Bed Bath & Beyond, NIO, Costco and more
Customers stroll past a Mattress Tub & Beyond keep in Washington, D.C.
Andrew Harrer | Bloomberg | Getty Photos
Check out out the organizations generating headlines after the bell:
Bed Bath & Beyond — The home merchandise retailer’s stock fell 11% in prolonged buying and selling just after the firm released its to start with-quarter economical outcomes. Bed Bath & Further than reported a reduction of $1.96 for every share excluding some objects on revenues of $1.31 billion though analysts polled by Refinitiv predicted a decline of $1.22 for each share on revenues of $1.39 billion. As the company’s suppliers were being closed during the pandemic, the retailer’s income fell 49% to $1.31 billion from $2.57 billion a 12 months in the past. The firm also mentioned it will shut about 200 of its outlets about the subsequent two several years.
NIO — Shares of the Chinese electric powered motor vehicle maker rose 3% in extended buying and selling. Nio’s stock hit an all-time significant before Wednesday even however the China Passenger Car or truck Affiliation announced that Chinese vehicle income fell 6.5% yr above 12 months in June, in accordance to SeekingAlpha. SeekingAlpha also claimed that Nio has also been a most loved among Robinhood traders this previous week.
Costco Wholesale — Shares of the massive-box retailer jumped 1% in extended trading following the enterprise launched sales benefits for June. Costco described web revenue of $16.18 billion for the retail thirty day period of June, an improve of 11.1% from $14.57 billion last year.
Norwegian Cruise Line — The cruise firm’s stock whipsawed in prolonged buying and selling and fell 1% just after Norwegian announced in a securities submitting that there is no extended “substantial question” about its ability to continue on as a “heading worry.” Norwegian previously warned of a attainable bankruptcy in Could 2020 but raised about $2 billion shortly following, making certain the company could survive the up coming yr even with no earnings.
Twitter — The social media firm’s inventory rose about 1% in immediately after-hrs buying and selling. Twitter shares closed 7.34% bigger in standard buying and selling Wednesday following the organization posted a task listing for a membership platform codenamed “Gryphon.” Throughout the day, Twitter taken out and then re-included the listing’s mentions of a membership element.