After the bell, several companies made headlines for their performance in the first quarter. Urban Outfitters saw an increase of almost 8% in its stock price after beating expectations with adjusted earnings of 69 cents per share and $1.2 billion in revenue, surpassing analyst predictions. On the other hand, Viasat experienced a nearly 13% decline in shares following a higher than expected loss of 80 cents per share for the fiscal fourth quarter, despite revenue of $1.15 billion exceeding estimates of $1.09 billion. Haemonetics also faced an 8% drop after announcing a proposed private offering of $525 million in convertible senior notes due in 2029.
Meanwhile, Toll Brothers, a homebuilder, saw shares rise over 1% after reporting fiscal second-quarter earnings of $4.55 per share on $2.65 billion in revenue, beating analyst estimates of $4.14 per share and $2.53 billion in revenue. XP, a Brazilian financial services company, experienced a 4% decline in stock price after reporting first-quarter net revenue that fell short of consensus expectations, with total net inflows also down from the previous year. Modine Manufacturing Company, a thermal management company, saw an 8% decrease in shares after its fiscal fourth-quarter revenue of $603.5 million came in slightly below analyst expectations of $605.4 million.
In summary, Urban Outfitters, Toll Brothers, and Haemonetics reported positive results in the first quarter, with Urban Outfitters beating estimates and Toll Brothers exceeding analyst predictions. On the other hand, Viasat, XP, and Modine Manufacturing Company faced challenges, with Viasat posting a higher than expected loss, XP missing consensus revenue expectations, and Modine Manufacturing Company falling short of analyst revenue projections. Overall, these companies’ performances after the bell reflect a mixed bag of results in various sectors such as retail, real estate, and manufacturing, highlighting the volatility and unpredictability of the market.
