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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Pharma & Biotech

Lululemon Athletica, Ollie's Bargain Outlet Holdings, Broadcom and more - After the bell

Proactive takes a look at the trade in New York after the bell on Thursday

US stocks closed predominately in the red and after the bell, another one heading south was retailer Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI), whose shares shed 2%.

It came after the group posted a slim beat on third quarter earnings and revenue. Ollie's Bargain shares are up more than 79% in the year to date, notably.

Going the other direction was chip maker and communications major Broadcom Ltd (NASDAQ:AVGO), which added over 5% to US$277.66 as the firm increased its divi payment to US$1.75 from US$1.02 and reported better than expected earnings.

It also gave positive first-quarter revenue guidance.

Elsewhere, Okta Inc (NASDAQ:OKTA) shares were up nearly 5% to US$29.85 after the bell as the firm reported a 61% year-on-year revenue growth.

Okta also said it saw subscription revenue swell 64% compared to the same time last year.

Clothing and lifestyle firm Lululemon Athletica Inc (NASDAQ:LULU) surged over 8% to US$73.25 a share after the bell as the firm posted better than expected earnings and raised its guidance.

The active wear and lifestyle retailer also reported sames-store-sales growth of 7%.

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