Ulta Beauty, Broadcom, Facebook and more

Ulta Beauty, Broadcom, Facebook and more

- in BUSINESS
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Take a look at the businesses making headlines after the bell:

Shares of Ulta Beauty jumped greater than four p.c in prolonged buying and selling Thursday following the discharge of the wonder firm’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $three.61 on revenues of $2.12 billion. Wall Avenue estimated earnings per share of $three.56 on revenues of $2.11 billion, in line with Refinitiv.

Ulta’s similar retailer gross sales elevated 9.four p.c, in comparison with the estimated enhance of seven.9 p.c.

Broadcom shares rose as a lot as 5 p.c after hours Thursday following blended first-quarter earnings. The semiconductor firm posted $5.79 billion in income, lacking estimates surveyed by Refinitiv of $5.82 billion. Earnings per share have been $5.55, beating the $5.23 forecast by analysts.

“Much like our friends, we see a slowdown in China impacting demand. Nonetheless, a lot of this was factored into our unique steerage and we’re sustaining our full 12 months fiscal 2019 enterprise outlook,” stated President and CEO of Broadcom Hock Tan.

Broadcom gave full 12 months steerage consistent with estimates: $24.5 billion, vs. the $24.three billion estimated.

Shares of Facebook ticked two p.c decrease after hours on information that two of the corporate’s executives, Chief Product Officer Chris Cox and WhatsApp Vice President Chris Daniels, are leaving.

Shares of Adobe ticked decrease in prolonged buying and selling Thursday after the pc software program firm issued weak second-quarter outlook, regardless of robust first-quarter earnings. Adobe posted adjusted earnings per share of $1.71 on revenues of $2.60 billion. Wall Avenue estimated earnings per share of $1.62 on revenues of $2.55 billion, in line with Refinitv.

Adobe issued weak second-quarter steerage: earnings per share of $1.77, in comparison with the $1.88 anticipated by analysts.

Oracle shares rose barely however later turned detrimental after market shut Thursday following better-than-expected third-quarter earnings. Beating on the highest and backside traces, the pc software program firm posted earnings per share of 87 cents, topping Refinitiv estimates by three cents. Income was $9.62 billion, beating the forecast $9.59 billion.

Jabil shares moved 2 p.c greater after hours earlier than buying and selling flat Thursday following the manufacturing providers firm’s blended second-quarter earnings. Jabil reported revenues of $6.07 billion, lacking estimates of $6.08 billion. Earnings per share have been 64 cents, greater than the anticipated 61 cents.


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