Companies Making Headlines in Extended Trading
The video game retailer, GameStop, experienced a surge of 5% in after-hours trading following an increase in sales for its latest quarter. GameStop reported a revenue of $1.164 billion in the second quarter, which is up from $1.136 billion in the same period last year.
American Eagle Outfitters
American Eagle Outfitters, a clothing retailer, saw a 2.6% decline in its stock after reporting second-quarter results. The company’s revenue reached $1.2 billion, meeting Wall Street estimates. However, American Eagle’s earnings surpassed expectations at 25 cents per share, compared to the predicted 16 cents per share.
Shares of C3.ai dropped nearly 6% in extended trading as the company forecasted a larger-than-expected operating loss for the fiscal second quarter. C3.ai expects an operating loss of $27 million to $40 million, while analysts anticipated a loss of $20.5 million. In the previous quarter, C3.ai reported a loss of 9 cents per share, excluding items, on a revenue of $72.4 million, surpassing analysts’ predictions of a loss of 17 cents per share on a revenue of $71.6 million.
ChargePoint Holdings’ stock declined by 10% after the company reported a fiscal second-quarter revenue miss. The electric vehicle charging infrastructure company recorded $150 million in revenue, falling short of the analysts’ forecast of $153 million. ChargePoint also announced a reduction in its global workforce by approximately 10%.
The analytics company, Verint Systems, experienced a 13% drop in extended trading after missing earnings and revenue expectations in the second quarter. Verint posted adjusted earnings of 48 cents per share, while analysts predicted 57 cents per share. The company’s revenue reached $210.2 million, falling short of the estimated $57.4 million.
The drive-through coffee chain, Dutch Bros, saw a decrease of over 5% in after-hours trading following the announcement of a public offering of $300 million in shares of its Class A common stock.
— WS News Publishers’s Ethan Kraft and Darla Mercado contributed reporting.