It ain’t over ’til it’s over
Earnings season hasn’t ended yet, and four stocks are making decent moves in the after hours session after reporting their results. Let’s take a quick look at each:
Costco Wholesale Corporation (Nasdaq: COST) is down over 1% after reporting revenue of $31.62 billion and EPS of $1.70, which came in mixed compared with analysts’ expectations of $31.90 million in revenue and $1.69 in EPS. Costco is not now, nor ever has been a cheap stock. I am often flummoxed by its valuation, but there it sits.
ULTA Beauty Inc. (Nasdaq: ULTA) is down over 1% after reporting revenues of $1.54 billion and adjusted EPS of $2.63, both of which beat analysts expectations of $1.51 billion in revenue and $2.48 in adjusted EPS. As a result of its strong performance, the retailer raised its full-year EPS outlook. Stock has been on a tear – could use a breather.
Lululemon Athletica Inc. (Nasdaq: LULU) is up over 6% after reporting revenues of $649.71 million and EPS of $0.55, both of which beat analysts’ expectations of $615.64 million in revenue and $0.46 in EPS. As a result of its strong performance in the first quarter, the company raised its full-year revenue and EPS outlook. Maybe all companies shouldn’t have CEO’s (or they should be looking internally).
Workday Inc. (Nasdaq: WDAY) is down over 2% after reporting revenue of $618.64 million and adjusted EPS of $0.33, which beat analysts’ expectations of $609.40 million in revenue and $0.26 in EPS. Based on its strong first-quarter performance, the company went on to raise its full-year subscription revenue outlook. Workday’s only sin will be slightly decelerating growth.