&P

Asian equities and US stock futures soared on Thursday after Nvidia Corp. announced a...

More like this

Galaxy AI coming to Samsung Galaxy S23 phones in late March

Samsung is extending its Galaxy AI features to older phones, foldables, and tablets as...

Biden Criticizes Putin and Trump at San Francisco Fundraiser

In a recent Fox News town hall, former President Trump compared his legal troubles...

Nvidia’s strong earnings report may have negative impact on stock, warns JPMorgan.

Investors are anxiously awaiting Nvidia's fourth-quarter earnings report, with sky-high expectations leading to concerns...