Gap, Peloton, HP and more

Gap, Peloton, HP and more

Find out which companies are hitting the headlines after the bell:

Peloton Interactive – Peloton shares fell nearly 10% in extended trading after the exercise equipment company reported a widely expected quarterly loss. According to Refinitiv, the company reported a loss of $ 1.05 per share in the fiscal fourth quarter, compared to a loss of 45 cents per share expected by analysts. The company also cut the price of its bike by several hundred dollars.

Gap – Gap shares jumped nearly 8% in after-hours pay hours. The clothing retailer reported adjusted quarterly profit of 70 cents a share on revenue of $ 4.21 billion. According to Refinitiv, analysts are forecasting earnings of 46 cents a share on revenue of $ 4.13 billion.

HP – HP shares fell more than 3% in extended trading after the tech company missed quarterly earnings expectations. According to Refinitiv, the company reported third-quarter revenue of $ 15.29 billion, missing Wall Street’s estimate of $ 15.92 billion.

Workday – After-hours stocks rose more than 3% after improving the quarterly earnings report. The financial management and human resources software company posted adjusted earnings of $ 1.23 per share on revenue of $ 1.26 billion. Wall Street expects earnings of 78 cents a share on revenue of $ 1.24 billion, according to Refinitiv.

Marvell Technology – Shares of Marvell Technology fell nearly 5% in extended trading despite profit gains. According to Refinitiv, the company reported adjusted earnings of 34 cents per share, while analysts expected earnings of 31 cents per share. Marvell Technology’s second quarter revenue was in line with Wall Street estimates.

Oli’s Bargain Outlet – Shares of Oli fell more than 12% after hours after a widely expected quarterly loss. Ollie reported a loss of 52 cents a share on revenue of $ 416 million. Analysts were looking for a loss of 55 cents per share to $ 436 million, according to Refinitiv.

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