Stocks with the biggest gains after hours: AVGO, COST, MDB | Private Equity Weekly
Check out the companies making headlines in after-hours trading. Broadcom — Shares of Broadcom fell 3% after the semiconductor company issued full-year revenue guidance that was in line with analysts’ expectations, according to LSEG. For the fiscal first quarter, Broadcom reported adjusted earnings of $10.99 per share, while analysts surveyed by LSEG had expected $10.29 per share. Revenue was $11.96 billion, higher than analysts’ forecast of $11.72 billion, according to LSEG. Marvell Technology — Marvell, which supplies data infrastructure semiconductor products, reported first-quarter revenue guidance of $1.15 billion, while analysts polled by LSEG expected $1.37 billion, sending the company’s shares down 8%. Marvell also reported lower-than-expected adjusted earnings guidance for the first quarter. Gap — The apparel retailer’s latest quarter profit beat analysts’ expectations, sending its shares up 7%. Gap reported earnings of 49 cents per share on revenue of $4.3 billion, while analysts expected earnings of 23 cents per share on revenue of $4.22 billion, according to LSEG. The company’s Old Navy brand returned to growth for the first time in more than a year, driving Gap’s overall gross profit margin growth. Costco Wholesale — The retailer’s fiscal second-quarter revenue came in slightly below expectations, sending its shares down 4%. Costco reported revenue of $58.44 billion, while analysts had expected $59.16 billion, according to LSEG. MongoDB – Shares of MongoDB fell 12% after the database software maker gave disappointing first-quarter and full-year guidance. However, the company beat expectations with fourth-quarter adjusted earnings of 86 cents per share, compared with analysts’ forecast of 47 cents per share, according to LSEG. Revenue for the quarter was $458 million, above expectations of $433 million. DocuSign — Shares of DocuSign surged 12% after DocuSign, which provides electronic signature products, beat expectations and gave positive first-quarter guidance. The company reported fourth-quarter adjusted earnings of 76 cents per share on revenue of $712 million. Analysts expected earnings of 64 cents per share on revenue of $699 million, according to LSEG. Samsara — Internet of Things company shares rose 15%. Samsara reported fourth-quarter revenue of $276 million, while analysts polled by LSEG expected revenue of $258 million. —CNBC’s Darla Mercado contributed reporting.
