See which stocks are posting big moves after the bell on Thursday.
Customers push shopping carts while exiting a Costco Wholesale Corp. store in Richmond, California.Check out the companies making headlines after the belldipped 1% during extended trade after the company reported sales that missed analyst expectations for the fourth quarter. The wholesaler reported $47.50 billion in revenue, just shy of Wall Street's expectation of $47.57 billion, based on a survey of analysts by Refinitiv.
Net income grew to $1.09 million, or $2.47 a share, compared to the $1.04 million, or $2.36 per share a year prior. Sales at Costco stores open more than a year also grew 5.1%. In the U.S., same-store sales grew 6.2% compared to 1.9% growth internationally.shares tanked nearly 17% after the memory chip-maker posted a fourth-quarter miss on revenue. Net sales came in at $278.4 million compared to the $285 million analysts expected, according to Refinitiv. Quarter four net sales are down 26% year over year.
Their COO and CFO Jack Pacheco attributed the earnings miss due to "weakness in [their] supply chain services business."
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