Check out which companies are making headlines after the bell on Wednesday:
Shares of Lululemon jumped more than 12 percent on heavy volume after the company reported earnings and comparable store sales that exceeded market expectations. The Canadian athletic apparel retailer reported adjusted earnings of 47 cents a share on revenues of $544 million. Analysts estimated the company to report profits of 43 cents a share on revenues of $540 million.
The company gave light earnings per share (EPS) and revenue guidance for the fourth quarter. CEO Laurent Potdevin said the quarter began with mixed sales results, but has since improved. Lululemon’s stock ended the day up 4.54 percent.
Costco shares fell more than 2 percent after the company’s earnings report did not meet analysts’ expectations. Costco reported earnings of $1.24 on revenues of $28.1 billion. Wall Street estimated earnings of $1.19 per share on revenues of $28.29 billion. The wholesale store chain reported a comparable sales growth of 1 percent on December 1.
H&R Block saw its stock climb more than 5 percent in choppy trade after the bell. The company’s quarterly results showed a adjusted loss of 67 cents a share, which is smaller than the 68 cents loss analysts were expecting. H&R Block reported revenues of $131 million, beating Wall Street expectations of $127 million.
Verint Systems shares fell 12 percent after the analytics company reported earnings that missed analysts’ estimates. Verint reported adjusted earnings of 59 cents a share on revenues of $260 million. Wall Street estimated earnings of 69 cents a share on revenues of $268 million. The company also gave guidance below analysts’ estimates.
