In the world of stock trading, after-hours trading can often lead to some big reactions in the market. Let’s take a look at some of the companies that have been making headlines after-hours recently.
Micron Technology saw its shares rise by 13% after beating revenue expectations and providing strong guidance for the future. The semiconductor company reported $5.82 billion in revenue for the second fiscal quarter, with expectations of $6.6 billion in the current period. This outperformed analyst forecasts of $5.35 billion and $6.02 billion. Adjusted earnings per share came in at 42 cents, exceeding the anticipated loss of 25 cents per share.
On the flip side, value retailer Five Below experienced a 13% drop in shares after weak fourth-quarter earnings and outlook. Despite earning $3.65 per share on $1.34 billion in revenue, the company fell short of analyst estimates of $3.78 per share and $1.35 billion in revenue. Chewy, the pet-focused retailer, on the other hand, saw a 1% increase in shares as earnings beat consensus predictions for the fourth quarter. With 7 cents in earnings per share and $2.83 billion in revenue, the company exceeded expectations for a loss of 5 cents per share and revenue at $2.77 billion.
Homebuilder KB Home saw its shares fluctuate in after-hours trading, eventually inching up by nearly 1%. The company reported $1.76 per share on revenue of $1.47 billion, surpassing analyst estimates of $1.57 per share and $1.46 billion in revenue. Lastly, clothing designer Guess saw a 10% increase in extended trading after a strong fourth-quarter performance. Guess reported adjusted earnings of $2.01 per share on revenue of $891 million, compared to analyst predictions of $1.56 per share and $856 million in revenue.
After-hours trading can be unpredictable, but these recent market reactions provide valuable insights into the performance of these companies. Stay tuned for more updates on the latest market movements and trends.
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