Shares of Boot Barn Holdings Inc BOOT were trading up more than 18.6 percent on Tuesday’s after-hours session, following the announcement of the company’s third quarter fiscal 2016 financial results. After the market closed, the lifestyle retail company posted a 49 percent increase in net sales, to $194 million, and adjusted net income per diluted share of $0.45, $0.05 higher than a year ago. The Street’s expectations were, however, substantially lower.
Also rising on its earnings report was Edwards Lifesciences Corp EW, which gained more than 5 percent since the bell rang. The medical tech company posted earnings of $0.63 per share on revenue of $671.1 million, well above the Street’s consensus, which called for earnings of $0.59 per share and sales of $646.49 million. Management also raised its guidance for 2016.
On the other hand, shares of Match Group Inc MTCH were down more than 5 percent, after the company reported its fourth quarter fiscal 2015 financial results. The owner of Tinder and Match.com posted, however, a 12 percent increase in revenue on the back of a larger paid subscriber base. Nonetheless, revenue of $267.6 million fell short of expectations for $271.75 million in sales. EPS of $0.16 also missed estimates of $0.19.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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