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Broadcom, Gap, and Costco were among the biggest movers in after-hours trading.
Panoramic view of the Gap store.
Gap Co., Ltd.
Check out the companies making headlines after the market closes.
- Broadcom — Semiconductor stocks fell 1.6% after the company released full-year earnings guidance that was in line with analyst expectations, according to LSEG. However, for the fiscal first quarter, Broadcom beat analysts’ adjusted earnings and revenue expectations.
- Marvell Technology — Shares of Marvell, which supplies data infrastructure semiconductor products, fell 6.5% after the company reported a weak first-quarter earnings outlook. Marvell also reported a weaker-than-expected outlook for first-quarter adjusted earnings.
- Gap — Shares of the apparel retailer rose 3.7% after its latest quarterly profit beat analysts’ expectations. Gap reported earnings of 49 cents per share on sales of $4.3 billion, while analysts had expected earnings of 23 cents per share on sales of $4.22 billion, according to LSEG.
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— Peer Singh
1 hour ago
