Signage is seen forward of the IPO for Chewy at the New York Stock Exchange, June 14, 2019.
Andrew Kelly | Reuters
Check out the corporations making headlines after the bell on Tuesday:
Chewy – Shares of the pet-product retailer rose 8% after the firm reported fourth-quarter outcomes that topped analyst expectations. Chewy reported earnings per share of 5 cents on income of $2.04 billion. Analysts surveyed by Refinitiv anticipated losses per share of 10 cents on income of $1.96 billion.
PVH Corp. – Shares of the closing firm slid 1% after the firm logged a fourth-quarter income that missed analyst expectations. PVH posted a income of $2.09 billion. Analysts polled by Refinitiv predicted gross sales of $2.12 billion. The firm misplaced an adjusted 38 cents per share, but it surely was unclear whether or not that was akin to a Refinitiv forecast for a lack of 34 cents per share.
Lululemon – Lululemon shares dipped 0.7% even after the firm reported better-than-expected fourth-quarter outcomes. The athleticwear retailer posted earnings per share of $2.58 on income of $1.73 billion. Analysts surveyed by Refinitiv anticipated earnings per share of $2.49 on income of $1.66 billion.
Illumina – The biotechnology firm’s shares slid 0.7% on gentle quantity, placing the inventory on observe to construct on its 6.6% drop from the common session. Illumina shares have been underneath strain on Tuesday after the Federal Trade Commission filed a grievance to dam the firm’s acquisition of Grail, which makes exams for early most cancers detection. The grievance alleges the deal “will diminish innovation in the U.S. market for MCED tests.”