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Stocks making the biggest moves after hours: Lululemon, GE and Fiat Chrysler

Stocks making the biggest moves after hours: Lululemon, GE and Fiat Chrysler

Finance
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York.Gary Hershorn | Corbis News | Getty ImagesCheck out the companies making headlines after the bell:Shares of Lululemon Athletica slipped 5% during extended trading Wednesday despite the company's third-quarter earnings beat. The company earned 96 cents per share on revenue of $ 916 million, exceeding the earnings of 93 cents per share and revenue of $ 900 million analysts expected, according to Refinitiv. Same-store sales growth and gross margins also topped expectations, at 17% and 55.1%, respectively. Wall Street had expected same-store sales to increase by 14.4% and gross margins to increase by 54.6%.The mid-points of the company's fourth-q...
Stocks making the biggest moves after hours: Ulta, CrowdStrike, Zoom Video and more

Stocks making the biggest moves after hours: Ulta, CrowdStrike, Zoom Video and more

Finance
Pedestrians pass in front of an Ulta Beauty store in New York.Gabby Jones | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell:Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $ 2.25 per share, exceeding the earnings of $ 2.13 per share analysts forecast. Revenue fell short, coming in at $ 1.68 billion, versus the $ 1.69 billion expected. Ulta matched same-store sales growth forecasts at 3.2%.Shares of Zoom Video Communications tanked as much as 11% despite the company's third-quarter earnings beat and strong fourth-quarter guidance, suggesting slower growth ahead. The company reported earnings of 9 cents per share excluding certain...
Chanda Kochhar moves High Court against ICICI Bank over termination

Chanda Kochhar moves High Court against ICICI Bank over termination

Finance
MUMBAI: Former ICICI Bank chief executive, Chanda Kochhar, has moved the Bombay High Court against her ex-employer for terminating her when the bank had accepted her request for an early retirement. Kochhar, one of India’s most prominent woman CEOs, said that Sandeep Bakshi was named her successor only after ICICI Bank had accepted her request for an early retirement. She pointed out that her retirement request was accepted by the bank in October 2018 and in February 2019, the bank issued her a termination letter. Kochhar, in her petition, has challenged the ‘purported termination’ and denial of the agreed remuneration, said two people familiar with the development. ICICI Bank didn’t respond to ET’s mailed queries. Kochhar has termed her termination “illegal, untenable, and unsustainable i
Stocks making the biggest moves after hours: Pinterest, Beigene, Arista Networks and more

Stocks making the biggest moves after hours: Pinterest, Beigene, Arista Networks and more

Finance
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, September 22, 2017Brendan McDermid | ReutersCheck out the companies making headlines after the bell:Shares of Pinterest plummeted 20% after the bell following the company's third-quarter revenue miss. The company pulled in revenue of $ 279.7 million, while analysts had forecast $ 280.6 million. Pinterest posted earnings of 1 cent per share, topping the 4 cent loss per share expected, according to Refinitiv.Pinterest reported 322 million monthly active users, exceeding the 312 million investors projected. Average revenue per user fell just shy of estimates, however, coming in at 90 cents compared to the 91 cents per user expected.Shares of Beigene skyrocketed more than 30% after Amgen announced it...
Turkey moves to start domestic submarine-building industry

Turkey moves to start domestic submarine-building industry

Business
Oct. 23 (UPI) -- Turkey launched a plan to build its own submarine fleet, with six home-designed and -manufactured vessels scheduled to join its naval fleet by 2040. Turkey's submarine fleet, the second-largest in NATO, currently consists of 12 vessels based on the design of the German Type-209. Six more are expected from Germany before Turkish submarines can be delivered. Turkey's shipbuilding industry is also upgrading three French-made submarines for Pakistan. The ambitious project, formally unveiled on Tuesday, is named MiLDEN, an acronym meaning "Milli Denizalti" or "national submarine," and comes at a time when Turkish defense deals are under scrutiny. The United States canceled sales and component manufacturing contracts with Turkey after it purchased a Russian-made S-400 air def...