A sign in front of the headquarters of Levi Strauss & Co. on April 9th, 2021 in San Francisco, California.
Justin Sullivan | Getty Images
Check out the companies that are making the headlines after Bell Thursday:
Levi Strauss – Levi Strauss shares rose 3.2% after the retailer beat Wall Street expectations for its second quarter fiscal year results. Levi reported adjusted earnings of 23 cents per share on sales of $ 1.28 billion. According to Refinitiv, analysts expected earnings of 9 cents per share on sales of 1.21 billion US dollars.
General Motors – General Motors shares rose 1.3% after Wedbush initiated coverage of the stock with an outperform rating and a target price of $ 85. This target implies an uptrend of more than 51% from Thursday’s close. “CEO Mary Barra, along with other key executives, has led the long-established auto company back to the top of the US auto industry,” Wedbush’s Dan Ives said in a press release.
PriceSmart – PriceSmart’s shares rose 2.4% in weak trading on the back of the warehouse club operator’s earnings report for the third quarter. PriceSmart posted earnings of 73 cents per share, compared to a FactSet estimate of 65 cents per share.
Accolade – Accolade shares rose 1.2% in low volume trading after the company released its latest quarterly results. The health technology company reported sales of $ 59.5 million, according to FactSet, versus analysts’ estimate of $ 55.8 million. Accolade also posted a less than expected EBITDA loss.