Check out which companies are making headlines after the bell on Thursday:
Starbucks shares fell sharply and were down more than 4 percent in extended trade Thursday after the coffee company’s chairman and CEO, Howard Schultz, announced he would step down as CEO in April 2017. Kevin Johnson, the current president and COO of Starbucks, will assume the responsibilities of president and CEO at that time.
Schultz will be appointed executive chairman and continue serving as chairman of the board. He will focus on the innovation, design and development of Starbucks’ premium brand and expansion of its retail stores. Both Schultz and Johnson will join CNBC’s “Squawk Box” exclusively on Friday morning at 7:30 a.m. ET to discuss the move.
Shares of Smith & Wesson fell more than 7 percent after the company gave weak guidance for its current quarter during its earnings report Thursday. For the reported fiscal second quarter, the firearms manufacturer beat on both the top and bottom lines, reporting adjusted earnings of 68 cents a share on revenue of $234 million. Analysts estimated earnings of 56 cents a share on revenues of $228 million.
Its fiscal-year 2017 EPS guidance was slightly above estimates.
Ulta shares jumped more than 6 percent after the bell Thursday, following the beauty store chain’s quarterly results. The company posted earnings of $1.40 a share on revenues of $1.13 billion. Analysts estimated earnings of $1.37 a share on revenue of $1.11 billion. The company also raised its fourth-quarter EPS and revenue guidance above estimates.
Five Below jumped more than 7 percent after the company’s mixed earnings report. The discount store chain posted earnings of 10 cents a share, beating estimates by a penny. It posted revenues of $200 million, slightly missing estimates of $201 million.
The company opened 26 new stores, ending the quarter with 517 stores in 31 states. Its comparable sales decreased by 0.2 percent
source”cnbc”
