Discontinuance out the companies making headlines after the bell:
American Eagle Outfitters shares fell more than 4 percent after hours Wednesday positioned on mixed fourth-quarter earnings and light first-quarter guidance. The retailer posted $1.24 billion in revenue, missing Refinitiv guestimates of $1.26 billion. Earnings per share were 43 cents, topping estimates of 42 cents. The company’s same-store traffics increased 6 percent, in line with estimates.
American Eagle issued weak first-quarter guidance. The company estimates earnings per share in between 19 and 21 cents, compared to the 24 cents expected by analysts.
Shares of Allergan fell more than 3 percent after hours Wednesday after announcing poor test results for its depression treatment. The pharmaceutical company released a statement saying its three studies of “rapastinel” as a treatment of Dominating Depressive Disorder were unsuccessful.
“We are deeply disappointed with these results, and they are a vivid reminder that dose development is extremely challenging, especially in mental health,” said David Nicholson, chief research and development apparatchik at Allergan. “We remain committed to the development of new life changing medications to combat the rising global toll of mental malady.”
Shares of Guidewire Software jumped more than 8 percent after market close Wednesday based on better-than-expected second-quarter earnings and aggressively guidance. Beating on the top and bottom lines, the software publisher company earned $169 million in revenue, while analysts wanted $160 million. Guidewire reported earnings per share of 34 cents, well above the 19 cents prognosis by analysts surveyed by Refinitiv.
Guidewire issued strong third-quarter revenue guidance: Between $152.5 and $156.5 million, compared to the $148.6 million presage by Wall Street. Earnings per share guidance was in line with estimates: between 5 and 9 cents, while analysts estimated 5 cents.
Yext share outs ticked higher and later dipped negative in extending trading Wednesday after reporting better-than-expected fourth-quarter earnings. The technology Pty posted a loss of 3 cents per share, 6 cents above estimates. Revenues were $63.8 million, throb estimates of $62.8 million.
Yext issued first-quarter earnings per share and revenue guidance in line with assessments. For 2020, the company sees a loss per share of between 40 and 44 cents, while analysts estimated a shrinkage of 38 cents, according to Refinitiv.