A pedestrian carries a Nordstrom shopping bag in Chicago.
Christopher Dilts | Bloomberg | Getty Images
Find out which companies are making headlines after the bell.
Nordstrom – Fashion retailer shares fell 8% in extended trade after the company fell short of analysts’ fourth-quarter earnings and earnings expectations. The company reported earnings of $ 1.42 per share excluding certain items, compared to analysts’ estimates of $ 1.47 per share, according to Refinitiv. The company reported revenue of $ 4.54 billion, below analysts’ expectations of $ 4.56 billion.
Nordstrom also announced that Erik Nordstrom would become its sole CEO, removing the joint chairmanship he and his brother Pete shared. Pete Nordstrom will now be president and brand manager. The company also said it would reduce its board of directors from 11 directors to 10 over the next two years.
Hewlett Packard Enterprise – The company saw its shares fall 6% in extended transactions after reporting first-quarter earnings lower than analysts’ estimates. HPE had sales of $ 6.95 billion, while analysts polled by Refinitiv estimated $ 7.21 billion. The company’s profit of 44 cents per share, excluding certain items, was in line with analysts’ estimates, according to Refinitiv.
Ambarella – Shares of the semiconductor maker rose 7% in extended deals after the company released its fourth quarter results. The company posted revenue of $ 57.2 million, up 12% from $ 51.1 million for the same period in fiscal 2019. Ambarella reported a net loss for the fourth quarter was $ 13.0 million, or 39 cents per share.
Urban Outfitters – The clothing retailer’s stock fell 5% in extended trade after the company released its fourth quarter results. Urban Outfitters announces earnings of 50 cents per share. According to Refinitiv, the company’s reported revenue of $ 1.17 billion is exactly in line with analysts’ estimates.
Ross Stores – Discount fashion chain stock fell nearly 4% in extended trade after company CEO Barbara Rentler said in a statement that there was still “a high level of uncertainty about supply chain disruptions in China “due to coronavirus. The company also offered earnings forecasts for the first quarter below analysts’ expectations. Ross Stores said it expects earnings of $ 1.16 to $ 1.21 a share, while analysts polled by Refinitiv expected $ 1.25 a share. However, the company beat profits and revenues for the fourth quarter. Ross Stores reported earnings of $ 1.28 per share on revenues of $ 4.41 billion, while analysts expected earnings of $ 1.26 per share on revenues of $ 4.36 billion, according to Refinitiv.
