4 Stocks Moving In Wednesday's After-Hours Session

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Gainers

  • Herman Miller, Inc. MLHR shares are up 7% after reporting a first-quarter earnings beat. Adjusted earnings came in at 84 cents per share, beating estimates by 6 cents. Sales came in at $670.9 million, beating estimates by $9.1 million.
  • Microsoft Corporation MSFT shares are up 1% after reporting a $40 billion buyback plan. The company also raised quarterly dividend from 46 cents per share to 51 cents per share.

Losers

  • United States Steel Corporation X shares are down 3% after reporting a third-quarter guidance below estimates. The company sees adjusted earnings at a loss of 35 cents per share, which would miss estimates by 28 cents. Adjusted EBITDA is expected to come in around $115 million.
  • Etsy Inc ETSY shares are down 1% after announcing a proposed private offering of $650 million of convertible senior notes.
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