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Stocks making the biggest moves after the bell: Costco, Gap, Broadcom & more


A client carrying a protecting masks checks out at a Costco retailer in San Francisco, California, on Wednesday, March 3, 2021.

David Paul Morris | Bloomberg | Getty Images

Check out the firms making headlines after the bell on Thursday:

Costco – Costco shares fell 1.3% after the firm posted blended fiscal second-quarter outcomes. Costco logged earnings per share of $2.14 on income of $44.77 billion. Analysts polled by Refinitiv anticipated earnings per share of $2.45 on income of $43.78 billion. To make certain, the firm famous its digital gross sales surged by 76% throughout the interval.

Broadcom – Shares of the chipmaker slid 2.8% regardless of the firm reporting better-than-expected earnings for the first quarter. Broadcom logged earnings per share of $6.61 on income of $6.66 billion. Analysts polled by Refinitiv anticipated earnings per share of $6.55 on income of $6.62 billion.

Gap – The clothes retailer’s inventory gained 4.7% as merchants weighed the firm’s newest quarterly outcomes. Gap reported income of $4.42 billion. Analysts surveyed by Refinitiv anticipated income of $4.66 billion. However, the firm additionally predicted gross sales would begin rising once more this yr after being battered by the coronavirus pandemic.

Imax – Imax shares climbed 4.3% after the firm reported blended fourth-quarter outcomes. The firm posted a loss per share of 21 cents. Analysts polled by Refinitiv anticipated a lack of 20 cents per share. The firm’s income of $56 million, nonetheless, beat a forecast of $46.Eight million.

CoStar Group – CoStar shares popped 5.5% after the firm withdrew its bid to accumulate CoreLogic. “With interest rates moving up, now is not the time for us to aggressively buy into the residential mortgage market,” Andrew Florance, founder and CEO of CoStar Group, stated in an announcement.

NXP Semiconductors – The chipmaker’s inventory rose 0.9% after the firm accredited a 50% hike to its quarterly dividend. Shareholders will obtain 56.25 cents for each bizarre share they personal. Additionally, NXP Semiconductor accredited a $2 billion buyback program.



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Written by Business Boy

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