See which stocks are posting big moves after the bell on February 28.
div > div.group > p:first-child"> Shares of Gap surged more than 20 percent after market close on Thursday based on news that the clothing company will split into two publicly traded companies, with Old Navy on its own. The other entity, not yet named, will include Gap, Athleta, Intermix, Banana Republic, and Hill City. The Old Navy company brings in about $8 billion in annual sales, while the new company will make roughly $9 billion in annual sales.
Nordstrom shares jumped more as much 6 percent after hours Thursday based on relatively strong full-year guidance despite a fourth-quarter revenue miss. The department store company earned $4.48 billion in revenue, missing estimates of $4.61 billion surveyed by Refinitiv. Earnings per share were $1.48. Same store sales increased 0.1 percent.
Marriott shares fell as much as 3 percent in extended trading Thursday after posting mixed fourth-quarter earnings. The hotel company reported earnings per share of $1.44 on revenues of $5.29 billion. Analysts expected earnings per share of $1.39 on revenues of $5.48 billion, according to Refinitiv consensus estimates. The stock has since lost most of its gains.
Shares of VMware jumped more than 3 percent after hours Thursday based on fourth-quarter earnings. Beating on the top and bottom lines, the computer software company earned $2.59 billion in revenue, compared to the $2.50 billion expected on the Street. Earnings per share came in at $1.98.
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