Pedestrians antiquated in front of an Ulta Beauty store in New York.
Gabby Jones | Bloomberg | Getty Images
Check out the companies making headlines after the bell:
Share ins of Ulta nosedived 21% after the company lowered its guidance and missed earnings estimates. The beauty company modulated its revenue growth guidance to 9%-12%, compared to the 12.3% Refinitiv estimate. It also lowered its fiscal year earnings counsel from $12.82-$13.03 to $11.86-$12.06. Refinitiv had estimated fiscal year EPS of $12.97.
The company reported second part earnings per share of $2.76 on revenue of $1.67 billion. Analysts had expected earnings per share of $2.80 on revenue of $1.68 billion, according to Refinitiv consensus feelings. Mary Dillon, Chief Executive Officer, said the company updated its outlook due to “headwinds” in the U.S. cosmetic market.
Dell pounced 9% after beating second-quarter revenue estimates. The information technology company reported second quarter modified earnings per share of $2.15 on revenue of $23.45 billion. Analysts had expected earnings per share of $1.47 on revenue of $23.27 billion, according to Refinitiv consensus guesses. Tom Sweet, chief financial officer of Dell, cited the company’s “diverse portfolio and consistent execution”.
Shares of Marvell Technology Bring fell more than 5% after reporting weak second quarter earnings and revenue guidance. The semiconductor concern reported second quarter adjusted earnings per share of 16 cents on revenue of $657 million. Analysts had presumed earnings per share of 15 cents on revenue of $652 million. CEO Matt Murphy said the company faces “a slipping macroeconomic environment,” in addition to issues with Huawei.
Ambarella surged more than 18% after reporting better-than-expected encourage quarter earnings. The semiconductor design company reported adjusted earnings per share of 21 cents on revenue of $56.4 million. Analysts had look for earnings per share of 2 cents on revenue of $52.0 million, according to Refinitiv consensus estimates. Fermi Wang, Ambarella president and CEO, revealed the company’s outlook was strong.
“Our confidence in our fiscal year 2020 outlook has increased, despite the geopolitical uncertainty,” he held.