A customer wearing a protective mask checked out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021.
David Paul Morris | Bloomberg | Getty Images
Check out the companies making headlines after the bell on Thursday:
Costco – Costco’s shares fell 1.3% after the company released mixed fiscal results in the second quarter. Costco posted earnings per share of $ 2.14 over revenue of $ 44.77 billion. Analysts polled by Refinitiv had expected earnings per share of $ 2.45 on revenue of $ 43.78 billion. Certainly, the company noted that its digital sales increased 76% in the period.
Broadcom – The chipmaker’s shares fell 2.8%, although the company reported better-than-expected earnings in the first quarter. Broadcom recorded earnings per share of $ 6.61 on revenue of $ 6.66 billion. Analysts polled by Refinitiv had expected earnings per share of $ 6.55 over revenue of $ 6.62 billion.
Gap – The clothing retailer’s shares rose 4.7% as traders weighed the company’s latest quarterly results. The Gap posted revenue of $ 4.42 billion. Analysts polled by Refinitiv had expected revenue of $ 4.66 billion. However, the company also predicted that sales would grow again this year, after being hit by the coronavirus pandemic.
Imax – Imax shares rose 4.3% after the company released mixed results in the fourth quarter. The company recorded a loss per share of 21 cents. Analysts polled by Refinitiv had expected a loss of 20 cents per share. The company’s revenue of $ 56 million, however, exceeded the forecast of $ 46.8 million.
CoStar Group – CoStar’s shares jumped 5.5% after the company withdrew its offer to acquire CoreLogic. “With interest rates rising, now is not the time to be buying aggressively in the residential mortgage market,” said Andrew Florance, CoStar Group founder and CEO, in a statement.
NXP Semiconductors – Shares in the chip maker rose 0.9% after the company approved a 50% increase in its quarterly dividends. Shareholders will receive 56.25 cents for each common share they own. In addition, NXP Semiconductor has approved a $ 2 billion repurchase program.