Related Post
Micron Technologies (MU)
Micron inventory fell far more than 1% in soon after hours following the company’s quarterly effects. The memory chip maker’s to start with quarter altered earning for each share of 4 cents defeat analyst estimates for a reduction of 1 penny. Quarterly altered profits came in at $4.09 billion, a drop of 47% calendar year-over-12 months, missing anticipations for $4.13 billion.
President and CEO Sanjay Mehrotra said, “we are having decisive steps to cut our supply and fees.” The company strategies to slash headcount by about 10 per cent and suspend bonuses in 2023.
Micron sees 2nd quarter modified profits coming in involving $3.6 and $4 billion, compared to Avenue estimates of $3.88 billion.
Yr-to-date, the inventory is down 45%.
Underneath Armour (UA)
Underneath Armour shares had been fractionally increased in after hrs trade subsequent the announcement of new chief executive officer, Stephanie Linnartz, who will join the company as President, CEO, and member of its board of administrators, productive February 27, 2023.
Linnartz has served as president of Marriott International because 2021. She will get over the reins from main operating officer Colin Browne, who has served as interim CEO because June 2022.
Browne temporarily served in the best role just after Patrik Frisk stepped down earlier this 12 months. Underneath Armour stock is down a lot more than 50% this yr.
MillerKnoll (MLKN)
MIllerKnoll shares jumped as much as 5% in soon after hrs trade after the organization defeat analyst expectations on the prime and bottom line.
The furniture and design and style outfit noted altered earnings per share arrived of 46 cents, beating analyst estimates for 42 cents. Revenue of $1.07 billion defeat expectations of $1.04 billion. Greater prices offset a fall in orders for the quarter. The organization forecasts yearly cost reductions of about $30-35 million.
Calendar year-to-day the inventory is down 53%
Simply click in this article for the newest trending inventory tickers of the Yahoo Finance platform
Simply click listed here for the most up-to-date inventory industry news and in-depth analysis, which include functions that transfer stocks
Read through the latest monetary and organization information from Yahoo Finance
Download the Yahoo Finance application for Apple or Android
Comply with Yahoo Finance on Twitter, Fb, Instagram, Flipboard, LinkedIn, and YouTube
