Top trend Yahoo Finance after-hours tickers:
Nordstrom (JWN): Shares fell after the retailer cut its full-year guidance due to falling demand. CEO Eric Nordstrom wrote in the earnings release that “customer traffic and demand slowed significantly in early to late June, primarily at Nordstrom Rack. We are adjusting our plans and taking actions to manage these dynamics in the near term.” For the second quarter, Nordstrom beat both the top and the bottom, posting adjusted earnings per share of 81 cents on revenue of $4.1 billion.
Urban Outfitters (URBN): Shares fell after Urban Outfitters missed Wall Street’s profit expectations. The retailer reported a profit of 64 cents on revenue of $1.18 billion. Total retail segment net sales increased 1%, with comparable retail segment net sales also up 1%, below Street expectations. By brand, Comp sales at Urban Outfitters fell -9%, while Free People and Anthropologies rose 8% and 7%, respectively.
Intuit (INTU): The stock jumped more than 5 percent after it authorized a $3.5 billion share buyback and raised its quarterly dividend. Intuit reported revenue of $2.4 billion for the quarter on adjusted earnings per share of $1.10. Q1 adjusted EPS guidance of $1.14 to $1.20 per share is below the Street estimate of $1.86.
Toll Brothers (TOL): Shares fell after the homebuilder cut its supply outlook as the housing market cools. Toll Brothers expects to deliver between 10,000 and 10,300 homes in fiscal 2022, noting “continued labor shortages and supply chain disruptions as well as a softer demand environment.”
AMC (AMC), APE (MONKEY): APE shares rose 2% after hours, building on the stock’s earlier push as AMC faithful talked up the stock on Reddit message boards. Shares of AMC preferred stock closed Tuesday up 17% after falling 13.6% in their trading debut on Monday. Shares of AMC closed the session on Tuesday down -8.6%.
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