© Reuters
After-Hours Movers:
Tilray (NASDAQ:) 19% LOWER; announced that it has commenced a registered offering of $150 million aggregate principal amount of Convertible Senior Notes due 2027
Marvell Technology (NASDAQ:) 14% HIGHER; reported Q1 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. came in at $1.32 billion versus the consensus estimate of $1.3B. Marvell Technology sees Q2 2024 EPS of $0.27-$0.37, versus the consensus of $0.31. Marvell Technology sees Q2 2024 revenue of $1.33B, versus the consensus of $1.31B. The company is forecasting AI revenue in fiscal 2024 to at least double from the prior year and continue to grow rapidly in the coming years.
Gap Inc (NYSE:) 13% HIGHER; reported Q1 EPS of $0.01, $0.16 better than the analyst estimate of ($0.15). came in at $3.28B versus the consensus estimate of $3.29B. The company is estimating second-quarter net sales could decrease in the mid to high-single-digit range compared to last year’s net sales of $3.86B.
Ulta Beauty (NASDAQ:) 9% LOWER; reported Q1 EPS of $6.88, $0.06 better than the analyst estimate of $6.82. came in at $2.6B versus the consensus estimate of $2.62B. Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 9.3% compared to an increase of 18.0% in the first quarter of fiscal 2022, driven by an 11.0% increase in transactions and a 1.5% decrease in average ticket. Ulta Beauty sees FY2023 revenue of $11-11.1B, versus the consensus of $11.12B.
Workday (NASDAQ:) 8% HIGHER; reported Q1 EPS of $1.31, $0.19 better than the analyst estimate of $1.12. came in at $1.68B versus the consensus estimate of $1.67B. The company is raising the low end of fiscal 2024 subscription revenue guidance to a range of $6.550B to $6.575B, representing 18% growth over the prior fiscal year.
