Stock Market

Stocks making the biggest moves after hours: Lululemon, Boston Beer, GameStop & more

Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021.
David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines after the bell:

Lululemon — Shares of the athletic retailer surged more than 10% in after hours trading on Wednesday after reporting fiscal second-quarter profit and revenue that topped analysts’ expectations. The retailer also offered a better-than-expected outlook for the third quarter and for the year.

Boston Beer — Shares of the acholic beverage company tanked 9% in after hours trading on Wednesday after pulling its earnings guidance amid slowing growth in its hard seltzer brand. “The Company now expects to incur hard seltzer-related inventory write-offs, shortfall fees payable to 3rd party brewers, and other costs that will be expensed during the remainder of fiscal 2021,” the company said in a press release.

RH — Shares of the furniture retailer rose 3% in extended trading on Wednesday after beating on the top and bottom lines of its quarterly results. RH earned $8.48 per share, topping estimates of $6.48 per share, according to Refinitiv. Revenue came in at $989 million, above expectations of $975.4 million.

GameStop — Shares of the brick-and-mortar video game retailer slumped 2% after the bell on Wednesday after reporting a loss of 76 cents per share. The company said it made $1.8 billion in revenue. EPS and revenue were not comparable to estimates.

Articles You May Like

Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more
US Supreme Court overturns Roe vs Wade in major blow to abortion rights
Texas Housing Market Report Halfway Through 2022
How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
Investors to see $8B of supply to close out volatile June, Q2