A dog sits in front of the New York Stock Exchange (NYSE) during the initial public offering (IPO) of Chewy Inc. in New York, USA, on Friday, June 14, 2019.
Michael Nagel | Bloomberg | Getty Images
Check out the companies that are making headlines after the bell.
ChargePoint inventory – ChargePoint, which makes charging systems for electric vehicles, rose more than 13% in expanded retail after reporting quarterly sales of $ 56.1 million, compared to an expected $ 49.1 million. The company also issued strong sales guidance for the third quarter and full year.
Chewy – The pet trader’s shares fell 10% after the quarterly results were released. Chewy posted a 4 cents per share loss, up over the 2 cents estimated by analysts. It also missed sales expectations, reporting $ 2.16 billion for the quarter up from estimates of $ 2.20 billion.
Five Down – The teen-focused retailer’s stocks fell about 9% after the quarterly results were released late Wednesday. Second quarter earnings were higher than analysts’ estimates at $ 1.15 per share, but fell short of revenue, reporting $ 646.6 million versus forecast of $ 648.3 million. Five Below also announced a revenue forecast of $ 550 million to $ 565 million for the third quarter.
Okta – Okta stock lost 3.5% despite reporting strong quarterly results. The identity company posted a loss of 11 cents per share, but at 24 cents it was less than the loss analysts had anticipated. It also topped sales at $ 315.5 million, compared to what analysts had forecasted $ 296.5 million.
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