Welcome to Extreme Investor Network, where we bring you the latest updates on the companies making headlines in extended trading. Let’s dive into the recent moves of some key players in the financial market.
Dexcom, a leading manufacturer of diabetes management devices, saw its shares decline nearly 7% despite posting a third-quarter adjusted earnings and revenue beat. The company also reaffirmed its full-year revenue guidance, aligning with FactSet’s estimate.
On the defense front, L3Harris Technologies witnessed a 4% climb after surpassing expectations in the third quarter on both the top and bottom lines. With adjusted earnings of $3.34 per share and revenue of $5.29 billion, L3Harris outperformed analysts’ projections.
In a surprising turn of events, Capri shares plummeted 48%, while Tapestry shares surged 12% following a judge’s decision to block their $8.5 billion merger. Tapestry, the owner of Coach and Kate Spade brands, aimed to compete better against luxury giants like Gucci through this merger.
Western Digital, a data storage device maker, saw an 8.9% rise in shares after reporting fiscal first-quarter adjusted earnings of $1.78 per share. Although revenue fell slightly short of expectations at $4.1 billion, investors remain optimistic.
Kinsale Capital, an insurer, added 4.7% after exceeding Wall Street’s expectations for operating earnings per share in the third quarter. Joby Aviation, on the other hand, faced an 8% drop after announcing a $200 million common stock offering through Morgan Stanley and Allen & Co.
Skechers, the shoe maker, experienced a 5.1% jump in shares following third-quarter earnings that surpassed estimates. Boyd Gaming and Capital One also delivered stronger-than-expected earnings per share in their recent reports, leading to positive movements in their stock prices.
Deckers Outdoor, the owner of Hoka footwear, surged nearly 9% with earnings of $1.59 per share and revenue of $1.31 billion in the fiscal second quarter. Hoka brand sales rose significantly, reflecting a strong performance for the company.
Stay tuned to Extreme Investor Network for more updates on the latest market movements and investment opportunities. Our team of experts is dedicated to providing valuable insights to help you make informed financial decisions. Happy investing!