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Check out the businesses making headlines after the bell:
Ulta Beauty — Shares surged greater than 6% after hours as the wonder retailer’s quarterly report beat Wall Street estimates on the highest and backside traces. Ulta Beauty posted adjusted first-quarter earnings of $6.30 per share on income of $2.346 billion. Analysts had anticipated a revenue of $4.46 per share on income of $2.122 billion, in accordance with Refinitiv. The firm additionally issued better-than-expected ahead steerage for the complete yr.
Gap — The retail inventory sank about 13% in prolonged buying and selling after Gap slashed its revenue outlook for the yr. Old Navy weighed on outcomes as Gap administration mentioned the section’s lower-income prospects are feeling the stress of inflation.
Costco — Shares fell greater than 2% submit market regardless of the wholesale retailer posting better-than-expected quarterly gross sales. Costco noticed income of $52.596 billion versus the Refinitiv consensus estimate of $51.707 billion.
Dell — The laptop computer maker rose greater than 5% in prolonged buying and selling after Dell reported a income beat within the first quarter. Dell posted $26.12 billion in income versus the Refinitiv consensus estimate of $25.043 billion.
Marvell Technology — Shares ticked up 2.2% after hours because the semiconductor firm reported sturdy quarterly outcomes. Marvell reported adjusted first-quarter earnings of $0.52 per share on income of $1.447 billion. Analysts had anticipated a revenue of $0.51 per share on income of $1.427 billion, in accordance with Refinitv.
American Eagle — The inventory dropped greater than 10% after the retailer posted weaker-than-expected quarterly income. American Eagle reported $1.055 billion in income versus the Refinitiv consensus estimate of $1.142 billion.
Correction: Marvell Technology reported earnings of $0.52 per share. An earlier model used an incorrect quantity.