Here’s a look at the companies making headlines in after-hours trading: Deckers Outdoor — Deckers rose 8 after reporting fiscal first-quarter earnings of $4.52 a share on revenue of $825 million, beating analysts’ expectations of $3.48 a share. % revenue was US$808 million. Dexcom — The medical device company’s stock price plunged more than 35%. Dexcom’s full-year revenue guidance was $4 billion to $4.05 billion, down from expectations earlier this year. Second-quarter revenue of $1.0 billion was below analysts’ expectations, while the consensus estimate was $1.04 billion, according to LSEG. Insulet shares fell 9.1% in response. Boston Beer Company — The maker of Twisted Tea and Samuel Adams fell 5% after second-quarter results missed Wall Street expectations. Boston Beer Co. reported earnings of $4.39 per share on revenue of $579 million, while analysts expected earnings of $5.02 per share on revenue of $597 million. Coursera — Shares of the online course provider soared 16%. Second-quarter revenue was $170 million, beating analysts’ expectations of $164 million, according to LSEG. Coursera posted a loss of 15 cents per share, while Wall Street expected a profit of 1 cent per share. Mohawk Industries — Shares of the flooring maker rose 10%. The company reported second-quarter adjusted earnings per share, excluding items, of $3 on revenue of $2.8 billion. Analysts polled by FactSet forecast earnings of $2.75 per share on revenue of $2.84 billion. The company also announced additional restructuring actions to generate annual savings of $100 million to reduce costs in a weakening market. Juniper Networks – Internet technology company fell 1%. Juniper Networks’ second-quarter adjusted earnings per share were 31 cents on revenue of $1.19 billion. That was below analysts’ expectations for LSEG’s earnings of 44 cents per share and revenue of $1.25 billion. —CNBC’s Darla Mercado contributed reporting.
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved