Katrina Lake, CEO of Sew Repair
Adam Jeffery | CNBC
Take a look at the businesses making headlines after the bell:
Stitch Fix — Shares of Sew Repair surged 15% in prolonged buying and selling after the net styling service reported fiscal third-quarter outcomes beating Wall Avenue expectations. The corporate posted a lack of 18 cents per share on income of $536 million. Analysts had been anticipating a lack of 27 cents per share on income of $511 million, in response to Refinitiv. Sew Repair reported 4.1 million lively purchasers, up 20% year-over-year and better than the earlier quarter.
Marvell Technology — Marvell shares traded 2.6% larger after hours following better-than-expected first-quarter earnings.
Coupa Software — Shares of Coupa Software program fell 7% in prolonged buying and selling regardless of beating Wall Avenue expectations for the corporate’s first-quarter monetary outcomes. Coupa reported adjusted earnings of seven cents per share, beating analysts’ expectations of a 19-cent loss per share, in response to Refinitiv. The corporate posted income of $166.9 million, which topped Wall Avenue’s projection of $152.6 million.
Biogen — Shares of Biogen dipped barely in prolonged buying and selling after closing 38% larger within the common session. The FDA approved the company’s Alzheimer’s drug Monday, the primary new medication for the illness in practically 20 years.
Keurig Dr Pepper — Shares of the corporate fell 2.3% in prolonged buying and selling after it announced a secondary providing of 28 million shares on behalf of Mondelez Worldwide Holdings. The inventory sale represents about 2% of KDP’s excellent widespread inventory, in response to the corporate.
AMC Entertainment — Shares of AMC added 3% in prolonged buying and selling after the meme inventory rallied one other 14.8% within the common session. The movie show inventory soared 83% last week amid speculative buying and selling led by retail buyers.