Top Movers in After-Hours Trading: WDFC, COST

Welcome to Extreme Investor Network, where we bring you the latest news and updates on companies making headlines in the finance world. Today, we have some exciting developments to share with you after the closing bell:

1. WD-40 Company: Shares of WD-40 gained an impressive 11% after the company reported fiscal third-quarter results that surpassed analysts’ expectations. The maker of metal lubricants posted earnings of $1.46 per share on revenue of $155 million, exceeding the anticipated earnings of $1.39 per share on revenue of $145.8 million. This outstanding performance has caught the attention of many investors.

2. PriceSmart: The membership warehouse club operator, PriceSmart, saw a 6% increase in its shares after beating earnings and revenue expectations for the fiscal third quarter. PriceSmart’s adjusted earnings came in at $1.08 per share, surpassing the anticipated $1.01 per share. Additionally, the company’s revenue of $1.23 billion exceeded the consensus estimate of $1.21 billion. This positive news has certainly captured the interest of many investors.

Related:  Exploring Alternative Strategies for Trading the Commodities Market Using a Copper Stock Showing Bull Flag Chart Pattern

3. Costco Wholesale: Shares of Costco Wholesale rose by 3% following the announcement of the first membership rate increase since 2017. Costco revealed that it would be raising its membership fees by $5 for annual memberships, and $10 for its higher-tier plan. This strategic move has resonated well with investors, leading to a surge in the company’s stock price.

4. On Semiconductor and Microchip Technology: These semiconductor stocks both experienced a 2% decline in extended-hours trading, marking a sharp reversal from their significant gains during the regular session. On Semiconductor and Microchip Technology had previously seen increases of 4.2% and 3.9%, respectively. This sudden shift in momentum has raised questions among investors about the future direction of these stocks.

Related:  Biggest movers at midday: Tesla, General Electric Healthcare, Coinbase.

At Extreme Investor Network, we strive to bring you the most up-to-date and insightful information about the finance world. Stay tuned for more updates and analysis on the latest market trends and company developments. Make sure to bookmark our site for exclusive content you won’t find anywhere else. Happy investing!

Source link