Stocks making the biggest moves after hours: Apple, Intel, Atlassian, Deckers and more
Check out the companies making headlines in after-hours trading: Apple — Shares slipped 1% as investors parsed the personal technology giant’s earnings report. While the company beat expectations for the fiscal first quarter on both lines, closely followed iPhone revenue came in below Wall Street’s forecast. Intel — Shares rose 1.4% after the chipmaker beat expectations on both lines for the fourth quarter. Intel earned 13 cents per share, excluding items, on revenue of $14.26 billion, while analysts polled by LSEG penciled in 12 cents per share and $13.81 billion in revenue. However, the company issued weak guidance , citing seasonality and uncertainties tied to the economic backdrop. SkyWest — The airline jumped 2% after announcing fourth-quarter earnings beat expectations on both lines, per FactSet. SkyWest also announced it repurchased 47,000 shares of common stock for nearly $5 million. Visa — The global payments stock added 1% after the company posted fiscal first-quarter results that surpassed Wall Street’s estimates. Visa reported adjusted earnings of $2.75 per share on revenue of $9.51 billion. Analysts called for $2.66 per share in earnings and revenue of $9.34 billion, per LSEG. During Thursday’s regular session, the stock touched an all-time high. Atlassian — The enterprise technology stock soared 16% after the company exceeded consensus forecasts in the fiscal second quarter and offered stronger-than-expected guidance for current-quarter revenue. Atlassian earned 96 cents per share, excluding items, and $1.29 billion in revenue, while analysts surveyed by LSEG anticipated just 76 cents per share in earnings and $1.24 billion in revenue. KLA Corporation — The chip equipment maker rose nearly 4% postmarket after fiscal second-quarter adjusted earnings of $8.20 on revenue of $3.08 billion topped consensus estimates of $7.75 in earnings per share and $2.95 billion in revenue, LSEG data showed. Deckers Outdoor — Shares dropped 16%. Deckers Outdoor raised its full-year revenue guidance to $4.9 billion, but still fell short of the consensus estimate of $4.93 billion. The footwear company behind Ugg and Hoka reported earnings of $3 per share on revenue of $1.83 billion. Analysts polled by LSEG reported earnings of $2.56 per share on revenue of $1.73 billion. Boot Barn — The Western-focused retailer dropped 6%. Despite beating revenue expectations of analysts polled by LSEG in the fiscal third quarter, Boot Barn reported guidance that did not exceed Wall Street’s consensus forecasts. — CNBC’s Sarah Min, Darla Mercado and Scott Schnipper contributed reporting. This post has been syndicated from a third-party source. View the original article here.
