Canada Goose parkas are on display in a store in Richmond Hill, Ontario.
Chris So | Toronto Star | Getty Images
Check out the companies that are making headlines during afternoon trading.
Canada Goose – Shares of the retailer fell 6% despite beating analyst earnings expectations. Canada Goose reported a profit of 1 cent per share, compared to Wall Street’s predicted loss of 12 cents, according to Refinitiv. The company earned $ 209 million in revenue, higher than the expected $ 161 million.
UTZ Brands – Shares of the food company were down more than 6% after missing the top and bottom lines of the quarterly results. The pretzel maker made 13 cents a share on sales of $ 269 million. Analysts expected earnings of 14 cents a share on revenue of $ 275 million, according to Refinitiv.
Bumble – Shares of the datingapp company were down more than 10% despite higher-than-expected sales for the first quarter. Bumble reported first-quarter revenue of $ 170.7 million, while analysts expected $ 164.6 million. The company raised its future revenue expectations, but some Wall Street analysts said the increase seemed conservative.
Boeing – Shares of the Dow component were up 2% during afternoon trading after US carriers began repairing scores of 737 Max planes that had grounded due to an electrical problem last month. The Federal Aviation Administration approved the repairs that grounded more than 100 aircraft in April.
Lowe’s – Shares of Lowe rose 2.5% before noon in New York after Oppenheimer upgraded the home improvement retailer to an outperform rating. Analyst Brian Nagel told clients that the spin to cyclical stocks and the relatively low price makes it an attractive buying option.
Vroom – Stocks of the company rose more than 2% after Vroom reported a smaller-than-expected loss for the first quarter, with sales also exceeding Street’s expectations. The company said its total gross profit nearly doubled year over year.
Sonos – Sonos shares were up 7% after the company reported a surprising profit for the fiscal second quarter. Sonos earned 12 cents a share on an adjusted basis, compared to the 22 cents a share loss expected by analysts polled by FactSet. Sales were also higher than estimates and the company raised its full year outlook.
Poshmark – Shares of the online consignment retailer fell more than 15%, even after a better-than-expected quarterly report. Poshmark reported a first-quarter adjusted loss of 33 cents a share, less than the 42-cent loss expected by Wall Street analysts, Refinitiv said. The company also saw sales exceed analyst forecasts.
BJ’s Wholesale – The retailer’s stock fell more than 7% after JPMorgan upgraded the stock to outperform neutral. The company said in a note that BJ’s membership program appeared to be undervalued by the market.
– The Washington City Times’s Jesse Pound, Maggie Fitzgerald, Pippa Stevens and Yun Li contributed to the reporting.
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