Stocks making the biggest moves after hours: Foot Locker, Cisco Systems, Boot Barn and more
Foot Locker – Shares of the sports apparel retailer soared 63%. The Wall Street Journal reported, citing sources familiar with the matter, that Dick’s Sporting Goods is closing in on a deal to buy the company for roughly $2.3 billion, or about $24 per share. Shares of Dick’s Sporting Goods slid about 4%. Cisco Systems – Shares of the networking technology company added 2% after fiscal third-quarter results topped estimates. Cisco posted adjusted earnings of 96 cents per share on revenue of $14.15 billion, while analysts polled by LSEG expected 92 cents in earnings per share on revenue of $14.08 billion. Cisco’s finance chief Scott Herren will be leaving the company in July. CoreWeave – The artificial intelligence infrastructure company saw shares fall 6%. CoreWeave posted a first-quarter loss of $1.49 per share, but beat the Street’s estimates on first-quarter revenue . Revenue surged 420% in the quarter against the same period a year ago. It was CoreWeave’s first quarterly report since it debuted on the public market. Boot Barn – The retailer of cowboy boots and Western-themed apparel surged 16%. Boot Barn is forecasting fiscal first-quarter earnings of $1.44 to $1.52 per share on revenue of $483 million to $491 million. The upper band of those ranges exceeded FactSet consensus estimates of $1.44 in earnings per share and $486.5 million in revenue. Anticipated same-store sales for the period also beat expectations. DXC Technology – Shares of the IT services company tumbled nearly 13%. Guidance for the fiscal first quarter fell short of expectations, with adjusted earnings expected to land between 55 cents and 65 cents per share, while analysts surveyed by FactSet had estimated 79 cents in earnings per share. Steris — The medical equipment maker climbed 5% after fiscal fourth-quarter earnings of $2.74 per share excluding one-time items beat analysts’ consensus estimate of $2.60, according to FactSet data. Revenue growth in the current fiscal year is forecast to meet or exceed what the Street was expecting, although higher tariffs are seen cutting pretax profit by about $30 million. Hawkins — Shares in the chemical maker surged 7% after fiscal fourth-quarter earnings and revenue surpassed analysts’ estimates. Hawkins earned 78 cents per share against a consensus estimate of 73 cents, and revenue of $245.3 million versus the $230.7 million analysts were looking for. This post has been syndicated from a third-party source. View the original article here.
