A client walks towards a GameStop retailer in Ottawa, Illinois, April 1, 2019.
Daniel Acker | Bloomberg | Getty Images
Check out the firms making headlines after the bell on Wednesday:
Pure Storage – Pure Storage shares gained 4.9% after the data-storage firm’s income beat analyst expectations. Pure Storage’s income for the fourth quarter got here in at $502.7 million, which is forward of a FactSet estimate of $480.2 million. The firm additionally issued first-quarter income steering of $405 million, which is above a FactSet forecast of $394.2 million.
Booking Holdings – Booking Holdings shares rose 0.3% on the again of better-than-expected outcomes for the earlier quarter. Priceline.com’s mum or dad firm reported a lack of 57 cents per share on income of $1.24 billion. Analysts polled by Refinitiv had forecast a lack of $4.28 per share on income of $1.18 billion. “Looking ahead, I am more confident than ever in our long-term future and in the eventual strong recovery of travel demand,” CEO Glenn Fogel stated.
Teladoc Health – The telemedicine firm’s shares dropped 6.6% after Teladoc launched combined quarterly outcomes. The firm posted a loss per share of 27 cents on income of $383.Three million. That loss was Three cents per share larger than what analysts anticipated, in accordance with Refinitiv. However, Teladoc’s income of $383.Three million beat a forecast of $378.9 million.
Nvidia – Shares of the chipmaker climbed as a lot as 3.4% after the firm reported better-than-expected fourth-quarter outcomes. Nvidia reported earnings per share of $3.10 on income of $5 billion, whereas analysts anticipated earnings per share of $2.81 on income of $4.82 billion, in accordance with Refinitiv. The firm additionally issued first-quarter income steering of $5.Three billion, simply topping a FactSet forecast of $4.49 billion. The inventory later gave up its features, nonetheless, to commerce 3.3% decrease.
ViacomCBS – ViacomCBS shares ticked larger by 0.6% after the media big launched its fourth-quarter outcomes. The firm earned $1.04 per share, beating a Refinitiv estimate by 2 cents. ViacomCBS’ income was roughly according to expectations at $6.87 billion. Additionally, the firm stated its international streaming subscribers grew to almost 30 million throughout the quarter. Domestic subscribers jumped by 71% to 19.2 million yr over yr.
L Brands – L Brands shares gained 4.4% on fourth-quarter earnings that beat analyst expectations. The firm posted a revenue of $3.03 per share, beating a Refinitiv estimate of $2.91 per share. L Brands additionally issued sturdy earnings steering for the first quarter. L Brands’ outcomes come after The New York Times reported the firm is making an attempt to promote a majority stake in its Victoria’s Secret enterprise.