The Stitch Fix logo on a smartphone placed in Hastings-on-Hudson, New York, USA on Saturday June 5, 2021. Stitch Fix Inc. is expected to be released on June 7th.
Tiffany Hagler-Geard | Bloomberg | Getty Images
Check out the companies that are making headlines after the bell:
Stitch Fix – Stitch Fix’s shares rose 15% in expanded trading after the online styling service announced fiscal third quarter results that beat Wall Street’s expectations. The company posted a loss of 18 cents per share on sales of $ 536 million. According to Refinitiv, analysts expected a loss of 27 cents per share on sales of 511 million US dollars. Stitch Fix reported 4.1 million active customers, 20% more than last year and more than the previous quarter.
Marvell Technology – Marvell shares traded 2.6% higher after better-than-expected gains in the first quarter.
Coupa Software – Coupa Software shares fell 7% in extended trading, despite exceeding Wall Street expectations for the company’s financial results for the first quarter. Coupa reported adjusted earnings of 7 cents per share, according to Refinitiv, beating analysts’ expectations of a loss of 19 cents per share. The company had sales of $ 166.9 million, beating Wall Street’s forecast of $ 152.6 million.
Biogen – Biogen stocks fell slightly in expanded trading after closing 38% higher in regular trading hours. The FDA on Monday approved the company’s Alzheimer’s drug, the first new drug for the disease in nearly two decades.
Keurig Dr. Pepper – The company’s shares fell 2.3% in expanded trading after announcing a secondary offering of 28 million shares on behalf of Mondelez International Holdings. The stock sale accounts for approximately 2% of KDP’s outstanding common stock, according to the company.
AMC Entertainment – AMC’s shares rose 3% in expanded trading after Meme stock rose another 14.8% in the regular session. Cinema stocks rose 83% last week while speculative trading was led by retail investors.