RH signage is displayed on a monitor of the floor of the New York Stock Exchange in New York, Feb. 24, 2017.
Michael Nagle | Bloomberg | Getty Images
Here are the companies making headlines in extended trading:
RH — Shares of the company jumped more than 15% after the company beat expectations on the top and bottom lines for its second quarter and said its operating margin was improving more quickly than it expected. RH earned an adjusted $4.91 per share in the quarter, while analysts surveyed by Refinitiv were looking for $3.41 per share. CEO Gary Friedman said in a letter that the company was generating “luxury” brand margins ahead of schedule.
Zscaler — Shares of the software company fell 2% after the software company reported quarterly results. The company beat expectations on the top and bottom lines, though its earnings per share and operating margin declined compared with the same quarter last year. The stock has gained nearly 200% year to date.
GameStop — Shares of the beleagured retailer dropped 10% after the company reported a wider than expected loss for its fiscal second quarter. GameStop posted an adjusted loss of $1.40 per share, while analysts surveyed by Refinitiv expected a loss of $1.13 per share. The stock had nearly doubled since the start of August but GameStop still ended Wednesday’s trading session with a market cap just under $500 million.
Kansas City Southern — Shares of the railroad company fell about 2% after the Wall Street Journal reported that the company had rejected a takeover offer from private equity firms. The offer was reportedly for $208 per share. Kansas City Southern’s share price at the end of Wednesday’s session was roughly $185.
