See which stocks are posting big moves after the bell on Thursday.
Customers push shopping carts while exiting a Costco Wholesale Corp. store in Richmond, California.Check out the companies making headlines after the belldipped 1% during extended trade after the company reported sales that missed analyst expectations for the fourth quarter. The wholesaler reported $47.50 billion in revenue, just shy of Wall Street's expectation of $47.57 billion, based on a survey of analysts by Refinitiv.
Net income grew to $1.09 million, or $2.47 a share, compared to the $1.04 million, or $2.36 per share a year prior. Sales at Costco stores open more than a year also grew 5.1%. In the U.S., same-store sales grew 6.2% compared to 1.9% growth internationally.shares tanked nearly 17% after the memory chip-maker posted a fourth-quarter miss on revenue. Net sales came in at $278.4 million compared to the $285 million analysts expected, according to Refinitiv. Quarter four net sales are down 26% year over year.
Their COO and CFO Jack Pacheco attributed the earnings miss due to "weakness in [their] supply chain services business."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Traders make bullish bets on Costco, but there could be downside risks brewingCostco Wholesale Corp. shares caught a wave of bullish bets ahead of the company's Thursday earnings report, but not everybody sees the winning streak continuing.
Read more »
Costco Is Selling a Giant Tiramisu Cake — And You Can Get It DeliveredCostco is selling a giant tiramisu cake — and you can get it delivered
Read more »
Stocks making the biggest moves premarket: Lennar, TD Ameritrade, Stitch Fix, Twitter & moreThese are the stocks posting the largest moves before the bell.
Read more »
Stocks making the biggest moves midday: TD Ameritrade, Delta Air Lines, Stitch Fix & moreCheck out the companies making headlines in midday trading.
Read more »
Stocks making the biggest moves after hours: Tesla, Bed Bath & Beyond, GoPro and moreSee which stocks are posting big moves after the bell on Wednesday.
Read more »
Stocks making the biggest moves premarket: PepsiCo, Tesla, E*Trade, GoPro & moreThese are the stocks posting the largest moves before the bell.
Read more »