A shopper wearing a protective mask checks out at a Costco store in San Francisco, California on Wednesday, March 3, 2021.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that hit the headlines on Thursday after the bell:
Costco – Costco stock fell 1.3% after the company posted mixed results for the fiscal year in the second quarter. Costco recorded earnings per share of $ 2.14 on revenue of $ 44.77 billion. Analysts polled by Refinitiv expected earnings per share of $ 2.45 on sales of $ 43.78 billion. However, the company saw digital sales increase 76% during the reporting period.
Broadcom – The chipmaker’s shares were down 2.8%, despite the company’s better-than-expected first quarter results. Broadcom posted earnings per share of $ 6.61 on revenue of $ 6.66 billion. Analysts polled by Refinitiv expected earnings per share of $ 6.55 on sales of $ 6.62 billion.
Gap – The clothing retailer’s stock rose 4.7% as retailers weighed the company’s latest quarterly results. Gap reported sales of $ 4.42 billion. Analysts surveyed by Refinitiv expect sales of 4.66 billion US dollars. However, the company also forecast sales would rise again this year after being hit by the coronavirus pandemic.
Imax – Imax stock rose 4.3% after the company reported mixed results for the fourth quarter. The company posted a loss per share of 21 cents. Analysts surveyed by Refinitiv expected a loss of 20 cents per share. However, the company’s revenue of $ 56 million exceeded a forecast of $ 46.8 million.
CoStar Group – CoStar shares rose 5.5% after the company withdrew its offer to acquire CoreLogic. “With interest rates soaring, now is not the time to aggressively buy into the residential mortgage market,” said Andrew Florance, Founder and CEO of CoStar Group, in a statement.
NXP Semiconductors – The chipmaker’s stock rose 0.9% after approving a 50% increase in its quarterly dividend. Shareholders receive 56.25 cents for every common share they own. In addition, NXP Semiconductor approved a $ 2 billion buyback program.