Shares Making the Greatest Strikes by the Hour: Lululemon, Oracle, Broadcom & Extra
Pedestrians seen walking past the Canadian sportswear retailer Lululemon in Shanghai.
Alex Tai | SOPA pictures | LightRocket | Getty Images
Check out the companies that are making headlines after the bell:
Lululemon – Lululemon shares rose slightly after the sportswear retailer released quarterly results that beat expectations. Lululemon posted sales of $ 1.1 billion, up 22% year over year, beating analysts’ estimates of $ 1.02 billion per refinitive. The earnings per share were also above expectations. In North America, net sales increased 19% driven by the e-commerce business.
Oracle – Oracle shares fell 1% in expanded trading even after the computer software company beat income on its quarterly report. Adjusted earnings per share were $ 1.06 versus $ 1.00 per share analysts had expected, Refinitiv said. Revenue was $ 9.80 billion, compared to the expected $ 9.79 billion.
Costco – The retail chain’s shares rose 0.3% on the company’s better-than-expected first-quarter sales. Total revenue for the quarter rose to $ 43.21 billion, above a refinitive estimate of $ 42.42 billion. Costco’s total online revenue increased approximately 86% in the first quarter.
Broadcom – Chipmaker shares fell more than 2% despite their quarterly results that beat analysts’ expectations. Broadcom posted adjusted earnings of $ 6.35 per share compared to $ 6.25 per share expected per refinitive. Sales were also above estimates. The company announced a new Chief Financial Officer and a new Chief Operating Officer.