A person seems to be at GameStop at sixth Avenue on February 25, 2021 in New York.
John Smith | Corbis News | Getty Images
Check out the corporations making headlines after the bell on Tuesday:
GameStop – Shares of the online game retailer dropped 11.9% after the firm posted disappointing outcomes for its fourth quarter. GameStop logged earnings per share of $1.34 on income of $2.12 billion. Analysts surveyed by Refinitiv predicted earnings per share of $1.35 on income of $2.21 billion. The firm added it’s contemplating promoting inventory to fund its transformation.
Intel – Shares of the chipmaker rose 4.1% after the firm introduced it’s spending $20 billion to construct two main chip crops in Arizona. Intel additionally stated it is going to act as a producing associate for chip corporations that target semiconductor design however cannot make the chips themselves.
Steelcase – The furnishings firm’s inventory slid 3.9% after the firm gave weaker-than-expected steering for the first quarter. Steelcase expects first-quarter income to vary between $540 million and $570 million. That’s under a FactSet estimate of $579.9 million. The firm additionally expects losses to vary between 34 cents per share and 27 cents per share. Analysts had forecast a lack of 10 cents per share. The disappointing forecast overshadowed the launch of better-than-expected outcomes for the fourth quarter.
Adobe – The laptop software program firm’s inventory slipped by lower than 1% even after the launch of fiscal first-quarter outcomes that topped Wall Street expectations. Adobe posted earnings per share of $3.14 on income of $3.91 billion. Analysts polled by Refinitiv anticipated a revenue of $2.78 per share on income of $3.76 billion.