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Discover the companies making headlines after the bell:
Ulta Beauty – Shares jumped more than 6% after hours as the beauty retailer’s quarterly report beat Wall Street estimates for both top and bottom earnings. Ulta Beauty posted adjusted earnings of $6.30 per share in the first quarter on revenue of $2.346 billion. Analysts had expected earnings of $4.46 per share on revenue of $2.122 billion, according to Refinitiv. The company also released better than expected guidance for the full year.
Gap – The retail stock fell about 13% in extended trading after Gap cut its profit outlook for the year. Old Navy weighed on results as Gap management said lower-income customers in the segment were feeling pressure from inflation.
Costco – Shares fell more than 2% post-market despite the wholesale retailer reporting better-than-expected quarterly sales. Costco made $52.596 billion in revenue compared to Refinitiv’s consensus estimate of $51.707 billion.
Dell – The laptop maker rose more than 5% in extended trading after Dell reported lower first-quarter revenue. Dell reported revenue of $26.12 billion compared to Refinitiv’s consensus estimate of $25.043 billion.
Marvell Technology – Shares rose 2.2% after hours as the semiconductor company reported strong quarterly results. Marvell reported first-quarter adjusted earnings of $0.52 per share on revenue of $1.447 billion. Analysts had expected earnings of $0.51 a share on revenue of $1.427 billion, according to Refinitv.
American Eagle – The stock fell more than 10% after the retailer posted weaker-than-expected quarterly revenue. American Eagle reported revenue of $1.055 billion versus Refinitiv’s consensus estimate of $1.142 billion.
Correction: Marvell Technology reported earnings of $0.52 per share. An earlier version used an incorrect amount.