Stocks with the biggest gains after hours: MU, FIVE, CHWY | Wilnesh News
Check out the companies making headlines over the long term. Micron Technology — Shares of Micron Technology rose 13% after the semiconductor company beat revenue expectations and gave strong guidance on the measures. Micron reported second-quarter revenue of $5.82 billion and expected revenue for the current quarter to be $6.6 billion. Both figures exceeded LSEG analyst consensus forecasts of $5.35 billion and $6.02 billion, respectively. Adjusted earnings per share for the quarter were 42 cents, while analysts expected a loss of 25 cents per share. Five Dollars Under — Shares of the value retailer fell 13% on weaker fourth-quarter earnings and outlook. Five Below earned $3.65 per share on revenue of $1.34 billion. Analysts surveyed by LSEG expected revenue of $1.35 billion and earnings per share of $3.78. The company also provided brief guidance on its two product lines for the current quarter and full year. Chewy — Shares of the pet-focused retailer rose 1% after fourth-quarter earnings topped consensus estimates. Chewy reported earnings of 7 cents per share on revenue of $2.83 billion, beating expectations for a loss of 5 cents per share on revenue of $2.77 billion. Still, the company gave soft guidance for revenue for the current quarter. KB Home — Shares of KB Home were choppy in after-hours trading as traders analyzed the homebuilder’s earnings report, last trading up nearly 1%. KB Home earned $1.76 per share on revenue of $1.47 billion, while analysts polled by LSEG expected earnings of $1.57 per share on revenue of $1.46 billion. Take a guess — the clothing designer’s shares jumped 10% in after-hours trading after reporting strong fourth-quarter results. Guess reported adjusted earnings of $2.01 per share on revenue of $891 million. Analysts expected LSEG to earn $1.56 per share on revenue of $856 million. —CNBC’s Darla Mercado contributed reporting.