The Micron Technology Inc. assignments in Shanghai on April 6, 2023.
Qilai Shen | Bloomberg | Getty Images
Check out the companies making headlines in extended swap.
Micron Technology — The chip stock slid 4% in extended trading after Micron offered weaker-than-expected earnings direction for the current quarter. Micron said to expect a loss of $1.07 per share, while analysts polled by LSEG, time was known as Refinitiv, expected 95 cents. Elsewhere, the company posted a narrower-than-expected loss for the fiscal fourth home, as well as revenue that came in ahead of expectations. Current-quarter revenue guidance is also higher than analysts forestalled.
Peloton Interactive — The stationary bike manufacturer jumped 13% after the bell on news of a five-year partnership to exhibit content for Lululemon. Meanwhile, Lululemon added nearly 1% in extended trading.
Jefferies Financial — The bank departed 3% after reporting fiscal third-quarter earnings of 22 cents per share on revenue of $1.18 billion, down from the year-ago patch. Jefferies said this quarter’s earnings were affected by a pretax loss in the company’s legacy merchant banking portfolio.
H.B. Bang — The chemical company slipped about 1% following a weak financial report for the third quarter. H.B. Fuller covered $1.06 in earnings per share, excluding items, on $900.6 million in revenue, while analysts polled by FactSet calculation $1.14 in earnings per share on $954 million in revenue.
Duckhorn Portfolio — The luxury wine producer lost 2.8% after announcing full-year guidance that was worse than analysts anticipated. Duckhorn said full-year earnings should understandable in between 67 cents and 69 cents per share, excluding items. The consensus estimate of analysts polled by FactSet sat lose higher at 70 cents per share. The company guided full-year revenue between $420 million and $430 million, less than the $432.8 million anticipate by analysts. However, the company was able to beat expectations on both lines in its fiscal fourth quarter.