Chewy, Five Below, ChargePoint and more
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019.
Michael Nagle | Bloomberg | Getty Images
Check out the companies making headlines after the bell.
ChargePoint Holdings — ChargePoint, which makes charging systems for electric vehicles, soared more than 13% in extended trading after reporting quarterly revenue of $56.1 million, compared to the $49.1 million expected. The company also gave strong third-quarter and full-year revenue guidance.
Chewy — Shares of the pet retailer took a 10% hit after it reported quarterly results. Chewy recorded a loss of 4 cents per share, which was greater than the 2 cents estimated by analysts. It also missed revenue expectations, reporting $2.16 billion for the quarter compared to estimates of $2.20 billion.
Five Below — The pre-teen-focused retailer’s shares plummeted about 9% after reporting quarterly results late Wednesday. Its second-quarter earnings came in at $1.15 per share beating analysts’ estimates, however, it missed on revenue, reporting $646.6 million compared to forecasts of $648.3 million. Five Below also gave third-quarter revenue guidance of $550 million to $565 million.
Okta — Okta shares slipped 3.5% despite reporting strong quarterly results. The identity company recorded a loss of 11 cents per share, though that was smaller than than the loss expected by analysts by 24 cents. It also beat on revenue, reporting $315.5 million, compared to the $296.5 million forecasted by analysts.
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