Stock Market

Stocks making the biggest moves after the bell: Stitch Fix, Hyatt Hotels, FedEx and more

In this article

People walk around the International Hotel Grand Hyatt during the outbreak of the COVID-19 pandemic on May 21, 2020 in New York City.
VIEW press | Corbis News | Getty Images

Check out the companies making headlines after the bell Tuesday:

FedEx – Shares of the shipping company fell nearly 4% after FedEx reported quarterly results. The company reported a slight beat on revenue, but earnings of $4.37 per share came in 54 cents below analysts’ estimates, according to Refinitiv. The company cited labor availability, higher wages and transportation expenses for the quarterly results.

Stitch Fix – The digital styling service soared by more than 15% after reporting strong quarterly earnings of 19 cents per share, compared to the loss Wall Street analysts surveyed by Refinitiv forecasted of 13 cents per share. It also beat on revenue, recording $571.2 million compared to the expected $548 million, and cited outsized growth in its women’s and kids’ categories.

Adobe – Software company Adobe also reported earnings Tuesday night. The stock was more than 3% lower despite reporting earnings of $3.11 per share, higher by 10 cents than Refinitiv analysts’ estimates. Adobe also beat on revenue and issued solid fourth-quarter earnings and revenue guidance.

Hyatt Hotels – Shares of the hotel corporation fell about 3% following its announcement late Tuesday that it will offer 7 million shares of its Class A common stock to fund some of the purchase price for its pending acquisition of Apple Leisure Group.

Become a smarter investor with CNBC Pro
Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. 
Sign up to start a free trial today

Articles You May Like

Trump is the most pro-stock market president in history, Wharton’s Jeremy Siegel says
Bitcoin could end year at $58K as futures market ‘overheated’ — CryptoQuant
Poorer voters flocked to Trump — and other data points from the election
Bank stocks jump almost 12% as traders bet on less regulation in a Trump presidency
Municipals rally to recoup post-election losses