Check out the companies making headlines in extended trading. Dexcom — Shares slid nearly 7%, despite the manufacturer of diabetes management devices posting a third-quarter adjusted earnings and revenue beat. Dexcom also reaffirmed full-year revenue guidance that encompassed FactSet’s estimate. L3Harris Technologies — The defense stock climbed 4% after posting a third-quarter beat on both the top and bottom lines. L3Harris reported adjusted earnings of $3.34 per share on revenue of $5.29 billion, while analysts polled by LSEG had expected $3.26 per share on $5.28 billion in revenue. Capri , Tapestry — Capri shares cratered 48%, while Tapestry shares surged 12% after a judge blocked the $8.5 billion merger of two luxury goods makers. Tapestry, which owns the Coach and Kate Spade brands, had argued that the deal was needed to better compete against luxury brands such as Gucci that dominate the space. The company also said it hoped to invest in Capri’s portfolio of brands, which include Michael Kors and Jimmy Choo. Western Digital — The data storage device maker popped 8.9% after fiscal first-quarter adjusted earnings came in at $1.78 per share, while analysts polled by LSEG estimated $1.72 a share. On the other hand, the company saw $4.1 billion in revenue, slightly under the $4.12 billion consensus forecast. Kinsale Capital — The insurer added 4.7% after operating earnings per share in the third quarter topped Wall Street expectations. Kinsale posted $4.20 per share, while analysts polled by FactSet penciled in just $3.60. Joby Aviation — The air taxi stock tumbled 8% after filling for a $200 million common stock offering . The offering is being done through Morgan Stanley and Allen & Co. Skechers — The shoe maker jumped 5.1% after third-quarter earnings exceeded expectations. Skechers posted $1.26 in earnings per share and $2.35 billion in revenue, while analysts surveyed by FactSet forecasted $1.16 a share and $2.31 billion, respectively. Boyd Gaming — Shares advanced 2.6% after posting stronger-than-expected earnings per share for the third quarter. Boyd reported adjusted earnings of $1.52 a share, beating the consensus estimate of analysts polled by FactSet by 12 cents. Revenue came in at $961.2 million, also ahead of the $917.3 million forecast from Wall Street. Capital One — Shares of the bank holding company jumped nearly 4%. In the third quarter, Capital One reported adjusted earnings of $4.51 per share on revenue of $10.01 billion. Analysts polled by LSEG called for $3.76 per share in earnings and $9.86 billion in revenue. The company’s provision for credit losses came in at $2.48 billion, versus the $2.83 billion estimate from analysts polled by StreetAccount. Deckers Outdoor — The owner of Hoka footwear surged nearly 9%. Deckers reported earnings of $1.59 per share on revenue of $1.31 billion in the fiscal second quarter. The report trounced the Street’s expectation of $1.24 per share in earnings and revenue of $1.20 billion. Hoka brand net sales rose to $570.9 million, up nearly 35% from the year-ago period. — CNBC’s Darla Mercado, Lisa Kailai Han and Christina Cheddar Berk contributed reporting
Original news source Credit: www.cnbc.com
Boyd Gaming Corp, Breaking News: Markets, business, Business News, Capital One Financial Corp, Capri Holdings Ltd, Deckers Outdoor Corp, DexCom Inc, Earnings, Economy, FactSet Research Systems Inc, jimmy choo, Joby Aviation Inc, Kate Spade, Kinsale Capital Group Inc, L3Harris Technologies Inc, Market Insider, Markets, Michael Kors, Morgan Stanley, regwall-marketmovers, Resmed Inc, Skechers USA Inc, stock markets, Tapestry Inc, Western Digital Corp
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