U.S. stocks continued to tumble on Thursday trading. Healthcare and consumer names were the primary culprits of the slip in the main indexes.
Synaptics, Incorporated SYNA was down more than 5 percent after-hours, following the announcement it would be late in its 10-K filing. However, management said it expects to file within a week.
Ulta Salon, Cosmetics & Fragrance, Inc. ULTA lost more than 2.3 percent. EPS of $1.43 and revenue of $1.07 billion (up 22 percent year-over-year) beat estimates by $0.03 and $10 million, respectively. However, weak guidance weighed on the stock.
GameStop Corp. GME plummeted 7 percent, after Q2 results failed to impress investors. While EPS of $0.27 were in-line with the Street’s consensus, revenue of $1.63 billion fell $90 million short of expectations. In addition, management said same-store sales declined by 11 percent over the quarter, with new video game hardware sales down to 33 percent.
Other stocks moving on their earnings reports were:
- Splunk Inc SPLK, down more than 6 percent, even though top and bottom line results beat expectations.
- Autodesk, Inc. ADSK, up more than 2 percent on a large EPS and revenue beat and strong guidance.
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