disruptpress efi
Finance

Stocks making the biggest moves after hours: Gap, Nordstrom, Dell Technologies & more

A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York.

Rob Kim | Getty Images

Check out the companies making headlines after hours on Tuesday:

HP Inc. — Shares of the computer hardware builder jumped more than 7% in after-hours trading on the back of stronger-than-expected quarterly results. HP Inc. posted earnings of 62 cents per share on revenue of $15.26 billion. Analysts expected a profit of 52 cents per share on revenue of $14.72 billion, according to Refinitiv. The company also issued better-than-expected earnings guidance for its fiscal first quarter.

Gap — Gap reported disappointing quarterly earnings after the bell, sending the retailer’s stock down more than 6%. The company earned 25 cents per share in the previous quarter, while analysts polled by Refinitiv had forecast a profit of 32 cents per share.

Nordstrom — Nordstrom shares gained 4.4% even after the company posted a disappointing revenue number for the third quarter. Nordstrom said its revenue for the quarter came in at $3.09 billion, just shy of a Refinitiv estimate of $3.1 billion. Nordstrom also reported earnings per share of 34 cents, but CNBC could not determine if that number was comparable to a Refinitiv forecast.

Dell Technologies — Dell Technologies reported third-quarter earnings and revenue figures that topped analyst expectations, sending the computer builder’s stock up nearly 2%. Dell earned $2.03 per share on revenue of $23.48 billion. Analysts had forecast earnings per share of $1.40 on revenue of $21.85 billion, according to Refinitiv. The company also posted sales for its subscription and “software as a service (SaaS)” that surpassed estimates.

American Eagle Outfitters — American Eagle Outfitters saw its stock fall more than 3% on the back of mixed third-quarter results. The retailer earned 35 cents per share, topping a forecast of 34 cents per share. Revenue for the company came in at $1.03 billion, in line with expectations.

Products You May Like

Articles You May Like

U.S. stock futures are under some pressure following Dow’s record close
During Covid, some working mothers find a silver lining: more time with their children
Executive Moms: How Things Have Gotten Better And Worse
Why stock investors are starting to really worry about rising bond yields
Here’s what investors should know about rocket builder Astra as it prepares to go public

Leave a Reply

Your email address will not be published. Required fields are marked *