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Stocks moving in after hours: Nordstrom, Urban Outfitters, Intuit, Toll Brothers...

 2 years ago
source link: https://finance.yahoo.com/video/stocks-moving-hours-nordstrom-urban-210443161.html
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Stocks moving in after hours: Nordstrom, Urban Outfitters, Intuit, Toll Brothers, AMC and APE

Wed, August 24, 2022, 6:04 AM
In this article:
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  • -0.82%
  • +0.22%
  • -8.60%
  • +17.00%
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Yahoo Finance Live's Seana Smith checks out the trending stocks making moves in the after hours trading session.

Video Transcript

SEANA SMITH: All right, Dave, let's take a look at some of these after hours movers here. Nordstrom was out with results after the bell here. We're seeing the stock under a bit of pressure after hours. The shares falling off now just about 12%. A lot of the move lower has to do with the guidance that we got out from the company. They lowered their full year guidance. They are now seeing full year revenue growth of 5% to 7%. They were initially expecting-- or the estimate out there was 6% to 8%.

Now the stock has done OK over the past three months, weathering some of the headwinds here when it comes to inflation, with the stock up just about 8%. Year to date, though, it certainly has been another story. Year-to-date, up just about 12-- 2%, excuse me. Over the past year, though, certainly a different story with shares off just about 36%. For the most recent quarter, though, the numbers were actually OK. Adjusted EPS of $0.81, sales-- net sales of $3.99 billion, actually better than what the Street was looking for.

Let's take a look at Urban Outfitters, another retailer here on the move in after hours. Shares off just about 2 and 1/2%, so not as big of a move as we're seeing from Nordstrom. 2Q comp retail segment sales up about 1% that missed expectations. Urban Outfitters, sales there off 9%. Free People was up 8%. Anthropologie was up 7%.

So Free People and Anthropologie performing a little bit better than Urban Outfitters. Specifically, inventory has been such a huge issue here for these retailers. Inventory was up 44%. Year-to-date, let's take a look at this move here in Urban Outfitters because year-to-date, the stock off just about 25%. You can see shares just around 21.84 a share.

Let's flip over to Intuit, another mover here after hours, of course, on the heels of earnings. That is certainly the theme of the day, although shares moving to the upside, up just over 4%. Revenue coming in at $2.4 billion. Adjusted EPS at $1.10. The estimate from the Street was $0.98. Big news here, authorizing $3 and 1/2 billion share buyback, raising its quarterly dividend. Taking a look at the stock, over the last three months, it's actually been in this upward trend. You can see shares up just about 21%.


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