Stocks making the biggest moves after hours: Lennar, Williams-Sonoma and more
On Monday, January 8, 2018, a contractor carried boards along a house that was under construction in Lancaster, South Carolina.
Travis Dove | Bloomberg | Getty Images
This is a list of notable stocks which have moved in extended trading.
LennarLennar posted better-than expected revenue in its first quarter. Shares rose by 2%. According to Refinitiv, Lennar earned $6.20 billion more than the expected $6.08 billion. However, earnings per share were below estimates. This was due to the company’s investment portfolio.
PagerDutyThe shares of PagerDuty, a cloud computing company, rose 14% after PagerDuty exceeded expectations in extended trading. On $78.5 million revenue, the company posted a 4 cent loss per share for its fourth quarter. Refinitiv surveyed analysts and they expected a 6 cent loss per share, $76.1 million revenue.
Williams-SonomaAfter-hours trading witnessed a more than 7.7% increase in retail stock. Williams-Sonoma’s stronger-than-expected earnings as well as a dividend hike, stock buyback and stock purchase plan led to a higher stock price. According to Refinitiv, the company’s fourth-quarter earnings per share were $5.42, which was higher than the expected $4.82 by analysts. Although the revenue totalling $2.5 Billion was slightly less than anticipated, it still exceeded analysts’ expectations. The West Elm brand saw an increase in revenue of 18%.