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Lululemon Athletica, Ollie’s Bargain Outlet Holdings, Broadcom and more – AFTER HOURS

Thursday, December 7, 2017 5:41
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US stocks closed in the red and after the bell, another one heading south was retailer Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI), whose shares shed 2%.

It came after the group posted a slim beat on third quarter earnings and revenue. Ollie’s Bargain shares are up more than 79% in the year to date, notably.

Going the other direction was chip maker and communications specialist Broadcom Ltd (NASDAQ:AVGO), which added over 5% to US$277.66 as the firm increased its divi payment to US$1.75 from US$1.02 and reported better than expected earnings.

It also gave positive first-quarter revenue guidance.

Elsewhere, Okta Inc (NASDAQ:OKTA) shares were up nearly 5% to US$29.85 after the bell as  the firm reported a 61% year-on-year revenue growth.

Okta also said it saw subscription revenue swell 64% compared to the same time last year.

Clothing and lifestyle firm Lululemon Athletica Inc (NASDAQ:LULU) surged over 8% to US$73.25 a share after the bell as the firm posted better than expected earnings and raised  its guidance.

The active wear and lifestyle retailer also reported sames-store-sales growth of 7%.

Story by ProactiveInvestors


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