Sonos celebrated its IPO on Nasdaq on August 2, 2018.
There are notable moves here in the expanded business.
Sonos – Tech Hardware stock rose 21% after Sonos reported strong-to-expected results for the fiscal fourth quarter. The company posted 15 cents in earnings per share and $ 339.8 million in revenue, with direct-to-consumer revenue up 67% per year. Analysts polled by FactSet expected 2 cents in earnings per share and $ 298.7 million in revenue. Sonos’ further guidance also led to speculation.
L Brands – Retail stock rose more than 4% in expanded trading after the third quarter report expecting better trading. L Brands reported $ 1.13 in adjusted earnings per share and $ 3.06 billion in revenue. Analysts polled by Refinitive calculated 9 cents per share and $ 2.67 billion in revenue. Comparable sales were 4% for Victoria’s Secret and 56% for Bath & Body Works.
Palantir Technologies – Shares of the new public tech company ticked slightly over 1% after Palantir was announced a new government contract. The contract is for network modernization for the US Army.
Jack in the Box – Jack beat Wall Street’s own fourth-quarter expectations at the box in expanded business as restaurant company shares jumped 5.1%. The company reported revenue of $ 255.4 million, better than the $ 249.2 million reported by analysts polled by FactSet. The company’s operating income per share also exceeded estimates.