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Ulta, Affirm, Marvell and more

by Euro Times
August 26, 2022
in Markets
Reading Time: 1 min read
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Pedestrians stroll previous a Hole Inc. retailer in Shanghai, China.

Qilai Shen | Bloomberg | Getty Photographs

Take a look at the businesses making headlines in prolonged buying and selling.

Affirm — The buy-now-pay-later darling’s shares slid practically 14% after hours when it reported a bigger-than-expected quarterly lack of 65 cents per share, in response to Refinitiv. It additionally issued weak income steering for its fiscal first quarter and full yr.

Ulta Magnificence — The sweetness retailer’s inventory climbed greater than 3% in prolonged buying and selling after it reported earnings for the newest quarter that beat estimates by 70 cents per share, in response to Refinitiv. Ulta additionally raised its full-year earnings and income steering.

Hole — The clothes retailer rallied 10% in late buying and selling after posting a quarterly revenue, excluding one-time gadgets, of 8 cents per share. Its income got here in at $3.86 billion, 8% under the prior yr however larger than estimates of $3.82 billion, in response to Refinitiv.

Workday — The cloud vendor’s shares jumped nearly 12% after it posted better-than-expected earnings and income for its most up-to-date quarter, in response to Refinitiv. The corporate additionally reaffirmed its full-year steering, although it isn’t akin to estimates on account of subscription revenues.

Marvell Expertise — The chipmaker’s shares slipped about 3% regardless of a quarterly earnings beat. The corporate issued barely weaker-than-expected earnings and income steering for the third quarter, in response to Refinitiv consensus estimates.



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