logo
Plus   Neg
Share
Email

After Hours: NetApp, Box, Pedevco Gain; Williams-Sonoma Slips

Williams-Sonoma Inc. (WSM) - Shares of the home goods retailer slipped 6% on Wednesday after the bell despite the company reporting a second-quarter profit and revenues that trumped Wall Street expectations, driven largely by online sales. Second-quarter profit rose to $134.6 million or $1.70 per share from $62.6 million or $0.79 per share last year. Adjusted earnings were $1.80 per share, beating Thomson Reuters polled analysts' estimate of $1.00 per share. Revenues grew 8.8% to $1.49 billion from $1.37 billion last year. E-commerce revenue grew by 46%. Analysts had a consensus revenue estimate of $1.47 billion.

NetApp Inc. (NTAP) - Shares of the company jumped over 10% on extended trading Wednesday after the company's first-quarter profit and revenues trumped Wall Street estimates. The data-storage company reported first-quarter profit of $77 million or $0.35 per share, down from $103 million or $0.42 per share last year. Adjusted earnings were $0.73 per share, beating analysts' estimate of $0.41 per share. Sunnyvale, California-based NetApp's revenues rose to $1.30 billion from $1.24 billion last year. Analysts had a consensus revenue estimate of $1.15 billion.

Box Inc. (BOX) - Shares of the enterprise-software maker jumped nearly 8% in after-hours trading Wednesday after the company reported a second-quarter results that topped Wall Street estimates and also issued a strong guidance. Adjusted earnings were $0.18 per share, compared to breakeven per share last year. Revenues improved 11% to $192.3 million from $172.5 million a year ago. Analysts expected earnings of $0.12 per share on revenues of $189.56 million. Moving ahead, the company expects adjusted earnings of $0.56 to $0.60 per share and revenues of $767 million to $770 million. Analysts currently estimate earnings of $0.50 per share and revenues of $765.11 million.

Pedevco Corp. (PED) - Shares of the company surged 73% on Wednesday after the bell. Pedevco delivered an open letter to the SandRidge Permian Trust, its Unit Holders, and the operator of its assets regarding an indication of interest to acquire the SandRidge Permian Trust and underlying assets.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration (FDA) has gone ahead with the approval of antiviral drug remdesivir as first treatment for COVID-19, notwithstanding last week's findings by the World Health Organization (WHO) that the drug is not effective for COVID-19 treatment. Thursday, Gilead Sciences announced that the FDA approved remdesivir, sold under the brand name Veklury. Integrated payments firm American Express Co. (AXP) reported Friday that net income for the third quarter declined to $1.1 billion or $1.30 per share from $1.8 billion or $2.08 per share in the prior-year quarter. Consolidated total revenues, net of interest expense, also decreased 20 percent to $8.8... The Federal Trade Commission or FTC has launched a new fraud reporting platform, using which, consumers can easily report fraud and all other consumer issues directly to the regulator. In a statement, the FTC said its new website, ReportFraud.ftc.gov, will provide a streamlined and user-friendly way to submit reports about scams, frauds, and bad business practices.
RELATED NEWS
Follow RTT