Signage will be posted prior to Chewy’s initial public offering on the New York Stock Exchange on June 14, 2019.
Andrew Kelly | Reuters
Check out the companies that hit the headlines on Tuesday after the bell:
Chewy – The pet products retailer stocks rose 8% after the company reported fourth quarter results that beat analysts’ expectations. Chewy reported earnings per share of 5 cents on sales of $ 2.04 billion. Analysts polled by Refinitiv expected losses per share of 10 cents on sales of 1.96 billion US dollars.
PVH Corp. – Closing company’s stocks fell 1% after the company posted fourth-quarter revenue that fell short of analysts’ expectations. PVH had sales of $ 2.09 billion. Analysts polled by Refinitiv forecast sales of $ 2.12 billion. The company lost 38 cents per share on an adjusted basis, but it was unclear whether that was comparable to a refinitive forecast of 34 cents per share loss.
Lululemon – Lululemon stock was down 0.7% even after the company reported better-than-expected fourth-quarter results. The sportswear retailer had earnings per share of $ 2.58 on sales of $ 1.73 billion. Analysts polled by Refinitiv expected earnings per share of $ 2.49 on sales of $ 1.66 billion.
Illumina – The biotech company’s shares fell 0.7% on low volume, setting the stock on track to build on the 6.6% decline from the regular session. Illumina stocks came under pressure Tuesday after the Federal Trade Commission filed a complaint to block the company’s acquisition of Grail, which conducts cancer screening tests. The complaint alleges that the deal will “reduce innovation in the US MCED testing market”.