Costco, Gap, Broadcom, and more

Costco, Gap, Broadcom, and more

A shopper wearing a protective mask signs up at a Costco store in San Francisco, California, on Wednesday, March 3, 2021.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines after the bell on Thursday:

Costco Costco shares fell 1.3 percent after the company reported mixed results for the second quarter of the fiscal year. Costco reported earnings per share of $ 2.14 with revenues of $ 44.77 billion. Analysts in a Refinitiv poll had forecast earnings per share of $ 2.45 on revenue of $ 43.78 billion. Sure enough, the company noticed its digital sales up 76% over this period.

From Broadcom Shares of the chipmaker fell 2.8% despite the company reporting better-than-expected first-quarter earnings. Broadcom reported earnings per share of $ 6.61 and revenue of $ 6.66 billion. Analysts in a Refinitiv poll had forecast earnings per share of $ 6.55 on revenue of $ 6.62 billion.

The difference Clothing retailer shares rose 4.7% as traders reflect on the company’s recent quarterly results. Gap recorded revenues of $ 4.42 billion. Analysts in a survey conducted by Refinitiv expected revenue of $ 4.66 billion. However, the company also expected sales to start growing again this year after being hit by the coronavirus pandemic.

Emax Emax shares rose 4.3 percent after the company reported mixed results in the fourth quarter. The company recorded a loss of 21 cents per share. Analysts in a Refinitiv poll expected a loss of 20 cents a share. However, the company’s $ 56 million revenue exceeded expectations of $ 46.8 million.

CoStar Group CoStar shares rose 5.5% after the company withdrew its takeover bid CoreLogic. “With interest rates going up, now is not the time for us to buy hard in the residential mortgage market,” Andrew Florence, founder and CEO of The CoStar Group, said in a statement.

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NXP Semiconductor Shares of the chip maker rose 0.9 percent after the company agreed to increase its quarterly profit by 50 percent. Shareholders would get 56.25 cents for every common share they own. Additionally, NXP Semiconductor has agreed to a $ 2 billion buyback program.

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