There was a disappointing finish on Wall Street yesterday, with the Dow dropping over 254 points.
After the bell, LendingClub Corp (NYSE:LC) followed the trend, plunging more than 11% to US$3.65 as the peer-to-peer lender posted earnings and revenues that missed Wall Street estimates. It also guided for a weak first quarter.
Elsewhere, going the other way, was La-Z-Boy Inc (NYSE:LZB), which gained 4.33% to US$30.15 as the furniture maker announced revenue and earnings, which beat estimates. Same-store sales increased 2.6% this quarter.
Meanwhile, Devon Energy Corp (NYSE:DVN) ran out of juice and shares sank 6.49% to US$32.40 after the bell as the Oklahoma-based oil and gas exploration and production (E&P) company posted earnings that missed estimates by 25 US cents and revenues that beat estimates.
Devon Energy profit misses on weaker-than-forecast energy output #oilandgas #STACK https://t.co/QfbJRkzyog
— Bob Ault (@AultBob) February 21, 2018
Last but not least, Texas Roadhouse Inc (NASDAQ:TXRH) shares shed 4.23% to US$54.50 in the extended session after the steak restaurant chain served up earnings that beat analysts' expectations and revenues that were in line.
It also increased its quarterly dividend by 19%.