After-Hours Trading Highlights: Key Companies Making Waves
Investors eagerly watch the after-hours trading scene, where several notable companies have recently made headlines. Here’s a look at the latest developments affecting these major players.
Apple Inc. (AAPL)
Apple saw a nearly 3% increase in its stock as investors reacted to the latest quarterly earnings report. While the company surpassed expectations for the fiscal first quarter, iPhone revenue fell short of Wall Street forecasts, raising questions among analysts.
Walgreens Boots Alliance (WBA)
In contrast, shares of Walgreens Boots Alliance plummeted 9% in extended trading. The pharmacy chain announced a suspension of its quarterly cash dividend as it embarks on a turnaround strategy aimed at strengthening its balance sheet.
Intel Corporation (INTC)
Intel’s stock rose nearly 4% after the chipmaker reported fourth-quarter earnings that exceeded expectations. The company earned 13 cents per share, adjusted, on $14.26 billion in revenue, both figures surpassing analyst predictions. However, Intel provided cautious guidance, noting seasonal factors and economic uncertainties.
SkyWest, Inc. (SKYW)
SkyWest experienced a 4% boost in share prices following a report that its fourth-quarter earnings surpassed expectations. The airline also revealed it had repurchased 47,000 shares of common stock for approximately $5 million.
Visa Inc. (V)
Visa’s stock climbed almost 3% after the company reported fiscal first-quarter results that outperformed Wall Street estimates. With adjusted earnings of $2.75 per share and revenue totaling $9.51 billion, Visa’s performance was stronger than expected, prompting the stock to hit an all-time high during the regular trading session.
Atlassian Corporation Plc (TEAM)
Atlassian’s shares surged by 19% after the enterprise technology firm exceeded consensus forecasts for its fiscal second quarter. The company reported earnings of 96 cents per share and $1.29 billion in revenue, both surpassing analyst expectations, while providing optimistic guidance for the current quarter.
KLA Corporation (KLAC)
KLA Corporation’s stock increased by 3% in after-hours trading, following the release of its fiscal second-quarter results. The company achieved adjusted earnings of $8.20 per share on revenue of $3.08 billion, both figures exceeding consensus estimates.
Deckers Outdoor Corporation (DECK)
On a different note, shares of Deckers Outdoor took a dive, falling 16%. Although the company raised its full-year revenue forecast to $4.9 billion, this still fell short of the $4.93 billion consensus estimate. Deckers reported earnings of $3 per share alongside $1.83 billion in revenue.
Boot Barn Holdings (BOOT)
Boot Barn shares dropped nearly 8% despite beating revenue expectations for the fiscal third quarter. However, the retailer’s guidance did not meet Wall Street’s consensus forecasts, creating disappointment among investors.
As the after-hours trading continues, these companies will remain in the spotlight, with investors eagerly awaiting more insights and developments.
