Stocks making the biggest moves after hours: Affirm, Gap, Marvell and more

— Shares rose almost 2% in spite of a mixed quarterly report. Gap posted 34 cents per share, after adjustments, beating Refinitiv estimates of 9 cents per share. Revenue, however, missed expectations. The clothing retailer reported $3.55 billion in revenue, shy of the $3.57 million estimate. Management reported a significantly improved inventory position, but expects revenue in the third quarter to decline at a low double-digit pace year-over-year, compared with analyst forecasts of a 6.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly— Shares of the chipmaker tumbled more than 5% even as the company's quarterly results topped Wall Street's estimates. Earnings per share came in at 33 cents, excluding items, while analysts polled by Refinitiv had estimated 32 cents per share. Marvell posted $1.34 billion in revenue, compared with analyst estimates of $1.33 billion.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why AMD, Marvell, Intel and other chip stocks are falling after Nvidia earningsWall Street is cheering Nvidia's blowout results and outlook, but investors aren't extending that enthusiasm to the company's peers.
Source: MarketWatch - 🏆 3. / 97 Read more »

Why AMD, Marvell, Intel and other chip stocks sank after Nvidia earningsAMD shares were among the S&P 500's biggest laggards Thursday as Nvidia's blowout results failed to drive the chip sector higher.
Source: MarketWatch - 🏆 3. / 97 Read more »

Japanese stocks climb for third session as Hong Kong stocks gainAsia-Pacific stocks rose Wednesday, Aug. 23, with shares in Japan increasing for the third session and the Hong Kong market up for two consecutive sessions....
Source: MarketWatch - 🏆 3. / 97 Read more »

Japanese stocks climb for fourth day as Hong Kong stocks gainAsia-Pacific stocks mostly rose Thursday, Aug. 24, with shares in Japan increasing for the fourth session and the Hong Kong market up for three consecutive...
Source: MarketWatch - 🏆 3. / 97 Read more »

Marvell earnings: What to expect from the chip makerMarvell will report earnings Thursday afternoon on the heels of mind-blowing results from Nvidia.
Source: MarketWatch - 🏆 3. / 97 Read more »