Costco, Gap, Broadcom and more

Take a look at the companies that make headlines on Thursday after the clock:

Costco – Costco shares fell 1.3% after the company achieved mixed fiscal results in the second quarter. Costco earned $ 2.14 per share on revenue of $ 44.77 billion. Analysts surveyed by Refinitiv have expected earnings per share of $ 2.45 on revenue of $ 43.78 billion. To be sure, the company noted that digital sales increased by 76% during the period.

Broadcom – Shares of the disc maker declined 2.8%, despite the company’s better-than-expected earnings for the first quarter. Broadcom recorded revenue of $ 6.61 per share on revenue of $ 6.66 billion. Analysts surveyed by Refinitiv have expected earnings per share of $ 6.55 on revenue of $ 6.62 billion.

Gap – The clothing retailer’s inventory increased by 4.7% as retailers weighed the company’s latest quarterly results. Gap reported revenue of $ 4.42 billion. Analysts surveyed by Refinitiv expected revenue of $ 4.66 billion. However, the company also predicted that sales would start growing again this year after being hit by the coronavirus pandemic.

Imax – Imax shares climbed 4.3% after the company reported mixed results in the fourth quarter. The company showed a loss of 21 cents per share. Analysts surveyed by Refinitiv expected a loss of 20 cents per share. However, the company’s revenue of $ 56 million achieved a forecast of $ 46.8 million.

CoStar Group – CoStar shares rose 5.5% after the company withdrew its bid to acquire CoreLogic. “With rising interest rates, now is not the time for us to aggressively buy into the residential mortgage market,” said Andrew Florance, founder and CEO of CoStar Group, in a statement.

NXP Semiconductors – The disc maker’s share rose 0.9% after the company approved a 50% increase on its quarterly dividend. Shareholders receive 56.25 cents for every ordinary share they own. In addition, NXP Semiconductor has approved a $ 2 billion repurchase program.