A five below location.
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Check out the companies that hit the headlines on Wednesday after the bell:
Five Down – The discounter’s stocks rose 6% after fourth quarter results beat Wall Street analysts’ expectations. Five Below reported earnings per share of $ 2.20 on revenue of $ 859 million. Analysts polled by Refinitiv expected earnings of $ 2.11 per share on sales of $ 838 million.
PagerDuty – PagerDuty stock fell 5% after the company released a forecast for the first quarter and full year that fell short of analysts’ expectations. The company expects to lose between 9 cents per share and 10 cents per share in the first quarter. Analysts surveyed by FactSet expected a loss of 7 cents per share. For the year PagerDuty expects a loss of between 36 cents per share and 43 cents per share. That’s more than a FactSet forecast for a loss of 22 cents per share. PagerDuty’s disappointing forecasts overshadowed the release of better-than-expected results for the previous quarter.
Williams-Sonoma – The cookware company’s shares fell 11% after the company announced better-than-expected fourth-quarter results. Williams-Sonoma had earnings per share of $ 3.95 on sales of $ 2.29 billion. Analysts polled by Refinitiv expected earnings per share of $ 3.39 on sales of $ 2.18 billion. The company also announced an 11% quarterly dividend increase and a $ 1 billion share buyback program.
Lordstown Motors – The electric vehicle maker’s shares fell 4% after the company confirmed the Securities and Exchange Commission requested information on a report from Hindenburg Research alleging the company had pre-orders for its new electric pickup inflated up artificially. The vehicle is to be produced in September.