Stocks making the biggest moves after hours: Steelcase, Etsy, Xilinx and more

Finance

A tag hangs from a Steelcase London Ltd. desk chair in the former offices of Duff Capital Advisors LP in Greenwich, Connecticut.

Daniel Acker | Bloomberg | Getty Images

Check out the companies making headlines after the bell:

Shares of Steelcase jumped nearly 4% during extended trading after the company reported second-quarter earnings in what CEO James Keane viewed as one of their “strongest quarters in the past 20 years.” The furniture company posted earnings of 50 cents per share on revenue of $998 million, far exceeding Wall Street’s expectation of 43 cents per share on  revenue of $981 million, according to Refinitiv consensus estimates.

Etsy shares jumped nearly 2% after RBC Capital upgraded the company from Sector Perform to Outperform, with a price target of $68 per share. The e-commerce company announced Thursday morning that it was issuing $650 million in convertible debt and will use approximately $124.5 million of those funds for a share buyback.

Shares of Xilinx dropped nearly 2% following an announcement that their CFO of 11 years, Lorenzo Flores, will leave the company “to pursue another executive opportunity,” the chipmaker said in a statement. Their CEO Victor Peng will serve as acting CFO until a successor is found.

KeyCorp‘s shares briefly popped 1.66% before flattening after the bell, following an announcement that their Chairman and CEO Beth Mooney will retire next year. The Cleveland-based regional bank’s Vice Chairman Chris Gorman will succeed Mooney as chairman and CEO on May 1, 2020. Gorman was appointed president, COO, and a member of the board effective immediately. 

Products You May Like

Articles You May Like

How To Build A Brokerage: 13 Key Factors To Consider When Choosing A Partner
Wendy’s CEO to Jim Cramer: ‘We have a menu that can compete’ in breakfast
Hourly Planners Directory
Investor Ken Fisher loses $600 million contract after making sexist comments at summit
If you’re in your 20s, forget everything you’ve heard about saving up for an emergency

Leave a Reply

Your email address will not be published. Required fields are marked *