A buyer wearing a face mask goes to a Costco store in San Francisco, California, on Wednesday, March 3, 2021.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that make headlines after the bell on Thursday:
Costco – Costco shares fell 1.3% after the company posted mixed tax results in the second quarter. Costco posted earnings per share of $ 2.14 to revenue of $ 44.77 billion. Analysts surveyed by Refinitiv expected earnings per share of $ 2.45 on revenue of $ 43.78 billion. To be sure, the company noticed that its digital sales increased by 76% during that period.
Broadcom – Chip maker shares fell 2.8%, despite the company reporting better-than-expected earnings in the first quarter. Broadcom posted earnings per share of $ 6.61 to revenue of $ 6.66 billion. Analysts surveyed by Refinitiv expected earnings per share of $ 6.55 on revenue of $ 6.62 billion.
Gap – The shares of the clothing retailer increased by 4.7%, as traders weighed the company’s latest quarterly results. Gap reported revenue of $ 4.42 billion. Analysts surveyed by Refinitiv predicted revenues of $ 4.66 billion. However, the company also predicted that sales will start to grow again this year, after being affected by the coronavirus pandemic.
Imax – Imax shares rose 4.3% after the company reported mixed results in the fourth quarter. The company recorded a loss of 21 cents per share. Analysts surveyed by Refinitiv expected a loss of 20 cents per share. However, the company’s revenue of $ 56 million exceeded the forecast of $ 46.8 million.
CoStar Group – CoStar shares fell 5.5% after the company withdrew its CoreLogic takeover bid. “With rising interest rates, now is not the time for us to aggressively buy into the residential mortgage market,” Andrew Florance, founder and CEO of CoStar Group, said in a statement.
NXP Semiconductors – Chip maker shares rose 0.9% after the company approved a 50% increase in its quarterly dividend. Shareholders will receive 56.25 cents for each common share they hold. In addition, NXP Semiconductor has approved a $ 2 billion buyback program.