The biggest moves after the bell: Hyatt Hotels & more

The biggest moves after the bell: Hyatt Hotels & more

People stroll around the International Hotel Grand Hyatt during the outbreak of the COVID-19 pandemic on May 21, 2020 in New York City.

See Press | Corbis News | Getty Images

Take a look at the companies that have been making the headlines since Tuesday’s bell:

FedEx – Shares of the shipping company fell nearly 4% after FedEx released its quarterly results. According to Refinitiv, the company reported a modest drop in revenue, but earnings per share of $ 4.37, 54 cents below analyst estimates. The company cited labor availability, higher wages and transportation costs for the quarterly results.

Stitch Fix – The digital styling service rose more than 15% after reporting strong quarterly earnings of 19 cents per share, compared to a loss of 13 cents per share for Wall Street analysts polled by Refinitiv. It also hit revenues, registering $ 571.2 million, up from around $ 548 million, and cited disproportionate growth in its women and children categories.

Adobe – Software company Adobe also released its results on Tuesday evening. The stock lost more than 3%, despite Refinitiv reporting earnings of $ 3.11 per share, compared to analyst estimates. Adobe also beat revenue and released strong fourth quarter results and revenue guidance.

Hyatt Hotels – Shares of Hotel Corporation fell nearly 3% after its announcement on Tuesday night that it would offer 7 million Class A common shares to fund part of the purchase price of the ongoing acquisition of Apple Leisure Group.

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