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

Check out the firms making headlines after hours on Tuesday:

HP Inc. — Shares of the laptop {hardware} builder jumped more than 7% in after-hours buying and selling on the again of stronger-than-expected quarterly outcomes. HP Inc. posted earnings of 62 cents per share on income of $15.26 billion. Analysts anticipated a revenue of 52 cents per share on income of $14.72 billion, in keeping with Refinitiv. The firm additionally issued better-than-expected earnings steerage for its fiscal first quarter.

Gap — Gap reported disappointing quarterly earnings after the bell, sending the retailer’s inventory down more than 6%. The firm earned 25 cents per share in the earlier quarter, whereas analysts polled by Refinitiv had forecast a revenue of 32 cents per share.

Nordstrom — Nordstrom shares gained 4.4% even after the firm posted a disappointing income quantity for the third quarter. Nordstrom mentioned its income for the quarter got here in at $3.09 billion, simply shy of a Refinitiv estimate of $3.1 billion. Nordstrom additionally reported earnings per share of 34 cents, however CNBC couldn’t decide if that quantity was corresponding to a Refinitiv forecast.

Dell Technologies — Dell Technologies reported third-quarter earnings and income figures that topped analyst expectations, sending the laptop builder’s fill up practically 2%. Dell earned $2.03 per share on income of $23.48 billion. Analysts had forecast earnings per share of $1.40 on income of $21.85 billion, in keeping with Refinitiv. The firm additionally posted gross sales for its subscription and “software as a service (SaaS)” that surpassed estimates.

American Eagle Outfitters — American Eagle Outfitters noticed its inventory fall more than 3% on the again of combined third-quarter outcomes. The retailer earned 35 cents per share, topping a forecast of 34 cents per share. Revenue for the firm got here in at $1.03 billion, in step with expectations.

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Written by Business Boy


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