Signage will be posted prior to Chewy’s initial public offering on the New York Stock Exchange on June 14, 2019.
Andrew Kelly | Reuters
Check out the companies that hit the headlines on Tuesday after the bell:
Chewy – The pet products retailer stocks rose 8% after the company reported fourth quarter results that beat analysts’ expectations. Chewy reported earnings per share of 5 cents on sales of $ 2.04 billion. Analysts polled by Refinitiv expected losses per share of 10 cents on sales of 1.96 billion US dollars.
PVH Corp. – Closing company’s stocks fell 1% after the company posted fourth-quarter revenue that fell short of analysts’ expectations. PVH had sales of $ 2.09 billion. Analysts polled by Refinitiv forecast sales of $ 2.12 billion. The company lost 38 cents per share on an adjusted basis, but it was unclear whether that was comparable to a refinitive forecast of 34 cents per share loss.
Lululemon – Lululemon stock was down 0.7% even after the company reported better-than-expected fourth-quarter results. The sportswear retailer had earnings per share of $ 2.58 on sales of $ 1.73 billion. Analysts surveyed by Refinitiv expected earnings per share of $ 2.49 on sales of $ 1.66 billion.
Illumina – The biotech company’s shares were down 0.7% on low volume, setting the stock on track to build on the 6.6% drop from the regular session. Illumina stocks came under pressure Tuesday after the Federal Trade Commission filed a complaint to block the company’s acquisition of Grail by the company that conducts cancer screening tests. The complaint alleges that the deal will “reduce innovation in the US MCED testing market”.