Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois.
Scott Olson | Getty Images News | Getty Images
Find out which companies are hitting the headlines after the bell:
Nordstrom – The department store chain’s shares fell about 20% as a result of its quarterly results. Nordstrom reported earnings of 39 cents per share, well below the 56 cents expected by analysts. Labor costs reduced profits and sales and Nordstrom Rack, its non-price division, struggled to return to pre-pandemic levels, the company reported.
Gap – The clothing retailer saw its shares fall more than 15% after missing earnings and revenue expectations for its fiscal third quarter. It also slashed its full-year revenue outlook from a 30% increase to a 20% increase, compared to analysts’ expectations of a 28.4% year-over-year gain. , according to Refinitiv.
HP – The computer hardware company saw its shares jump about 6% in the wake of its quarterly results. HP reported earnings of 94 cents per share on revenues of $ 16.68 billion, beating analysts’ estimates of 88 cents per share on revenues of $ 15.4 billion, according to Refinitiv. It also raised its forecast for the first quarter to a range of 99 cents to $ 1.05 per share, against 94 cents per share expected by analysts.
VMware – Shares of cloud computing company VMware rose 1% after the company reported quarterly earnings decline. VMware reported earnings of $ 1.72 per share, beating expectations by 18 cents, and revenue of $ 3.19 billion, beating estimates by $ 3.12 billion.
Autodesk – Shares of the software company fell more than 13% despite declining results for its most recent quarter. Autodesk released a profit and revenue forecast for the fourth quarter that was significantly lower than estimated.