Stocks making the biggest moves after the bell: Chewy, Lululemon & more
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Check out the companies making headlines after the bell on Tuesday:
Chewy – Shares of the pet-product retailer rose 8% after the company reported fourth-quarter results that topped analyst expectations. Chewy reported earnings per share of 5 cents on revenue of $2.04 billion. Analysts surveyed by Refinitiv expected losses per share of 10 cents on revenue of $1.96 billion.
PVH Corp. – Shares of the closing company slid 1% after the company logged a fourth-quarter revenue that missed analyst expectations. PVH posted a revenue of $2.09 billion. Analysts polled by Refinitiv predicted sales of $2.12 billion. The company lost an adjusted 38 cents per share, but it was unclear whether that was comparable to a Refinitiv forecast for a loss of 34 cents per share.
Lululemon – Lululemon shares dipped 0.7% even after the company reported better-than-expected fourth-quarter results. The athleticwear retailer posted earnings per share of $2.58 on revenue of $1.73 billion. Analysts surveyed by Refinitiv expected earnings per share of $2.49 on revenue of $1.66 billion.
Illumina – The biotechnology company's shares slid 0.7% on light volume, putting the stock on track to build on its 6.6% drop from the regular session. Illumina shares were under pressure on Tuesday after the Federal Trade Commission filed a complaint to block the company's acquisition of Grail, which makes tests for early cancer detection. The complaint alleges the deal "will diminish innovation in the U.S. market for MCED tests."